Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Musk officially steps down from DOGE after wrapping...
HHS slams ‘under-tested’ mRNA technology as Trump cuts...
State Department says it will ‘aggressively’ revoke visas...
SEN. JEANNE SHAHEEN: If Trump wants a Ukraine...
Trump’s drastic NSC cuts spark debate: Does fighting...
GOP rails against ‘blatantly false’ Dem claims about...
SCOOP: GOP push for new House committee to...
Elon Musk criticism of Trump tax bill frustrates...
What’s next for DOGE after Elon Musk’s departure?...
Hamas faces ‘legitimacy crisis’ as desperate Gazans flock...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study Released

by admin October 4, 2024
October 4, 2024
Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study Released

Americas-focused miner Capstone Copper (TSX:CS,ASX:CSC,OTC Pink:CSCCF) announced two pieces of news from its Mantoverde development project in Chile on Tuesday (October 1).

The company reported that it has achieved commercial production at the site, and followed up with the release of a feasibility study for its Mantoverde optimized brownfield expansion project.

Mantoverde reached commercial production on September 21 after its mill operated for 30 consecutive days at an average of 75 percent of its nameplate throughput, which stands at 32,000 metric tons (MT) of ore per day.

Despite the achievement, Capstone said its consolidated copper production for 2024 is expected to come in at the lower end of the projected range, between 190,000 and 220,000 MT. The company’s C1 cash costs are likely to trend slightly above guidance, which is set between US$2.30 and US$2.50 per payable pound.

This is largely due to the timing of ramp ups at both the Mantoverde and Mantos Blancos operations, which occurred later in the year than anticipated. However, the company expects Q4 to be its strongest quarter across its portfolio.

In terms of the feasibility study for the Mantoverde optimized project, Capstone said it focuses on a capital-efficient expansion of the sulfide concentrator. The work is expected to increase the plant’s throughput capacity from 32,000 MT of ore per day to 45,000 MT per day, adding an additional 20,000 MT per year of copper production.

Capital of about US$146 million is estimated, and will extend the mine’s life to 25 years. The study projects an after-tax net present value of US$2.9 billion at an 8 percent discount and a long-term copper price of US$4.10 per pound.

Capstone also reported an increase to sulfide mineral reserves, saying they have risen by 68 percent to 398 million MT grading 0.49 percent copper and 0.1 grams per MT gold. Contained copper has increased by 40 percent.

Meanwhile, oxide mineral reserves have seen an 18 percent increase in tonnage to 236 million MT at a soluble copper grade of 0.21 percent. Contained copper has increased by 11 percent.

Over the next five years, Mantoverde is expected to produce an average of 135,000 MT of copper and 37,000 ounces of gold annually at a cash cost of US$1.81 per payable pound of copper.

Capstone aims to start construction of the Mantoverde optimized project after the approval of its environmental permit application, which was submitted in H1. The company anticipates approval in the first half of 2025.

The firm is also currently looking into a number of value-enhancement opportunities within the Mantoverde-Santo Domingo district. These include processing oxide material from Capstone’s neighboring Santo Domingo and Sierra Norte projects, and the recovery of cobalt and additional copper from pyrite concentrate.

Capstone is scheduled to release its third quarter financial results on October 31.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
MORNING GLORY: The VP debate is an example of Kamala Harris’s horrible judgment when it comes to picking staff
next post
CVS is under pressure and considering a breakup. Here’s why that could be risky

You may also like

CardieX June Quarterly Appendix 4C

July 31, 2024

Top 5 Most-popular Uranium Stories of 2024

December 28, 2024

Tech 5: OpenAI Restructures, Apple Pursues AI Search,...

May 11, 2025

Westport Announces Lock-Up Agreements in Support of the...

May 1, 2025

Eric Sprott Announces Changes to His Holdings in...

July 26, 2024

Brunswick Exploration Announces Non-Brokered Private Placement of $3M

November 25, 2024

Finlay Minerals Appoints an Executive Chairman, President &...

May 13, 2025

Riverside Resources Expands British Columbia Rare Earth Elements...

December 9, 2024

Group Eleven Resources: High-grade Zinc-Lead-Silver, Germanium Discovery in...

November 9, 2024

ARR advances permitting at Cowboy State Mine

May 28, 2025

Recent Posts

  • Musk officially steps down from DOGE after wrapping work streamlining government
  • HHS slams ‘under-tested’ mRNA technology as Trump cuts Moderna’s vaccine funding
  • State Department says it will ‘aggressively’ revoke visas for Chinese students
  • SEN. JEANNE SHAHEEN: If Trump wants a Ukraine deal, he should reread his own book
  • Trump’s drastic NSC cuts spark debate: Does fighting the ‘Deep State’ put national security at risk?

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (747)
    • Investing (2,201)
    • Politics (2,719)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.