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October 30, 2013
Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced its financial results for the three and nine months ended September 30, 2013. Capstone posted a net loss for the quarter of $4.6 million. Operating cash flow before changes in working capital(1) was $12.7 million. Capstone ended the quarter with cash on hand of $457.0 million. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 18.9 million pounds in concentrates (18.2 million pounds of payable copper) at a C1 cash cost(1) of $1.57 per payable pound of copper produced.
Capstone will hold a conference call and webcast on Thursday, October 31, 2013 at 11:30 am Eastern Time (8:30 am Pacific Time) to discuss these results; call-in details are provided at the end of this release. This release should be read in conjunction with Capstone’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2013, which are available on Capstone’s website at:http://capstonemining.com/s/Financial_Statements.asp and on SEDAR. An updated corporate presentation, including results to September 30, 2013, will also be available athttp://capstonemining.com/s/Presentation.asp.