Capstone Copper Mining

Capstone Copper has restarted production at its Mantoverde mine in Chile after a suspension caused by lack of access to the desalination plant. The company says it will operate at about 50% to 75% of normal production while Union #2, representing roughly 22% of the workforce, continues a strike that began Jan 2. Capstone remains willing to negotiate with the union, will follow legal procedures and says it is committed to transparency and community standards. » More on financialpost.com

Capstone Copper reported a record copper production of 57,416 tonnes in Q2 2025, revenue of $543.2 million and adjusted EBITDA of $215.6 million (+75% y/y). C1 cash costs fell to $2.45/lb thanks to operational improvements, with Mantoverde and Mantos Blancos as drivers. The company reaffirmed its full-year guidance of 220–255 kt and received approval for the MV‑O project; the final investment decision is expected in Q3. Capstone shows consolidated net debt of $692 million and available liquidity of $1,107 million, providing room for its growth plans. » More on de.investing.com

Capstone Copper announced initial assays from its 30,000-metre Phase 1 drill program at Mantoverde, reporting higher-than-expected copper grades in the Brecha Flores sector and results consistent with the block model at Mantoverde Sur and Norte. Step-out drilling along the Santa Clara Corridor and into the Animas area confirmed continuity and northward extension of mineralization, supporting potential resource growth and reserve conversion. The company will advance a Phase 2 program starting in Q4 2025 (~31,500 metres planned across northern pit targets and a 10-km corridor) as part of a two-year, ~$25 million exploration plan. » More on financialpost.com