share_log

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

Futu News ·  Nov 1 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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment