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Capstone Copper initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Capstone Copper (CSCCF) with a Neutral rating and C$8 price target The firm sees the attractiveness of its estimated 22% in 2024-2030 copper production growth in a “business friendly” jurisdiction, but flags some execution risks on a series of debottlenecking projects and uncertainties around funding for Capstone’s major Santo Domingo project.

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