Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
Chris Berry: The West Must Invest in Refinement...
Torex Gold Moves Beyond Single-Asset Status With Reyna...
Ekin Ober on Why AI Could Be Mining’s...
Maritime Resources: A Low-risk Path to Gold Production...
Stallion Uranium Provides Update on Technology Data Acquisition...
Trump Tariffs to Raise US Medical Device Costs,...
EVs Now Emit 73 percent Less Than Gasoline...
OpenAI to release web browser in challenge to...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study Released

by admin October 4, 2024
October 4, 2024
Capstone’s Mantoverde Reaches Commercial Production, Expansion Feasibility Study Released

Americas-focused miner Capstone Copper (TSX:CS,ASX:CSC,OTC Pink:CSCCF) announced two pieces of news from its Mantoverde development project in Chile on Tuesday (October 1).

The company reported that it has achieved commercial production at the site, and followed up with the release of a feasibility study for its Mantoverde optimized brownfield expansion project.

Mantoverde reached commercial production on September 21 after its mill operated for 30 consecutive days at an average of 75 percent of its nameplate throughput, which stands at 32,000 metric tons (MT) of ore per day.

Despite the achievement, Capstone said its consolidated copper production for 2024 is expected to come in at the lower end of the projected range, between 190,000 and 220,000 MT. The company’s C1 cash costs are likely to trend slightly above guidance, which is set between US$2.30 and US$2.50 per payable pound.

This is largely due to the timing of ramp ups at both the Mantoverde and Mantos Blancos operations, which occurred later in the year than anticipated. However, the company expects Q4 to be its strongest quarter across its portfolio.

In terms of the feasibility study for the Mantoverde optimized project, Capstone said it focuses on a capital-efficient expansion of the sulfide concentrator. The work is expected to increase the plant’s throughput capacity from 32,000 MT of ore per day to 45,000 MT per day, adding an additional 20,000 MT per year of copper production.

Capital of about US$146 million is estimated, and will extend the mine’s life to 25 years. The study projects an after-tax net present value of US$2.9 billion at an 8 percent discount and a long-term copper price of US$4.10 per pound.

Capstone also reported an increase to sulfide mineral reserves, saying they have risen by 68 percent to 398 million MT grading 0.49 percent copper and 0.1 grams per MT gold. Contained copper has increased by 40 percent.

Meanwhile, oxide mineral reserves have seen an 18 percent increase in tonnage to 236 million MT at a soluble copper grade of 0.21 percent. Contained copper has increased by 11 percent.

Over the next five years, Mantoverde is expected to produce an average of 135,000 MT of copper and 37,000 ounces of gold annually at a cash cost of US$1.81 per payable pound of copper.

Capstone aims to start construction of the Mantoverde optimized project after the approval of its environmental permit application, which was submitted in H1. The company anticipates approval in the first half of 2025.

The firm is also currently looking into a number of value-enhancement opportunities within the Mantoverde-Santo Domingo district. These include processing oxide material from Capstone’s neighboring Santo Domingo and Sierra Norte projects, and the recovery of cobalt and additional copper from pyrite concentrate.

Capstone is scheduled to release its third quarter financial results on October 31.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
IsoEnergy to Acquire Anfield Energy, Strengthening US Uranium Portfolio
next post
Supply Chains Disrupted as US East and Gulf Coast Ports Face Worker Strike

You may also like

Leadership Shakeup: Rio Tinto’s Stausholm to Step Down...

June 4, 2025

Rights Entitlements Offer – Registry Enhancement and Shareholder Engagement

August 13, 2024

Denison Mines Moves Closer to Federal Approval for...

March 1, 2025

10 Biggest Cannabis Stocks in the US and...

August 10, 2024

Boss Energy Boosts Stake in Laramide Resources to...

March 15, 2025

Tartana Positive Metallurgical Copper Testwork

October 28, 2024

Horizon and Poseidon Merging to Fast-Track the Creation...

October 30, 2024

High Grade Cu-Au at Surface Delivers New Targets...

July 9, 2025

What is the January Effect? (Updated 2024)

December 27, 2024

Cizzle Brands Corporation Schedules Second Fiscal Quarter 2025...

March 14, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • BHP Faces AU$1.3 Billion Wage Adjustment for Queensland Coal Miners

      July 11, 2025
    • ​Royal Gold to Create Streaming and Royalty Giant in US$3.7 Billion Deal

      July 11, 2025
    • Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

      July 11, 2025
    • Torex Gold Moves Beyond Single-Asset Status With Reyna Silver Takeover

      July 11, 2025
    • Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

      July 11, 2025
    Promotion Image

    banner ads

    Categories

    • Business (764)
    • Economy (829)
    • Investing (2,387)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved