"This is a transformational year for Capstone as we ramp-up our new Mantos Blancos mill, construct the Mantoverde sulphides project and deliver a District Integration Plan for Santo Domingo with Mantoverde," Capstone Copper's CEO John Mackenzie said.
Production levels from 2021 showed that the company would have had a copper production base of over 175,000t for that year.
Capstone Copper was created following a merger between Capstone Mining and Mantos Copper which was completed in March.
The company also announced C1 cash costs guidance for the nine-months of US$2.55-$2.70 per pound of copper.
In Q1, the company's copper production was 22,500t with C1 cash costs of $2.31 per lb. Capstone's adjusted net income for the period was C$61.1 million, or C$0.14 per share.
The company's share price rose by 4% day on day on May 15 to C$4.64 (US$3.58). The company has a market capitalization of C$3.2 billion.
