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Highlights
- Record revenue of $533.3 million for Q1
- Copper production up 28% year-over-year
- FY2025 guidance reaffirmed for output and capital spending
Capstone Copper (TSE:CS) has reported a record revenue performance of $533.3 million for the March 2025 quarter, marking a major milestone for the company driven by robust copper output from its key operations in Chile. The company credited higher production at its Mantoverde and Mantos Blancos mines for the substantial jump in earnings.
The quarterly copper production reached 53,796 tonnes, significantly higher than the 42,121 tonnes produced in the same quarter last year—an increase of approximately 28%. The mining company has maintained its full-year production forecast in the range of 220,000 to 255,000 tonnes, signaling continued confidence in its operational performance and growth momentum.
Additionally, Capstone Copper has reaffirmed its capital expenditure guidance for the year at $315 million, aligning with its longer-term strategy to strengthen its asset base and improve output efficiency across its portfolio.
Despite the solid revenue figures and operational gains, the company recorded a net loss of $6.8 million for the quarter, compared to a $4.8 million net loss in the corresponding period a year earlier. This increase in net loss is attributed to elevated operational costs and other non-cash expenses, which the company continues to manage strategically.
The strong production figures come at a time when copper prices remain a key focus in global commodity markets, driven by the ongoing demand for critical minerals used in electrification and renewable energy infrastructure. Capstone’s performance also reflects broader trends within the resource-heavy sectors of the ASX200, where miners have been central to market movements.
With sustained output and infrastructure investments, companies like Capstone Copper are increasingly drawing attention within portfolios looking for long-term growth and exposure to critical resources. While Capstone is listed on the Toronto Stock Exchange, its operational exposure to South America positions it among global players shaping the commodity narrative.
For investors navigating the broader resource sector landscape, particularly those exploring options in ASX dividend stocks, Capstone’s recent performance highlights the potential value of production-driven strategies, even amid fluctuating earnings in the short term.
Looking ahead, continued production growth and disciplined capital allocation are expected to be key drivers of performance for Capstone Copper in 2025 and beyond.
