July 6, 2011 / 11:50 AM / 7 years ago

UPDATE 1-Capstone Q2 production rises 27 pct sequentially

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July 6 (Reuters) - Canada’s Capstone Mining Corp said second-quarter production at its Cozamin and Minto mines rose 27 percent sequentially, and it backed its full-year production forecast.

Combined production was 21.2 million pounds of copper in concentrates, the company said in a statement.

Production at the Cozamin mine in Mexico is expected to continue to stabilize at higher levels as additional stopes are placed into production, the company said.

Contract pre-crushing at the Minto mine in Yukon will continue until permanent improvements are implemented later in the year, it added.

Capstone, which is scheduled to report its second-quarter results on Aug. 15, maintained its full-year production forecast of 80-85 million pounds of copper in concentrates. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Roshni Menon)

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