Latest news with #CapstoneCopperCorp
San Francisco Chronicle
31-07-2025
- Business
- San Francisco Chronicle
Capstone: Q2 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Capstone Copper Corp. (CSFFF) on Thursday reported net income of $24 million in its second quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The base metals mining company posted revenue of $543.2 million in the period.
Business Wire
06-05-2025
- Business
- Business Wire
Capstone Copper Increases Revolving Credit Facility and Extends Maturity to May 2029
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Capstone Copper Corp. ('Capstone' or the 'Company') (TSX:CS) (ASX; CSC) is pleased to announce that it has amended its existing revolving credit facility (the 'Amended Credit Facility') and extended the maturity from September 2027 to May 2029. The Amended Credit Facility will bear interest on a sliding scale of adjusted term SOFR plus a margin of 1.75% to 2.75%. The amendment of the existing revolving credit facility increases the aggregate commitments from $700 million to $1 billion, with a $200 million accordion. Increased availability of the revolving credit facility is subject to refinancing of the Company's Mantoverde Development Project Facility. As part of the balance sheet optimization, Capstone intends to repay its 70%-attributable share of project financing debt at the Mantoverde S.A. subsidiary using proceeds from the previously announced $600 million aggregate principal amount of 6.750% senior unsecured notes due 2033. 'This represents a further step towards enhancing our balance sheet strength and flexibility. We are pleased to have achieved competitive terms and an extended maturity to 2029 on our revolving credit facility. When combined with the new senior unsecured notes announced in March, in addition to the anticipated repayment of our share of the Mantoverde Development Project Facility, we have a simplified debt capital structure with our only material debt maturities in 2029 and 2033,' stated Raman Randhawa, Chief Financial Officer. The Amended Credit Facility includes standard and customary terms and conditions with respect to fees, representations, warranties, and financial covenants. CIBC acted as Administrative Agent, Joint Bookrunner, and Co-Lead Arranger. The Bank of Nova Scotia acted as Syndication Agent, Joint Bookrunner, and Co-Lead Arranger. ING Capital LLC acted as the Joint Bookrunner and Co-Lead Arranger. A copy of the Amended Credit Facility agreement will be filed on SEDAR+. About Capstone Copper Corp. Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, we own the fully permitted Santo Domingo copper-iron-gold project, located approximately 30 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas. Capstone Copper's strategy is to unlock transformational copper production growth while executing on cost and operational improvements through innovation, optimization and safe and responsible production throughout our portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are committed to creating a positive impact in the lives of our people and local communities, while delivering compelling returns to investors by sustainably producing copper to meet the world's growing needs. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release may contain 'forward-looking information' within the meaning of Canadian securities legislation and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, 'forward-looking statements'). In certain cases, forward-looking statements can be identified by the use of words such as 'anticipates', 'approximately', 'believes', 'budget', 'estimates', 'expects', 'forecasts', 'guidance', 'intends', 'plans', 'scheduled', 'target', or variations of such words and phrases, or statements that certain actions, events or results 'be achieved', 'could', 'may', 'might', 'occur', 'should', 'will be taken' or 'would' or the negative of these terms or comparable terminology. Forward-looking statements include, but are not limited to, statements with respect to the Company's intention to offer the Notes, subject to market and other conditions, the intended use of proceeds from the offering and the Company's business strategy. These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable, are inherently subject to significant operational, business, economic, market and regulatory uncertainties and contingencies. These assumptions include the timing and success of the Notes offering. Furthermore, such forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, the risks included in our continuous disclosure filings on SEDAR+ at These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. Although the Company has attempted to identify important factors that could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, conditions, results, performance or achievements to differ from those anticipated, estimated or intended. The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained herein. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Yahoo
04-05-2025
- Business
- Yahoo
Earnings Miss: Capstone Copper Corp. Missed EPS And Analysts Are Revising Their Forecasts
