Capstone Copper Corp. (“Capstone”, “CS” or the “Company”)
(TSX: CS) (ASX: CSC) today announced that the CHESS Depositary
Interests (“CDI”) of the Company will be added to the Standard
& Poors (“S&P”)/ASX 300 Index by the S&P Dow Jones
effective prior to ASX market opening on September 23, 2024.
John MacKenzie, Capstone’s CEO, commented, “We are very pleased
to have been included in the S&P/ASX 300 Index as part of the
September rebalance. Inclusion in this index recognizes the early
success of our secondary listing in Australia, highlighted by our
growing CDI market capitalization and robust trading liquidity on
the ASX. We look forward to continuing to engage with investment
analysts, institutional fund managers, and, more broadly, investors
in the Asia Pacific region.”
The S&P/ASX 300 is designed to provide investors with broad
exposure to the Australian equity market. The index measures up to
300 of Australia's largest securities by float-adjusted market
capitalization and covers the large-cap, mid-cap, and small-cap
components of the S&P/ASX Index Series.
Capstone’s CDIs commenced trading on the ASX under the ticker
symbol CSC on February 2, 2024. Each CDI represents one fully paid
share of common stock of Capstone Copper.
About Capstone Copper
Corp.
Capstone Copper Corp. is an Americas-focused copper mining
company headquartered in Vancouver, Canada. We own and operate the
Pinto Valley copper mine located in Arizona, USA, the Cozamin
copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos
copper-silver mine located in the Antofagasta region, Chile, and
70% of the Mantoverde copper-gold mine, located in the Atacama
region, Chile. In addition, we own the fully permitted Santo
Domingo copper-iron-gold project, located approximately 30
kilometres northeast of Mantoverde in the Atacama region, Chile, as
well as a portfolio of exploration properties in the Americas.
Capstone Copper’s strategy is to unlock transformational copper
production growth while executing on cost and operational
improvements through innovation, optimization and safe and
responsible production throughout our portfolio of assets. We focus
on profitability and disciplined capital allocation to surface
stakeholder value. We are committed to creating a positive impact
in the lives of our people and local communities, while delivering
compelling returns to investors by sustainably producing copper to
meet the world’s growing needs.
Further information is available at www.capstonecopper.com
Cautionary Note Regarding
Forward-Looking Statements
This document may contain “forward-looking information” within
the meaning of Canadian securities legislation and “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
“forward-looking statements”). These forward-looking statements are
made as of the date of this document and the Company does not
intend, and does not assume any obligation, to update these
forward-looking statements, except as required under applicable
securities legislation.
Forward-looking statements relate to future events or future
performance and reflect Company management's expectations or
beliefs regarding future events and include, but are not limited
to, statements with respect to the estimation of mineral reserves
and mineral resources, the conversion of mineral resources to
mineral reserves, the ability to successfully complete the
strategic review process, the ability to further enhance the value
of the project, the expected timing for commencement of
construction of the Santo Domingo project, the future validity of
the DL600, our ability to fund future exploration activities, the
market for project debt, Capstone's ability to raise its equity
contribution to the project, the realization of mineral reserve
estimates, the timing and amount of estimated future production,
costs of production, capital and construction expenditures, success
of mining operations, success of mineral exploration, environmental
risks, the timing of the receipt of permits, the timing and terms
of a power purchase agreement, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. In
certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "outlook", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. In this document
certain forward-looking statements are identified by words
including “explore”, “potential”, “will”, "scheduled", "plan",
"planned", "estimates", “estimated”, “estimate”, "projections",
"projected", “await receipt” and "expected". Forward-looking
statements are based on a number of assumptions which may prove
incorrect, including, but not limited to, the development potential
of the Santo Domingo project and current and future commodity
prices and exchange rates. By their very nature forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, among others,
changes in project parameters as plans continue to be refined;
future prices of commodities; possible variations in mineral
resources and reserves, grade or recovery rates; accidents;
dependence on key personnel; labour pool constraints; labour
disputes; availability of infrastructure required for the
development of mining projects; delays in obtaining governmental
approvals, financing or in the completion of development or
construction activities; objections by the communities or
environmental lobby of the Santo Domingo mine and associated
infrastructure and other risks of the mining industry as well as
those factors detailed from time to time in the Company's interim
and annual financial statements and management's discussion and
analysis of those statements, all of which are filed and available
for review on SEDAR+ at www.sedarplus.ca. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240906109731/en/
Jerrold Annett, SVP, Strategy & Capital Markets 647-273-7351
jannett@capstonecopper.com Daniel Sampieri, Director, Investor
Relations & Strategic Analysis 437-788-1767
dsampieri@capstonecopper.com Michael Slifirski, Director, Investor
Relations, APAC Region 61-412-251-818
mslifirski@capstonecopper.com
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