1055 WEST HASTINGS STREET, SUITE 1980
VANCOUVER
British Columbia
Canada,
V6E 2E9
Phone: +1 (604) 684-8894
Fax: +1 (604) 688-2180
Toll Free: 1 866 684 8894
|
|
Capstone Mining Corp. (CS:TSX) is a publicly traded Canadian mining company with a primary focus to operate, expand and explore the company's 100% owned Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico. Our objective is to become an intermediate player in the base metals sector in the Americas.
The Cozamin mine has started an expansion to 3,000 tpd or approximately 1 million tpy, a 36% increase in production. This expansion is expected to be completed by September 2008.
Since its foundation Capstone has had a successful performance and it is well positioned for significant growth.
Highlights
- Capable of generating +$40 million in free cash flow in 2008.
- Silver exposure through the ownership of 26.7 million shares (22%) of Silverstone Resources Corp.
- No debt.
2008 Cozamin Mine Expansion
Capstone has started the expansion of the Cozamin mine from the current rate of 2,200 tonnes per day ("tpd") or 750,000 tonnes per year ("tpy") to 3,000 tpd or approximately 1 million tpy, a 36% increase in production. This expansion is expected to be completed by September 2008.
2008-2009 Production Forecast
| |
2008F |
2009F |
| Tonnes milled |
850,000 |
1,000,000 |
| Copper (payable lbs) |
30,000,000 |
40,000,000 |
| Silver (payable ozs) |
1,300,000 |
1,500,000 |
| Zinc (payable lbs) |
9,000,000 |
10,000,000 |
| Lead (payable lbs) |
5,100,000 |
5,000,000 |
Goals
- Optimize throughput and recovery at the Cozamin mine
- Provide shareholder value by increasing cash flow and earnings from the Cozamin mine
- Aggressively pursue and acquire advanced metal projects with low unit production
For more information visit our website at:
www.capstonemining.com
|
