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Capstone Copper ( (TSE:CS) ) has provided an update.
Capstone Copper has temporarily halted sulphide operations and is preparing to suspend oxide production at its Mantoverde mine in Chile after a strike by Union #2 escalated into an incident at the company’s remote desalination plant, where individuals interfered with the electrical system and cut off the water supply needed for the mine. Striking workers are blocking access to the desalination facilities, forcing Mantoverde to rely on limited on-site water reserves for essential services, while the company seeks court support to regain access and restart the plant, and continues to call for constructive dialogue with the union as it attempts to safeguard operations, uphold legal procedures and maintain its commitment to safe and responsible mining for employees and surrounding communities.
The most recent analyst rating on (TSE:CS) stock is a Buy with a C$18.00 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 Outperform.
Capstone Copper’s strong technical indicators and robust earnings performance drive a positive outlook. However, the stock’s valuation and operational challenges, particularly at Mantoverde and Pinto Valley, suggest caution. The company’s focus on strategic growth and operational efficiency supports a moderately optimistic view.
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, with operating mines in the United States, Mexico and Chile, including the Pinto Valley, Cozamin, Mantos Blancos and Mantoverde operations, and a growth pipeline led by the fully permitted Santo Domingo copper-iron-gold project in Chile, alongside additional exploration properties across the region.
Average Trading Volume: 4,216,298
Technical Sentiment Signal: Buy
Current Market Cap: C$10.86B
For detailed information about CS stock, go to TipRanks’ Stock Analysis page.