The earnings call presented a generally positive outlook, driven by record copper production and successful ramp-ups at Mantoverde and Mantos Blancos. Financial performance was strong, with significant deleveraging and improved cash costs. However, operational issues at Pinto Valley and delayed copper sales presented notable challenges.
Company Guidance
During Capstone Copper's fourth-quarter 2024 results conference call, the company provided guidance for 2025, targeting copper production between 220,000 to 255,000 tonnes and cash costs ranging from $2.20 to $2.50 per pound. The company's key priorities for 2025 include operational execution across its portfolio, advancing the Mantoverde Optimized project, and further deleveraging its balance sheet. In Q4 2024, Capstone achieved record consolidated copper production of 53,900 tonnes at a consolidated C1 cash cost of $2.56 per pound, contributing to a total annual production of 184,500 tonnes. The company also reported a reduction in net debt by $185 million compared to 2023, achieving a net debt-to-EBITDA ratio of 1.5x by year-end. Looking forward, Capstone plans to advance its pipeline of organic growth opportunities while maintaining a focus on operational excellence.
Record Copper Production
Capstone Copper achieved record consolidated copper production of 53,900 tonnes in Q4 2024, with full-year production reaching 184,500 tonnes, a 12% increase compared to 2023.
Successful Ramp-Up at Mantoverde and Mantos Blancos
Mantoverde achieved commercial production levels and exceeded nameplate throughput capacity, while Mantos Blancos unlocked design mill capacity and sustained above-target throughput levels.
Financial Strength and Deleveraging
Net debt reduced by $185 million compared to 2023 with a reduction of net debt-to-EBITDA ratio from 3.6x to 1.5x by year-end 2024.
Improved Cash Costs
Consolidated C1 cash costs decreased to $2.56 per pound in Q4, with Mantoverde and Mantos Blancos showing significant reductions in cash costs.
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Capstone Copper (TSE:CS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 19, 2025
C$8.18
C$8.74
+6.85%
Oct 31, 2024
C$9.63
C$9.74
+1.14%
Aug 01, 2024
C$8.87
C$8.70
-1.92%
May 02, 2024
C$9.40
C$9.95
+5.85%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Capstone Copper (TSE:CS) report earnings?
Capstone Copper (TSE:CS) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Capstone Copper (TSE:CS) earnings time?
Capstone Copper (TSE:CS) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.