- Capstone Copper Corp. (CS) has amended and extended its revolving credit facility to $500 million plus $100 million accordion
- Capstone is an Americas-focused copper mining company headquartered in Vancouver
- The revolving credit facility has also been extended until May 12th, 2026
- It will repay the existing debt facility with Glencore Chile SpA after the facility closes
- Capstone Copper Corp. (CS) is down 0.79 per cent and is trading at $2.52 per share as of 2:12 p.m. ET
Capstone Copper Corp. (CS) has amended and extended its revolving credit facility from $225 million to $500 million plus a $100 million accordion.
Capstone is an Americas-focused copper mining company headquartered in Vancouver.
“The successful closing of our amended revolving credit facility, which has been right-sized for Capstone Copper along with improved terms and conditions will provide greater financial flexibility to support the execution of our future growth projects,” Raman Randhawa, Capstone’s Senior Vice President and CFO, said.
The revolving credit facility has also been extended to May 12th, 2026.
Capstone stated that once the facility has closed, it will repay the existing debt facility with Glencore Chile SpA. The debt facility was previously raised in connection with the Mantos Blancos Concentrator Development Project.
“In the near-term, our balance sheet and overall financial liquidity remains very strong to complete the construction and commissioning of our Mantoverde Development Project which is advancing well,” Randhawa said.
Capstone shared its strategy is to tap into copper production growth while executing on cost and operational improvements through innovation, optimization, and safe and responsible production throughout our portfolio of assets.
Capstone Copper Corp. (CS) is down 0.79 per cent and is trading at $2.52 per share as of 2:12 p.m. ET.