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The company achieved 2018 guidance from continuing operations with consolidated production of 155.2 million pounds of copper
Capstone Mining (TSX:CS) has announced its financial results for the three months and year ended December 31, 2018.
According to the release, cash flow from Capstone’s operating activities for the quarter was US$54.2 million or US$0.14 per share and US$131.1 million or US$0.34 per share for the full year.
President and CEO of Capstone, Darren Pylot said:
“Operational performance at our mines steadily improved as the year progressed, with increased production as well as reduced costs quarter-over-quarter. We ended 2018 strong and are well positioned for a solid 2019.”
Q4 2018 Highlights for Capstone:
- Capstone achieved 2018 guidance from continuing operations with consolidated production of 155.2 million pounds of copper and C1 cash cost of US$1.83 per pound payable produced.
- Q4 2018 copper production from continuing operations of 42.3 million pounds and C1 cash cost of US$1.70 per payable pound produced. Q4 was the third consecutive quarterly performance improvement in 2018.
Click here to read the full Capstone Mining (TSX:CS) press release.
