The "quick mitigation measures" that TSX-listed Capstone Mining implemented have positioned the copper miner to weather the current low price environment, without delaying its 2021 growth targets, president and CEO Darren Pylot said this week.
Like many others in the industry, the company will reduce its capital and exploration expenditure for the year by C$32-million. The miner is also targeting cost savings measures that will lower cash operating costs by about $22-million over the remainder of the year.