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Capstone Copper Corp. (CSCCF) Q3 2024 Earnings Call Transcript Summary

Futu News ·  11:47  · Conference Call

The following is a summary of the Capstone Copper Corp. (CSCCF) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • Capstone Copper reported Q3 2024 copper production of 47,500 tonnes.

  • Consolidated C1 cash costs were reported at $2.83 per pound.

  • Q3 recorded EBITDA of $120.8 million, nearly doubled year-over-year but down 2% quarter-over-quarter.

  • Revised C1 cash cost guidance for 2024 is now set at $2.60 to $2.80 per payable pound.

  • Net debt held steady at $751 million as at the end of September.

Business Progress:

  • Achieved commercial production at Mantoverde Development Project.

  • Completed first two concentrate shipments from Mantoverde meeting all required specifications.

  • Released a feasibility study for Mantoverde Optimized Project, indicating a potential capacity increase and highlighting significant additional copper production.

  • Leadership changes announced with a new CEO and COO slated for next year, supporting continuity and future growth.

Opportunities:

  • Mantoverde and Santo Domingo projects highlight potential future growth with opportunities for increased production and efficiency.

  • Feasibility studies and plant optimizations suggest expansion potential, projecting significantly higher copper outputs.

Risks:

  • Delays in ramp-up at Mantoverde and Mantos Blancos affected production volumes and increased unit costs.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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