VANCOUVER, June 24, 2019 /PRNewswire/ - Capstone Mining
Corp. ("Capstone") (TSX:CS) reported that operations have restarted
at its Pinto Valley mine ("Pinto Valley" or the "Mine"). Since
announcing the temporary curtailment of operations on June 20th, advancements by fire crews
have now allowed for operations to safely restart.
At over 96,000 acres, the Woodbury Fire remains a serious
concern and the Southwest Area Incident Management Team ("SAIMT")
continues to conduct operations in the area of Pinto Valley.
We remain in close contact with SAIMT to stay informed and
connected to any changes in firefighting strategy.
"We are very appreciative of the efforts of all the emergency
responders who have been battling the Woodbury Fire and for the
coordination between SAIMT and our team at Pinto Valley, which now
allows for the safe restart of operations," said Darren Pylot, President and CEO of Capstone.
"Our site has not sustained any physical damage, and there have
been no reports of any serious injuries to frontline personnel
during these intensive activities. This is a testament to the
professionalism and poise shown by all those involved in this
multi-jurisdictional emergency response effort."
Capstone does not expect that the curtailment will impact our
ability to meet operating or cost guidance at Pinto Valley. With
fire crews still conducting operations in the area to address the
ongoing risk of the Woodbury Fire, there may be some impact to
day-to-day operations at Pinto Valley. However, as containment of
the fire continues to improve, we anticipate being able to return
to normal operating levels shortly. The health and safety of our
people is our top priority and we will communicate any changes to
these plans should the need arise.
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company,
focused on copper. Our two producing mines are the Pinto Valley
copper mine located in Arizona, US
and the Cozamin polymetallic mine in Zacatecas State, Mexico. In addition, Capstone has the large
scale 70% owned copper-iron Santo
Domingo development project in Region III, Chile, in partnership with Korea Resources
Corporation, as well as a portfolio of exploration properties.
Capstone's strategy is to focus on the optimization of operations
and assets in politically stable, mining-friendly regions, centred
in the Americas. We are committed to the responsible development of
our assets and the environments in which we operate. Our
headquarters are in Vancouver,
Canada and we are listed on the Toronto Stock Exchange
(TSX). Further information is available at
www.capstonemining.com.
Cautionary Note Regarding Forward-Looking Information
This document may contain "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). These forward-looking statements are
made as of the date of this document and Capstone does not intend,
and does not assume any obligation, to update these forward-looking
statements, except as required under applicable securities
legislation.
Forward-looking statements relate to future events or future
performance and reflect our expectations or beliefs regarding
future events. Forward-looking statements include, but are not
limited to, statements with respect to the potential impact of the
Woodbury Fire on the infrastructure and operations of the Pinto
Valley Mine. In certain cases, forward-looking statements can be
identified by the use of words such as "plans", "expects",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes" or variations of such words and phrases,
or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative of these terms or comparable terminology.
In this document certain forward-looking statements are identified
by words including "will", "should", "expect" and "anticipate". By
their very nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, amongst others, risks related to inherent hazards
associated with the operation and closure of mining projects,
future prices of copper and other metals, changes in general
economic conditions, and other risks of the mining industry as well
as those factors detailed from time to time in the Company's
interim and annual financial statements and management's discussion
and analysis of those statements, all of which are filed and
available for review under the Company's profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify
important factors that could cause our actual results, performance
or achievements to differ materially from those described in our
forward-looking statements, there may be other factors that cause
our results, performance or achievements not to be as anticipated,
estimated or intended. There can be no assurance that our
forward-looking statements will prove to be accurate, as our actual
results, performance or achievements could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on our forward-looking statements.
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SOURCE Capstone Mining Corp.