Last week, you might have seen that Capstone Copper Corp. (TSE:CS) released its first-quarter result to the market. The early response was not positive, with shares down 3.9% to CA$6.66 in the past week. The results don't look great, especially considering that the analysts had been forecasting a profit and Capstone Copper delivered a statutory loss of US$0.0096 per share. Revenues of US$533m did beat expectations by 6.1% though. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Taking into account the latest results, the consensus forecast from Capstone Copper's 17 analysts is for revenues of US$2.22b in 2025. This reflects a sizeable 24% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 62% to US$0.17. In the lead-up to this report, the analysts had been modelling revenues of US$2.19b and earnings per share (EPS) of US$0.28 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates. Check out our latest analysis for Capstone Copper It might be a surprise to learn that the consensus price target was broadly unchanged at CA$10.74, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Capstone Copper, with the most bullish analyst valuing it at CA$13.00 and the most bearish at CA$8.00 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Capstone Copper's growth to accelerate, with the forecast 33% annualised growth to the end of 2025 ranking favourably alongside historical growth of 27% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Capstone Copper to grow faster than the wider industry. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CA$10.74, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on Capstone Copper. Long-term earnings power is much more important than next year's profits. We have forecasts for Capstone Copper going out to 2027, and you can see them free on our platform here. We don't want to rain on the parade too much, but we did also find 1 warning sign for Capstone Copper that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
National Post
02-05-2025
- Business
- National Post
Capstone Copper Announces 2025 Annual General Meeting Results
Article content VANCOUVER, British Columbia — Capstone Copper Corp. ('Capstone' or the 'Company') (TSX:CS) (ASX:CSC) announced the voting results from its 2025 Annual General Meeting ('AGM') held May 2, 2025 in Vancouver, British Columbia. A total of 594,082,529 common shares were voted at the meeting, representing 77.96% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, as follows: Article content Article content Number of Directors % For % Against Number of Directors to be set at eight 96.27% 3.73% Election of Directors % of Votes For % of Votes Withheld Alison Baker 99.19% 0.81% Gordon Bell 99.57% 0.43% Richard Coleman 99.98% 0.02% Anne Giardini 98.20% 1.80% John MacKenzie 98.90% 1.10% Cashel Meagher 99.89% 0.11% Peter Meredith 99.43% 0.57% Patricia Palacios 99.46% 0.54% Appointment of Auditor % For % Withheld To re-appoint Deloitte LLP as Auditor of the Company for the ensuing year and to authorize the Directors to fix their remuneration 99.90% 0.10% Say on Pay % For % Against To pass an advisory vote on Capstone's approach to executive compensation as disclosed in the Management Information Circular 91.87% 8.13% Article content Detailed voting results for the 2025 AGM are available on SEDAR+ at Article content Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, we own the fully permitted Santo Domingo copper-iron-gold project, located approximately 30 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas. Article content Capstone Copper's strategy is to unlock transformational copper production growth while executing on cost and operational improvements through innovation, optimization and safe and responsible production throughout our portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are committed to creating a positive impact in the lives of our people and local communities, while delivering compelling returns to investors by responsibly producing copper to meet the world's growing needs. Article content Article content Article content Article content Article content Contacts Article content Daniel Sampieri, Vice President, Investor Relations 437-788-1767 dsampieri@ Article content Article content
Business Wire
02-05-2025
- Business
- Business Wire
Capstone Copper Announces 2025 Annual General Meeting Results
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Capstone Copper Corp. ('Capstone' or the 'Company') (TSX:CS) (ASX:CSC) announced the voting results from its 2025 Annual General Meeting ("AGM") held May 2, 2025 in Vancouver, British Columbia. A total of 594,082,529 common shares were voted at the meeting, representing 77.96% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, as follows: Detailed voting results for the 2025 AGM are available on SEDAR+ at About Capstone Copper Corp. Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. We own and operate the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, we own the fully permitted Santo Domingo copper-iron-gold project, located approximately 30 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas. Capstone Copper's strategy is to unlock transformational copper production growth while executing on cost and operational improvements through innovation, optimization and safe and responsible production throughout our portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are committed to creating a positive impact in the lives of our people and local communities, while delivering compelling returns to investors by responsibly producing copper to meet the world's growing needs.
