Key Developments: Capstone Mining Corp (CSFFF.PK)
2.18USD
17 May 2013
$-0.06 (-2.87%)
$2.24
$2.17
$2.18
$2.17
2,650
8,989
$2.95
$1.80
Latest Key Developments (Source: Significant Developments)
Capstone Mining Corp Appoints D. James Slattery As Chief Financial Officer
Capstone Mining Corp announced the appointment of Mr. D. James Slattery, as Senior Vice President and Chief Financial Officer (CFO) of Capstone. Full Article
Capstone Mining Corp Reaffirms FY 2013 Production Guidance
Capstone Mining Corp reaffirmed fiscal 2013 guidance and expects 85 million pounds (+/- 5%) of copper contained in concentrates at a cash cost of $1.65 to $1.75 per pound of payable copper, net of by-product credits and selling costs, remains unchanged. Full Article
BHP Billiton PLC Sells Pinto Valley Mining Operation and San Manuel Arizona Railroad Company to Capstone Mining Corp.
BHP Billiton PLC announced that it has signed a definitive agreement to sell its Pinto Valley mining operation (Pinto Valley) and the associated San Manuel Arizona Railroad Company (SMARRCO) to Capstone Mining Corp. (Capstone) for an aggregate cash consideration of USD 650 million. The transaction is subject to regulatory approval, and other customary conditions, and is expected to be completed in the second half of the 2013 calendar year. Under the terms of the agreement, Capstone will assume the business's environmental liabilities. BHP Billiton employees working at Pinto Valley and SMARRCO will become employees of Capstone as part of the transaction. Full Article
BHP Billiton Ltd To Sell Arizona Copper Mine Capstone Mining Corp-Reuters
Reuters reported that BHP Billiton Ltd has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million. BHP and its global mining peers have put billions of dollars worth of mines, projects and aluminium operations up for sale as they look to slash costs, cut debt and focus on their highest returning assets as commodity prices slump. Full Article
Capstone Mining Corp Reaffirms FY 2013 Production Guidance
Capstone Mining Corp announced that fiscal 2013 guidance for 85 million pounds +/- 5% of copper in concentrates, at a total cash cost of $1.65 to $1.75 per pound of payable copper, net of by-product credits and selling costs, remains unchanged. Full Article
Capstone Mining Corp Issues FY 2013 Production Guidance
Capstone Mining Corp announced that production for fiscal 2013 is expected to be of 85 million pounds (+/- 5%) of copper contained in concentrates at a total cash cost of $1.65 to $1.75 per pound of payable copper, net of by-product credits and selling costs, remains unchanged. Full Article
Capstone Mining Corp Announces TSX Acceptance of Normal Course Issuer Bid
Capstone Mining Corp announced acceptance by the Toronto Stock Exchange (the TSX) of the Company's Notice of Intention to make a Normal Course Issuer Bid (NCIB). Pursuant to the NCIB, Capstone proposes to purchase through the facilities of the TSX and other Canadian marketplaces, from time to time over the next 12 months, if considered advisable, up to an aggregate of 34,014,871, being approximately 10% of the public float of its common shares, as of December 21, 2012. Purchases may commence through the TSX on December 31, 2012 and will conclude on the earlier of the date on which purchases under the bid have been completed and December 30, 2013. As of December 21, 2012, Capstone had 381,507,382 issued and outstanding common shares. for making purchases of common shares under the NCIB on behalf of Capstone. All purchases made pursuant to the NCIB will be made through the open market through the facilities of the TSX and other Canadian marketplaces and in accordance with the rules and policies thereof. The purchase price paid for all common shares will be the prevailing market price at the time of purchase. The Company will purchase a daily maximum of 271,787 common shares, representing 25% of the average daily trading volume of 1,087,151 common shares subject to certain prescribed exemptions. Full Article
Capstone Mining Corp Reaffirms FY 2012 Production Guidance
Capstone Mining Corp reaffirmed fiscal 2012 guidance and expects 80 million pounds (+/- 5%) of copper contained in concentrates at a total cash cost of $1.55-$1.65 per pound of payable copper, net of by-product credits and selling costs, remains unchanged. Full Article
Capstone Mining Corp Announces Senior Management Change
Capstone Mining Corp announced the resignation of Mr. Tony Giardini, CA, CPA, as Sr. Vice President and Chief Financial Officer of Capstone, effective November 30, 2012. Capstone will immediately commence a search for a new Chief Financial Officer. Full Article
Capstone Mining Corp Reaffirms FY 2012 Production Guidance
Capstone Mining Corp reaffirmed fiscal 2012 production guidance of 80 million pounds of copper. Full Article
UPDATE 1-BHP Billiton sells Arizona copper mine for $650 mln
MELBOURNE, April 29 - BHP Billiton has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million, reaping far more than expected as the top global miner tightens its belt in a weaker market.
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