Capstone Mining has announced its financial results for the three and six months ended June 30, 2018.
Capstone Mining (TSX: CS) has announced its financial results for the three and six months ended June 30, 2018. Cash flow from operating activities for the quarter was US$28.8 million or US$0.07 per share and US$61.6 million or US$0.16 per share year to date.
The company produced 16,940 tonnes of copper in this quarter.
President and CEO of Capstone, Darren Pylot said:
“We generated US$28.8 million of cash flow from operating activities in the second quarter, net income from continuing operations of US$8.2 million and operational performance ended the second quarter within our guided range.
“Moving forward, we expect that various optimization activities underway at Pinto Valley will result in increased productivity and lower costs. At Cozamin, we are very optimistic that the updated mineral resource estimate that we released in the second quarter will pave the way for an extension of operations and creates the potential for a mine expansion.”