The Conversation (0)
Capstone Mining (“Capstone”) (TSX: CS) announced today production results for the three and nine months ended September 30, 2016. As quoted in the press release: Combined production totalled 32,000 and 84,700 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold. At Pinto Valley, …
Capstone Mining (“Capstone”) (TSX: CS) announced today production results for the three and nine months ended September 30, 2016.
As quoted in the press release:
Combined production totalled 32,000 and 84,700 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.
At Pinto Valley, throughput continued above plan, setting a fourth straight quarterly throughput record of 57,300 tonnes per day (“tpd”) as well as achieving new monthly and daily throughput records of 58,000 tpd in August and 63,900 tpd in September, respectively. Grade was higher than planned, with recoveries just marginally below expectations.
At Cozamin, production was consistent with the guidance revised at the end of the second quarter. Development rates have undergone a steady improvement through the third quarter and a number of improvements implemented throughout the year have development progressing in accordance with the revised forecast.
Capstone’s 2016 production guidance for 108,000 tonnes (±5%) of copper remains unchanged, however, with strong performance three quarters of the way through the year, Capstone expects to finish the year at the high end of the consolidated guidance range.
Click here for the full text release.