Capstone’s Mantoverde Reaches Commercial Production; Expansion Feasibility Study Released
Capstone Mining Corp. has recently announced that its Mantoverde copper mine in Chile has achieved commercial production ahead of schedule. The company’s flagship project has undergone a successful ramp-up phase, demonstrating its potential to be a significant contributor to Capstone’s production profile.
The Mantoverde mine, acquired by Capstone in 2019, is situated in the arid Atacama region of Chile, known for its rich mineral deposits. The mine’s proximity to infrastructure, including roads, power sources, and skilled labor, has facilitated its rapid development. With this milestone, Capstone is poised to capitalize on the robust copper market, driven by global demand for clean energy and electric vehicles.
In addition to reaching commercial production, Capstone has also released an expansion feasibility study for the Mantoverde project. The study outlines a staged approach to increase the mine’s processing capacity and extend its mine life beyond the current reserve estimate. By optimizing the processing plant and leveraging existing infrastructure, Capstone aims to maximize the project’s value and generate sustained returns for its shareholders.
The expansion feasibility study includes small-scale modifications to the existing infrastructure, such as increasing the capacity of the crushing circuit and optimizing the flotation circuit. These improvements are expected to enhance the mine’s operating efficiency and reduce production costs, positioning Mantoverde as a competitive and sustainable operation in the global copper market.
Furthermore, Capstone is committed to responsible and sustainable mining practices at Mantoverde, ensuring the well-being of the local community and environment. The company prioritizes stakeholder engagement, seeking input from local communities and implementing rigorous environmental management practices. Capstone’s commitment to social responsibility is reflected in its support for local education, healthcare, and economic development initiatives.
As Capstone continues to advance the Mantoverde project, the company remains focused on creating long-term value for its stakeholders. By investing in innovation, operational excellence, and sustainable practices, Capstone is well-positioned to capitalize on the growing demand for copper and drive profitable growth in the years to come. The commercial production milestone and expansion feasibility study mark significant achievements for Capstone Mining Corp. and reinforce its position as a leading player in the global mining industry.