RY 168.02 -0.2138% TD 84.54 0.583% SHOP 98.44 1.6522% CNR 161.44 -0.4686% ENB 55.37 0.7093% CP 117.35 -0.4074% BMO 116.29 0.5969% TRI 234.8 -0.5% CNQ 43.4 -2.0316% BN 67.06 0.8573% ATD 75.0 -1.1467% CSU 4286.48 0.3286% BNS 70.72 0.6834% CM 83.49 0.9675% SU 49.53 0.4462% TRP 63.27 1.1187% NGT 73.0 1.5299% WCN 252.39 -0.095% MFC 38.15 0.58% BCE 48.11 0.4594%
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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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