July 6, 2011 / 11:50 AM / in 6 years

UPDATE 1-Capstone Q2 production rises 27 pct sequentially

(Follows alerts)

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below