Capstone Mining Mining News

Copper-zinc VMS project changes hands for C$28.8M

A high-grade copper-zinc volcanogenic massive sulphide (VMS) project in British Columbia will now be developed by Desert Star Resources (TSXV:DSR).

Canada’s Capstone to hire back laid-off workers thanks to copper price rally

The Minto copper mine, located about 240 kilometres northwest of Whitehorse, near Pelly Crossing, shut all open-pit mining operations on Oct. 1, which meant letting go 58 people.

Yukon's Minto mine looks to bring back laid off workers

A recent bump in the price of copper has Yukon's only operating mine looking to bring back some laid-off workers.

Canada’s Capstone puts Chile copper project in back burner

The Vancouver-based miner blamed low commodity prices for the measure.

Vancouver miner said to be in Davis sights surges

A report out by Bloomberg speculates that Mick Davis' X2 Resources $5.6 billion private equity fund is closing in on Canadian target.

Capstone Mining discontinues planned offering of $300 million senior notes

Due to "general market conditions".

Capstone Mining gains on life-of-mine extension

The Pinto Valley copper mine in Arizona was supposed to stop producing in 2018.

Capstone bumped up after positive production numbers

Vancouver-based copper miner sticks to full year guidance ahead of closing of $650 million Pinto Valley acquisition.

Capstone returns to profitability

Capstone Mining made a dramatic move into the black last year, earning a US$72.6 million profit compared to a loss of $18.3 million in 2009. Revenues grew from $250 million in 2009 to $310 million last year. The Vancouver-based company had US$192.4 million in the bank at the end of the year, up from $118.4 million the year previously.

The uncertainty of crowds

With Libyans having joined the movement to overturn aging autocracies the Arab street action has moved into a geopolitically more difficult territory. Concern over Libya’s oil exports are showing up as higher crude pricing. Libya’s 1.6 M barrels/day of crude output may well undergo disruptions, but the Saudis could replace that if prices move high enough to cause concern. As troubling is the unpredictability of Muammar Gaddafi and those around him. They seem more likely to go down fighting than the western leaning autocrats have been, and that is more likely to cause splintering of the country and concern similar shifts elsewhere in the region. Markets are reflecting this heightened uncertainty with continued gains for precious metals and US$ as well as oil. We expect the US$ and oil to peak before gold and its cousins do.