- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Capstone Mining Corp. (TSX:CS) announced its results for the fourth quarter of 2014 as well as the year as a whole, noting that its operating cash flow before changes in working capital came to a record $199.4 million.
Capstone Mining Corp. (TSX:CS) announced its results for the fourth quarter of 2014 as well as the year as a whole, noting that its operating cash flow before changes in working capital came to a record $199.4 million.
Other highlights include:
Notwithstanding this strong performance, Capstone posted a loss for the year of $22.4 million due to non-cash charges of $55.8 million, including $36.2 million related to a write down of inventory and capitalized mineral property costs at Minto, $11 million related to the impairment of available-for-sale securities and $8.6 million in the carrying value of the Kutcho development project. Copper production during the year at Capstone’s three operating mines totalled 103,353 tonnes of copper in concentrates and cathode (99,739 tonnes of payable copper) at a C1 cash cost of $1.93 per payable pound of copper produced.
Darren Pylot, president and CEO of Capstone, commented:
This past year was a transitional one for Capstone as we integrated Pinto Valley into our organization and completed the first full year of operation under our ownership. The trend of reducing cash cost and a final fourth quarter C1 cash cost of $1.82 per pound at that operation underscore the progress we have made so far. The significant operating cash flow we generated in 2014 of $199.4 million also demonstrates the substantial potential of all of our operations.
Click here to read the full Capstone Mining Corp. (TSX:CS) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.