Capstone Copper Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $712.0 million, up 19% year-over-year
- ➤Record adjusted EBITDA $358.3 million, eighth straight quarterly record
- ➤2026 copper production expected at low end of 200,000-230,000-tonne guidance
- ➤2026 C1 cash costs expected at high end of $2.45-$2.75/lb guidance
- ➤Net debt fell to $564.0 million from $780.1 million at year-end 2025
Expert Statements
Cashel Meagher, President and CEO of Capstone Copper
“The third quarter was a period of significant progress for Capstone. We completed the sulphide concentrator tie-in for our Mantoverde Optimized Project, entered into a definitive agreement to divest Cozamin, which will optimize our portfolio and further strengthen our balance sheet, and continued to consolidate the world-class Mantoverde-Santo Domingo district with the acquisition of San Pietro.”
Cashel Meagher, President and CEO of Capstone Copper
“We delivered a solid quarter of financial performance supported by robust copper prices, with 45,218 tonnes of copper production and record adjusted EBITDA(1) for the eighth straight quarter.”
Cashel Meagher, President and CEO of Capstone Copper
“Year-to-date, we have generated approximately $279 million in free cash flow from operations(1), which has contributed to a reduction in our net debt leverage. With a streamlined portfolio, strengthened balance sheet and peer-leading organic growth pipeline, Capstone is well positioned to deliver transformational copper growth and lasting value for our shareholders.”
Capstone Copper Corp. (“Capstone” or the “Company”) (TSX: CS) (ASX: CSC) today reported financial results for the three and nine months ended September 30, 2026 (“Q3 2026”). Link H ERE for Capstone’s Q3 2026 webcast presentation. Unless otherwise stated, results are presented in United States dollars on a 100% basis.
Cashel Meagher, President and CEO of Capstone, commented: "The third quarter was a period of significant progress for Capstone. We completed the sulphide concentrator tie-in for our Mantoverde Optimized Project, entered into a definitive agreement to divest Cozamin, which will optimize our portfolio and further strengthen our balance sheet, and continued to consolidate the world-class Mantoverde-Santo Domingo district with the acquisition of San Pietro.
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