Capstone Mining Reports 2018 Financial Results

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.