RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
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Capstone (TSX:CS) Forecasts 2024 Copper Production of Up to 220K Tonnes Amidst Strategic Capital Investments
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Highlights
Capstone Copper Corp. (TSX: CS) is involved in the mining, exploration, and development of mineral properties in the Americas. The company’s main priority is copper, but it also produces lead, zinc, molybdenum, gold and silver.
In Q2 2024, the company's revenues reached USD 393.0 million, reflecting a 17.7% increase compared to the previous corresponding period. This growth was steered by higher production levels and an increased realization price. Earnings from mining operations also saw a significant rise, totaling USD 72.5 million compared to USD 5.0 million in pcp. This improvement was largely due to the elevated revenue, though it was partially offset by higher depletion and amortization costs.
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