Capstone Copper beats Q3 revenue estimates, reiterates 2025 copper production forecast

Overview

• Capstone Copper Q3 2025 revenue beats analyst expectations, reaching record high

• Adjusted EBITDA for Q3 2025 sets record, driven by increased sulphide copper production

• Company announces joint venture partnership at Santo Domingo, enhancing project returns

Outlook

• Capstone reiterates 2025 copper production guidance, trending towards lower half of 220-255kt range

• Capstone expects 2025 cash costs to trend towards upper half of $2.20-$2.50/lb range

Result Drivers

• SULPHIDE PRODUCTION - Increased sulphide copper production at Mantoverde and Mantos Blancos drove record adjusted EBITDA

• COST REDUCTION - Lower C1 cash costs due to higher production volumes and favorable by-product credits

• MV OPTIMIZED PROJECT - Sanctioning of Mantoverde Optimized project expected to increase production and extend mine life

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialty mining & metals peer group is "buy"

• Wall Street's median 12-month price target for Capstone Copper Corp is C$14.50, about 15% above its October 29 closing price of C$12.33

Press Release: ID:nBwbfhmV4a

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