Record Copper Production
In Q2 2025, Capstone Copper achieved record copper production of 57,400 tonnes, marking a 34% increase compared to the first half of the previous year.
Decreased Cash Costs
C1 cash costs reached $2.45 per pound, a 5% decrease from the previous quarter and a 13% decrease compared to Q2 2024.
Strong Financial Position
Capstone Copper reported record quarterly revenue of $543 million and adjusted EBITDA of $215 million, a 75% increase year-over-year.
Improved Liquidity and Debt Reduction
The company ended Q2 with liquidity over $1 billion and reduced net debt from $788 million in Q1 to $692 million, leading to a net debt-to-EBITDA ratio of 1x.
Mantoverde and Mantos Blancos Achievements
Both sites achieved average throughputs above their design rates, with Mantoverde reaching record production and cash costs of $1.51 per pound from sulfides.
Mantoverde Optimized Permit
Capstone received the Mantoverde Optimized permit, allowing throughput increase from 32,000 to 45,000 tonnes per day.