Sunday, November 09, 2014 10:27:10 AM
Some recent news from analyst Daniel Earle:
Capstone reported Q3/14 financial results yesterday evening following the pre-release of production results on October 7
Daniel Earle estimated adjusted EPS of $0.03, below both TD at $0.05 and consensus of $0.06; the miss was due to a lower realized copper price and slightly higher treatment and selling costs versus Daniel Earle's estimates
CFPS of $0.15 was in line with both TD and consensus of $0.15
Copper production from the Cozamin, Pinto Valley and Minto mines totaled 26.2 kt at net cash costs of $1.84/lb in Q3/14; net cash costs were slightly lower than Daniel Earle's estimate of $1.89/lb due to lower unit costs at Minto
Guidance for 2014 remains unchanged at approximately 102 kt of copper at net cash costs of $1.90-$2.00/lb
The impact has been neutral.
Pinto Valley produced 15,819 tonnes of copper in concentrates and 650 tonnes of copper cathode at cash costs of $1.90/lb, in line with Daniel Earle's estimate of $1.89/lb.
As a reminder, on September 5 Capstone announced the launch of $300mm of Senior Notes maturing in 2022, to repay its two existing credit facilities, however due to weak general market conditions for debt financing, the company discontinued the effort.
Recent CS News
- Capstone Copper Files Technical Report for Santo Domingo Project • Business Wire • 09/13/2024 09:29:00 PM
- Capstone Copper Announces Inclusion in the S&P/ASX 300 Index • Business Wire • 09/06/2024 10:30:00 AM
- Capstone Copper Reports Second Quarter 2024 Results • Business Wire • 08/01/2024 08:16:00 PM
- Capstone Announces Updated Santo Domingo Feasibility Study – Building a World Class District in Chile • Business Wire • 07/31/2024 10:03:00 PM
- Capstone Copper to Release Second Quarter Results on August 1, 2024 • Business Wire • 07/08/2024 09:30:00 PM
- Capstone Copper Announces First Saleable Copper Concentrate at MVDP in Chile • Business Wire • 06/25/2024 08:30:00 PM
- Capstone Copper Announces Retirement of Robert Gallagher from the Board of Directors • Business Wire • 05/31/2024 10:00:00 PM
- CoinShares Announces Q1 2024 Results: Achieving Its Most Successful Quarter in Company History • PR Newswire (US) • 05/14/2024 05:00:00 AM
- Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs") • PR Newswire (US) • 05/08/2024 12:30:00 PM
- Capstone Copper Announces 2024 Annual General and Special Meeting Results • Business Wire • 05/03/2024 09:30:00 PM
- Capstone Copper Reports First Quarter 2024 Results • Business Wire • 05/02/2024 08:15:00 PM
- Capstone Copper Provides MVDP Commissioning Update; First Quarter 2024 Results to be Released on May 2, 2024 • Business Wire • 04/09/2024 09:00:00 PM
- Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs") • PR Newswire (US) • 04/05/2024 12:30:00 PM
- Orion Undertakes A$593 Million Sale of Capstone CDIs on the ASX • Business Wire • 04/05/2024 11:07:00 AM
- Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs") • PR Newswire (US) • 03/06/2024 01:30:00 PM
- Capstone Copper Reports Fourth Quarter 2023 Results • Business Wire • 02/22/2024 11:00:00 AM
- Capstone Copper and Orion Announce Closing of C$431 Million Bought Deal • Business Wire • 02/08/2024 02:03:00 PM
- Capstone Copper Commences Trading on the Australian Securities Exchange • Business Wire • 02/02/2024 11:00:00 PM
- Capstone Copper Announces Time Change for Fourth Quarter Results Conference Call on February 22, 2024 • Business Wire • 01/29/2024 11:00:00 PM
- Capstone Copper Provides 2024 Guidance and Announces 2023 Production Results • Business Wire • 01/24/2024 11:00:00 AM
- Capstone Copper Announces Commissioning Activities Underway at MVDP and Provides Corporate Update • Business Wire • 12/21/2023 01:33:00 AM
- Capstone Copper Publishes 2022 Sustainability Report • Business Wire • 12/04/2023 12:00:00 PM
- Capstone Copper Reports Third Quarter 2023 Results • Business Wire • 11/03/2023 10:00:00 AM
- Credit Suisse Announces the Acceleration at its Option of its Previously Delisted VelocityShares™ ETNs • PR Newswire (US) • 10/19/2023 12:15:00 PM
- Capstone Copper to Release Third Quarter Results on November 3, 2023 • Business Wire • 10/05/2023 09:00:00 PM
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