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The latest update is out from Capstone Copper ( (TSE:CS) ).
Capstone Copper Corp. announced the successful pricing and upsizing of its senior notes offering to $600 million, up from the initially planned $500 million. The proceeds will be used to repay project financing debt at its Mantoverde subsidiary, reduce debt on its senior secured revolving credit facility, and for general corporate purposes. This move is part of Capstone’s strategy to optimize its financial structure and support its growth initiatives in the copper mining sector.
More about Capstone Copper
Capstone Copper Corp. is a Vancouver-based copper mining company with operations in the Americas, including the Pinto Valley copper mine in Arizona, USA, the Cozamin copper-silver mine in Mexico, the Mantos Blancos copper-silver mine in Chile, and a majority stake in the Mantoverde copper-gold mine in Chile. The company also owns the Santo Domingo copper-iron-gold project in Chile and a portfolio of exploration properties. Capstone Copper focuses on transformational copper production growth, operational improvements, and responsible production to deliver value to stakeholders.
YTD Price Performance: -1.30%
Average Trading Volume: 165,383
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.48B
Find detailed analytics on CS stock on TipRanks’ Stock Analysis page.