Capstone reports Q3 loss, revenues up
Published Thursday November 12th, 2009
VANCOUVER, B.C. - Capstone Mining Corp. (TSX:CX) swung to a loss in the third quarter but saw sales rise on higher metal prices and volumes.
The Vancouver-based company, which reports in U.S. dollars, said it lost $10.3 million or five cents per share in the third quarter ended Sept. 30.
That compared to a profit of $82 million or 97 cents per share for the same quarter last year.
Capstone said the recent quarter included a $38 million loss on derivatives.
Adjusted net earnings were $18.1 million or nine cents per share, after certain non-cash and one-time items.
Net revenue was $70.2 million in the third quarter, compared to $53 million for the same time last year.
Capstone owns the Cozamin copper-silver-zinc-lead mine in Mexico and the Minto copper-gold-silver mine in the Yukon.
Disabled
Search Articles
More CE Network Sites & Partners:
