Capstone Copper Corp ( (CSCCF) ) has released its Q1 earnings. Here is a breakdown of the information Capstone Copper Corp presented to its investors.
Capstone Copper Corp is a mining company primarily engaged in the production of copper, with operations in top-tier jurisdictions in the Americas, focusing on both sulphide and cathode copper production.
In its first-quarter earnings report for 2025, Capstone Copper Corp announced record revenues and adjusted EBITDA, driven by increased sulphide copper production and higher copper prices. The company highlighted its strong operational performance and strategic initiatives aimed at sustaining growth and enhancing financial stability.
Key financial metrics for Q1 2025 include a consolidated copper production of 53,796 tonnes, a 28% increase from the previous year, with C1 cash costs reduced to $2.59 per pound. Despite a net loss attributable to shareholders of $6.8 million, the company achieved an adjusted net income of $8.1 million. The successful ramp-up of operations at Mantoverde and Mantos Blancos contributed significantly to these results, with Mantoverde sulphides producing copper at notably lower costs.
Capstone Copper’s strategic moves included the issuance of $600 million in senior unsecured notes to refinance debt and the repurchase of a royalty on the Santo Domingo project. The company also reaffirmed its 2025 guidance for copper production and capital expenditures, emphasizing its commitment to operational efficiency and growth.
Looking ahead, Capstone Copper remains focused on advancing its growth projects, including potential expansions at Mantoverde and Mantos Blancos, while maintaining a strong financial position to navigate market uncertainties and capitalize on future opportunities.