Capstone Mining Corp.s copper concentrate production fell
11.8 percent in the second quarter compared with the same
year-ago period, according to the company.
The Vancouver, British
Columbia-based company produced a total of 19.32 million pounds
of copper in the three months ended June 30 at its two
minesthe Cozamin copper-silver-zinc-lead mine in
Mexicos central state of Zacatecas and the Minto
copper-gold-silver mine in Canadas Yukon
territoryat a cash cost of $1.70 per pound. In the second
quarter of 2012, the company produced 21.91 million pounds of
copper at a cash cost of $1.36 per pound.
Despite the drop, both
mining operations broke mill throughput records, Capstone
president and chief executive officer Darren Pylot said in a
statement July 11.
"At Cozamin, we were
able to completely make up for the first-quarter production
shortfall and ended the quarter with production back on plan,"
he said. "At Minto, year-to-date production is on plan, and we
are adding resources to ensure we catch up mining from the pit
wall failure that occurred in the fourth quarter of 2012."
The company had slowed
production to reinforce the pit wall (
amm.com, Oct. 11).
Minto produced 7.2
million pounds of copper concentrate in the second quarter
compared with 9.77 million pounds a year earlier, while
Cozamins production dipped slightly to 12.12 million
pounds from 12.14 million pounds in the same comparison.