999 WEST HASTINGS STREET, SUITE 900
VANCOUVER
British Columbia
Canada,
V6C 2W2
Phone: +1 (604) 684-8894
Fax: +1 (604) 688-2180
Toll Free: 1 866 684 8894
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Capstone Mining Corp. is a TSX listed company focused on growing production from its two high-grade, low-cost mines located in mining friendly jurisdictions. Sustained resource growth at its mines has justified staged production expansions at both operations, which generate robust cash flow supported by a valuable hedge book and strong balance sheet, allowing for continued growth through M&A.
The Minto Mine is a high-grade, open pit copper-gold mine located in Yukon, Canada, forecast to produce approximately 60-65 million pounds of copper in 2009.
The Cozamin Mine is a high-grade, shallow underground copper-silver-zinc-lead mine located in Zacatecas, Mexico, forecast to produce approximately 40 million pounds of copper in 2009.
The Kutcho project is a high-grade, near surface copper-zinc-silver deposit in British Columbia, Canada, being advanced towards a production decision.
As of June 30, 2009, the company had over 77 million pounds of copper forward sold at an average price of US$2.47/lb.
Highlights
- High-grade, low-cost copper production
- Significant by-products of gold, silver, zinc and lead
- North American operations in mining friendly jurisdictions
- Strong cashflow from production supported by robust hedge book
- Significant holding in
Silver Wheaton Corp: Own 2.45 million shares worth ~US$22 million
- Track record of growing resources and production
- Proven ability to discover, acquire, develop and operate
- Strong management team with proven ability to deliver
Above: Cozamin Mine, and Mining in the Main Minto pit
Production Forecast
| |
Cozamin |
Minto |
Combined |
| Geography |
Mexico |
Canada |
N. America |
| Commodities |
Cu (+Zn, Ag, Pb) |
Cu (+Au, Ag) |
Cu (+Zn, Au, Ag, Pb) |
2008 Actual Production
(Copper in concentrates) |
26.4M lbs Cu |
47.7M lbs Cu |
74.1M lbs Cu |
| 2009 Forecast Production |
~35-40M lbs Cu |
~60-65M lbs Cu |
~95-105M lbs Cu |
| 2009 Forecast Cash Costs* |
~US$1.00/lb |
~US$1.00/lb |
~US$1.00/lb |
Plant Expansions
Completed in 2008 |
To 3,000 tpd |
To 3,200 tpd |
To 6,200 tpd |
Summary
CAPSTONE - PURSUIT OF VALUE
- Building a mid-tier copper producer focused in the Americas
- Two operating copper mines
- Cozamin & Minto mines
- Significant by-products of gold, silver, lead & zinc
- High grade and low cost
- 2009 forecast: 95-105 million pounds of copper with cash costs of ~US$1.00/lb
- Six months to Jun 30/09: 47.3 million pounds of payable copper with total cash cost of US$0.93/lb
- Additional high grade copper development project
- Kutcho copper project, BC
- 100% North American assets
- Canada & Mexico
- Low political risk
CAPSTONE – FOCUSED ON GROWTH
- Strong organic growth potential
- Significant mineral resource growth supporting staged mill expansions
- Financial strength to support further M&A
- Cash
- Strong cash flow from production
- US$48.9 million in six months ended Jun 30/09
- Robust forward sales book
- Significant holding in Silver Wheaton
- Own 2.45 million shares worth ~US$22 million
- Strong management team
- Proven ability to deliver M&A, mine development, operations & exploration discoveries
For more information visit our website at:
www.capstonemining.com
Company NewsMonday, November 16, 2009 Capstone Mining announced assay results from a new discovery, called “Minto East”, at its high grade Minto copper-gold mine in the Yukon, Canada. These drill intercepts, which are located on the east perimeter of the current open pit mine, also demonstrate continuity of high grades from an intercept drilled nearby in 2007 and enhance Capstone’s confidence level in this new higher grade copper-gold discovery. Hole 09SWC584 intercepted 3.5% Cu & 1.2g/t Au over 13.6 m (including 4.1% Cu & 1.4g/t Au over 6.0 m) News ReleasesMonday, November 16, 2009 Tuesday, November 03, 2009 Wednesday, October 14, 2009 Monday, September 21, 2009 Tuesday, September 15, 2009 Map Legend: Producer Past Producer  Development  Exploration |
