Capstone mulling potential buys
Mar 18, 2013 | 01:34 PM
| Suzy Waite
Tags
Capstone Mining,
Darren Pylot,
copper,
copper production,
earnings results,
Suzy Waite
NEW YORK — Capstone Mining Corp. is mulling potential acquisitions, president and chief executive officer Darren Pylot said as the copper producer’s earnings held mostly steady in 2012.
"The ability to deploy our balance sheet on opportunistic acquisitions provides Capstone with the flexibility to grow our short-term production profile and advance the company to the next level," he said in a statement.
The Vancouver, British Columbia-based company will consider companies with production of 50 million to 125 million pounds, with a cost ranging from $100 million to $600 million, Pylot told analysts during an earnings call.....
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