Copper produced fell within the company’s 2018 guidances, while Capstone said it expected to more than double copper production in 2019.
Capstone Mining (TSX:CS) has released its preliminary fourth quarter and full year copper production results for 2018 and 2019 operating and capital expenditure guidance for its continuing operations.
According to the company, total production from continuing operations totalled 19,200 tonnes (42.3 Mlbs) and 70,400 tonnes (155.2 Mlbs) of copper in the fourth quarter and full year 2018, respectively, in line with the company’s guidance of between 67,450 to 74,550 tonnes of copper production.
As quoted in the press release:
In 2019, Capstone expects to produce between 145 million and 160 million pounds of copper at a C1 cash cost of between US$1.80 and US$2.00 per pound payable copper produced.