Copper City, Glenn County, California

Capstone Copper Reports Third Quarter 2022 Results

Retrieved on: 
Monday, October 31, 2022

Q3 2022 production was 13.6 thousand tonnes, 9.6 thousand tonnes of copper in concentrate and 4.0 thousand tonnes of cathode.

Key Points: 
  • Q3 2022 production was 13.6 thousand tonnes, 9.6 thousand tonnes of copper in concentrate and 4.0 thousand tonnes of cathode.
  • Q3 2022 throughout of 14,334 tpd was 6% lower than the previous quarter due to several unplanned downtime events impacting performance.
  • 2022 YTD production (including the nine days in March 2022 after closing of the Transaction) was 25.8 thousand tonnes of copper cathode.
  • Copper Cities, Arizona: On January 20, 2022, Capstone Mining announced that it had entered into an 18-month access agreement with BHP Copper Inc. ("BHP") to conduct drill and metallurgical test-work at BHP's Copper Cities project ("Copper Cities"), located approximately 10 km east of the Pinto Valley mine.

Capstone Copper Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 8, 2022

2022 YTD production (including the nine days in March 2022 after closing of the Transaction) was 13,400 tonnes, 9,400 tonnes of copper in concentrate and 4,000 tonnes of cathode.

Key Points: 
  • 2022 YTD production (including the nine days in March 2022 after closing of the Transaction) was 13,400 tonnes, 9,400 tonnes of copper in concentrate and 4,000 tonnes of cathode.
  • 2022 YTD production (including the nine days in March 2022 after closing of the Transaction) was 14,300 tonnes of copper cathode.
  • Copper Cities, Arizona: On January 20, 2022, Capstone Mining announced that it had entered into an 18-month access agreement with BHP Copper Inc. ("BHP") to conduct drill and metallurgical test-work at BHP's Copper Cities project ("Copper Cities"), located approximately 10 km east of the Pinto Valley mine.
  • During the nine months from April 1, 2022 to December 31, 2022, Capstone Copper expects to produce between 136,000 and 150,000 tonnes of copper at C1 cash costs1 of between $2.55 and $2.70 per pound payable copper produced.

Copper Demand Expected to Nearly Double by 2035

Retrieved on: 
Wednesday, August 3, 2022

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as building new mines. A new copper mine takes an average of 16 years to start up, according to the International Energy Agency. Companies mining copper like Barrick Gold (NYSE: GOLD) (TSX: ABX), Capstone Copper (TSX: CS), Southern Copper Corporation (NYSE: SCCO), and BHP Group Ltd (NYSE: BHP) need to increase production to meet the higher demand, while companies exploring for copper, like Torq Resources Inc. (OTCQX: TRBMF) (TSXV: TORQ), need to make new copper discoveries to uphold the supply for the major miners.

Key Points: 
  • NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global .
  • Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy.
  • The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050.
  • A new copper mine takes an average of 16 years to start up, according to the International Energy Agency.

Copper Demand Expected to Nearly Double by 2035

Retrieved on: 
Wednesday, August 3, 2022

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as building new mines. A new copper mine takes an average of 16 years to start up, according to the International Energy Agency. Companies mining copper like Barrick Gold (NYSE: GOLD) (TSX: ABX), Capstone Copper (TSX: CS), Southern Copper Corporation (NYSE: SCCO), and BHP Group Ltd (NYSE: BHP) need to increase production to meet the higher demand, while companies exploring for copper, like Torq Resources Inc. (OTCQX: TRBMF) (TSXV: TORQ), need to make new copper discoveries to uphold the supply for the major miners.

Key Points: 
  • NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global .
  • Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy.
  • The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050.
  • A new copper mine takes an average of 16 years to start up, according to the International Energy Agency.

Capstone Copper Publishes 2021 Sustainability Report

Retrieved on: 
Tuesday, June 21, 2022

Capstone Copper Corp. ("Capstone" or the "Company") (TSX: CS) is pleased to announce that it has published its 2021 Sustainability Report, "Sustainable Thinking, Foundation for Growth" (the "Sustainability Report" or the "Report").

Key Points: 
  • Capstone Copper Corp. ("Capstone" or the "Company") (TSX: CS) is pleased to announce that it has published its 2021 Sustainability Report, "Sustainable Thinking, Foundation for Growth" (the "Sustainability Report" or the "Report").
  • View the full release here: https://www.businesswire.com/news/home/20220621006034/en/
    Capstone Mining 2021 Sustainability Report (Graphic: Business Wire)
    The 2021 sustainability performance information for Mantos Blancos and Mantoverde mines in Chile will soon be available on Capstone's website.
  • In 2022, the Company will produce a combined sustainability report for Capstone Copper.
  • At Capstone Copper, we are committed to embedding sustainability into our growth strategy and continuously improving our ESG performance."