Capstone Mining 2016 Financial Results - 15.02.17 - News

VANCOUVER, Feb. 15, 2017

VANCOUVER, Feb. 15, 2017 /PRNewswire/ - Capstone Mining Corp. ("Capstone" or the "Company") (TSX: CS) today announced its financial results for the three months and year ended December 31, 2016. For the three months ended December 31, 2016, operating cash flow before changes in working capital¹ was $75.0 million or $0.20 per share, with a net loss of $182.4 million and adjusted net income of $30.7 million or $0.08 per share after adjusting for certain non-cash and non-recurring charges. Copper production totalled 29,900 tonnes (28,800 tonnes of payable copper) at a C1 cash cost¹ of $1.26 per payable pound produced with copper sales of 29,600 tonnes at a C1 cash cost¹ of $1.24 per payable pound sold.

For the full year ended December 31, 2016, operating cash flow before changes in working capital¹ was $156.9 million or $0.41 per share, with a net loss of $197.4 million and adjusted net income of $29.4 million or $0.08 per share after adjusting for certain non-cash and non-recurring charges. Copper production totalled 114,600 tonnes (110,700 tonnes of payable copper) at a C1 cash cost¹ of $1.44 per payable pound produced with copper sales of 110,500 tonnes at a C1 cash cost¹ of $1.53 per payable pound sold.

Capstone will hold a conference call and webcast on Thursday, February 16, 2017 at 11:30 a.m. Eastern time (8:30 a.m. Pacific time) to discuss these results; call-in details and information on associated slides are provided at the end of this release. This release should be read in conjunction with Capstone's consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2016, which are available on Capstone's website at http://capstonemining.com/investors/financial-reporting/default.aspx and on SEDAR. An updated corporate presentation, including results to December 31, 2016, and 2016 year-end webcast slides will also be available at http://capstonemining.com/investors/events-and-presentations/default.aspx.

Overview

Q4 2016

Q4 2015

ARIVA.DE Börsen-Geflüster

Kurse

Capstone Mining Corp

-

0,00%

2016

2015

Revenue ($ millions)

163.0

92.1

529.4

420.5

Copper produced (tonnes)

29,853

25,691

114,583

92,577

Payable copper produced (tonnes)

28,828

24,781

110,663

89,341

C1 cash cost per payable pound produced¹ ($/lb)

1.26

1.81

1.44

1.99

All-in cost per payable pound produced¹ ($/lb)

1.77

2.67

1.88

2.88

Fully-loaded all-in cost per payable pound produced¹ ($/lb)

1.85

2.67

1.98

2.85

Copper sold (tonnes)

29,558

22,322

110,450

87,521

Realized copper price per pound sold ($/lb)*

2.48

2.05

2.27

2.35

Adjusted realized copper price per pound sold ($/lb) **

2.35

2.26

2.28

2.43

C1 cash cost per payable pound sold¹ ($/lb)

1.24

1.82

1.53

2.00

All-in cost per payable pound sold¹ ($/lb)

1.74

2.78

1.97

2.92

Fully-loaded all-in cost per payable pound sold¹ ($/lb)

1.82

2.78

2.07

2.89

Net loss ($ millions)

(182.4)

(19.5)

(197.4)

(251.5)

Net loss attributable to shareholders ($ millions)

(125.4)

(19.3)

(140.0)

(202.7)

Net loss attributable to shareholders per common share ($)

(0.33)

(0.05)

(0.37)

(0.53)

Adjusted net income (loss)¹ ($ millions)

30.7

(8.0)

29.4

(31.9)

Adjusted net income (loss)¹ attributable to shareholders ($ millions)

30.9

(7.8)

30.0

(30.4)

Adjusted net income (loss)¹attributable to shareholders per common share ($)

0.08

(0.02)

0.08

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