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BRIEF-Capstone Mining Says Q1 Copper Production Totaled 35.5 Mln Pounds Of Copper

Published 2020-04-28, 08:37 p/m
© Reuters.
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April 28 (Reuters) - Capstone Mining Corp CS.TO :

* CAPSTONE REPORTS FIRST QUARTER 2020 RESULTS

* QTRLY COPPER PRODUCTION TOTALED 35.5 MILLION POUNDS OF COPPER AT CONSOLIDATED C1 CASH COSTS OF $2.05 PER PAYABLE POUND PRODUCED

* TAKING ALL STEPS NECESSARY TO BE ABLE TO QUICKLY AND SAFELY RAMP PRODUCTION BACK UP TO FULL CAPACITY BY MAY 18, 2020

* QTRLY REVENUE $70.4 MILLION VERSUS $108.9 MILLION

* CAPSTONE MINING - WITHDREW FY2020 PRODUCTION GUIDANCE, DUE TO COZAMIN'S TEMPORARY RAMP DOWN OF OPERATIONS,ONGOING UNCERTAINTY REGARDING COVID-19

* CAPSTONE MINING - CAPSTONE HAS TAKEN PRUDENT FINANCIAL MEASURES TO REDUCE DISCRETIONARY CAPITAL AND EXPLORATION EXPENDITURES BY $32 MILLION IN 2020

* Q1 REVENUE VIEW $82.1 MILLION -- REFINITIV IBES DATA

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