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Capstone Copper Corp. (ASX:CSC)

ALERT: Price-sensitive ASX Announcement for CSC
Current share price for CSC : $15.090 3.66 (32.02%)+
Announcement
Release
30 Apr 2026 8:11AM
Price at Release
$11.430
Full Release
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Summary
Capstone Copper Corp. reported strong financial and operational results for the first quarter of 2026. The company achieved a net income attributable to shareholders of $102.5 million, compared to a net loss in the same quarter of the previous year, driven by higher realized copper prices. Copper production totaled 47,960 tonnes with C1 cash costs of $2.66 per pound, despite a 35-day strike action at the Mantoverde mine which impacted production. The company's MV Optimized Project continued as planned, aiming to increase copper production. Capstone maintained its 2026 production guidance and addressed challenges such as rising diesel and sulphuric acid costs. Exploration and expansion projects, including the Santo Domingo Project, progressed with ongoing investments.
Key Points
  • Net income attributable to shareholders was $102.5 million for Q1 2026.
  • Copper production in Q1 2026 was 47,960 tonnes.
  • C1 cash costs were $2.66 per pound in Q1 2026.
  • Mantoverde mine faced a 35-day strike, impacting production.
  • MV Optimized Project is on schedule for increased production.
  • 2026 production guidance remains unchanged.
  • Cost pressures from diesel and sulphuric acid identified.
  • Santo Domingo Project and other expansions are progressing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.