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  5. CS: Any thoughts on today's news from the company? [Capstone Copper Corp.]
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Q: Any thoughts on today's news from the company?
Asked by David on January 25, 2024
5i Research Answer:

CS stated that it had achieved its production guidance for the full year of 2023. CS CEO stated, "The fourth quarter was our best of the year, with consolidated production up 10% and cash costs down approximately 7% quarter-over-quarter, setting us up well for a strong 2024." In 2024, CS plans to spend $275M in sustaining and expansionary capital expenditures at its operating mines. The news certainly looks positive and the market appears to have liked it. Analysts at National Bank noted 2024 will be a 'tale of two halves' due to the ramp-up of Mantoverde. 

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