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Capstone Copper ( (TSE:CS) ) has shared an update.
Capstone Copper Corp. has received the DIA environmental permit for its Mantoverde Optimized project, marking a significant milestone in its expansion efforts. The project will increase throughput at the Mantoverde mine from 32,000 to 45,000 ore tonnes per day and extend the mine’s life from 19 to 25 years. This expansion is expected to add 20,000 tonnes of copper production annually with a capital investment of approximately $150 million. The permit is crucial for the project’s development and positions Capstone for transformational growth, especially when combined with the Santo Domingo project, potentially making the Mantoverde-Santo Domingo district one of the largest copper-producing areas globally. The company is committed to high safety and environmental standards and plans to update stakeholders on capital expenditures and project timelines pending board approvals.
The most recent analyst rating on (TSE:CS) stock is a Buy with a C$12.00 price target. To see the full list of analyst forecasts on Capstone Copper stock, see the TSE:CS Stock Forecast page.
Spark’s Take on TSE:CS Stock
According to Spark, TipRanks’ AI Analyst, TSE:CS is a Neutral.
Capstone Copper’s overall stock score is moderate at 60, primarily driven by strong financial performance and positive earnings call guidance. However, technical indicators suggest caution due to overbought signals, and valuation metrics point to potential overvaluation. Corporate events positively impact the outlook, enhancing financial flexibility and shareholder confidence.
To see Spark’s full report on TSE:CS stock, click here.
More about Capstone Copper
Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. It operates several copper mines, including the Pinto Valley mine in Arizona, USA, the Cozamin mine in Zacatecas, Mexico, the Mantos Blancos mine in the Antofagasta region, Chile, and holds a 70% stake in the Mantoverde copper-gold mine in the Atacama region, Chile. The company also owns the Santo Domingo copper-iron-gold project and a portfolio of exploration properties in the Americas. Capstone Copper aims to achieve transformational copper production growth through innovation, optimization, and safe production while focusing on profitability and stakeholder value.
Average Trading Volume: 2,665,799
Technical Sentiment Signal: Buy
Current Market Cap: C$6.43B
See more insights into CS stock on TipRanks’ Stock Analysis page.