BRIEF-Capstone mining says takes action to protect covenant compliance

Wed Mar 9, 2016 6:37am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

March 9 (Reuters) - Capstone Mining Corp

* Capstone Mining takes action to protect covenant compliance

* Actions include price fixing over 90% of copper sold in Q4 with open copper pricing periods at Dec 31 at us$2.13 per pound of copper

* Actions expected to ensure compliance with financial ratio tests under RCF

* "in this challenging commodity price environment our first priority is to reduce our debt risk" Source text for Eikon: Further company coverage: