Capstone Copper ( (TSE:CS) ) has issued an update.
Capstone Copper Corp. announced a $500 million offering of senior notes due 2033 to refinance debt and support corporate purposes. This move aims to strengthen the company’s financial position by repaying project financing debt and reducing its revolving credit facility, potentially enhancing its operational flexibility and market competitiveness.
More about Capstone Copper
Capstone Copper Corp. is a Vancouver-based copper mining company with operations in the Americas. It operates the Pinto Valley mine in Arizona, Cozamin mine in Mexico, Mantos Blancos mine in Chile, and holds a majority stake in the Mantoverde mine in Chile. The company also owns the Santo Domingo project and several exploration properties. Capstone focuses on copper production growth, cost optimization, and responsible production to deliver value to stakeholders.
YTD Price Performance: -1.30%
Average Trading Volume: 165,383
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.48B
See more data about CS stock on TipRanks’ Stock Analysis page.