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BRIEF-Capstone Mining Places Minto Mine On Temporary Care

Published 2018-10-11, 09:38 a/m
© Reuters.  BRIEF-Capstone Mining Places Minto Mine On Temporary Care
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Oct 11 (Reuters) - Capstone Mining Corp CS.TO :

* CAPSTONE MINING PLACES MINTO MINE ON TEMPORARY CARE AND MAINTENANCE

* CAPSTONE MINING CORP - CO & PEMBRIDGE RESOURCES HAVE ELECTED TO TERMINATE AGREEMENT FOR SALE OF MINTO MINE

* CAPSTONE MINING - PEMBRIDGE HAS BEEN UNSUCCESSFUL IN COMPLETING FINANCING REQUIRED TO COMPLETE THE TRANSACTION

* CAPSTONE MINING - CONTINUING TO EXPLORE ALTERNATIVES FOR MINTO MINE, INCLUDING DISCUSSIONS WITH PEMBRIDGE, OTHER POTENTIALLY INTERESTED PARTIES

* CAPSTONE MINING CORP - MINING OPERATIONS AT MINTO MINE WILL CEASE IMMINENTLY

* CAPSTONE MINING CORP - COSTS TO PLACE MINTO MINE ON CARE AND MAINTENANCE ARE ESTIMATED TO BE ABOUT $5 MILLION IN EACH OF 2018 AND 2019

* CAPSTONE MINING CORP - AT MINTO MINE , APPROXIMATELY 200 EMPLOYEES AND CONTRACTORS WILL BE AFFECTED

* CAPSTONE MINING CORP - MILLING OPERATIONS AT MINTO MINE EXPECTED TO BE COMPLETED IN NEXT FEW WEEKS ONCE CURRENT ORE STOCKPILE IS PROCESSED

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