Capstone profits dip on low copper prices

Jul 31, 2013 | 01:20 PM | Everdeen Mason

Tags  Capstone Mining, earnings report, copper, Minto, Cozamin, Darren Pylot, Everdeen Mason

NEW YORK — Capstone Mining Corp.’s earnings and sales fell in the second quarter as a result of lower copper prices, the company said July 30.

The Vancouver, British Columbia-based mining company posted net income of $9.2 million for the three months ended June 30, down 20.7 percent from $11.6 million in the same period last year on sales that fell 16.2 percent to $58.3 million.

The company earned $13.5 million from its Cozamin copper-silver-zinc-lead mine in Mexico’s central state of Zacatecas and the Minto copper-gold-silver mine in the Yukon Territory.....

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