Logotype for Capstone Copper Corp

Capstone Copper (CS) investor relations material

Capstone Copper Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Capstone Copper Corp
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Achieved record consolidated copper production of 57,400 tonnes in Q2 2025, up 40% year-over-year, with lowest cash costs to date and strong operational performance at Chilean assets.

  • Completed ramp-ups at Mantoverde and Mantos Blancos, both exceeding design throughput; Cozamin delivered steady production and low costs.

  • Completed debt refinancing and repaid Mantoverde project finance facility, enhancing financial flexibility and increasing available liquidity to over $1.1 billion.

  • Received key environmental permit for Mantoverde Optimized project, enabling imminent project commencement.

  • Launched company-wide biodiversity standard as part of ESG strategy and included in S&P/ASX 200 Index.

Financial highlights

  • Record quarterly revenue of $543.2M, driven by strong copper production and higher realized copper prices ($4.39/lb).

  • Adjusted EBITDA reached $215.6M, up 75% year-over-year; adjusted net income attributable to shareholders was $27.5M ($0.04/share), a 32% improvement year-over-year.

  • Free cash flow of approximately $95M generated in Q2; operating cash flow before working capital changes was $212.4M.

  • Net debt reduced to $691.9M from $788.1M in Q1; net debt/EBITDA ratio improved to 1.0x.

  • Available liquidity exceeded $1.1B, including $312M in cash and $795M in undrawn credit.

Outlook and guidance

  • 2025 consolidated copper production guidance reaffirmed at 220,000–255,000 tonnes at C1 cash costs of $2.20–$2.50/lb.

  • Production expected to be stronger in H2 2025, with Mantoverde, Mantos Blancos, and Cozamin tracking to upper end of guidance, offsetting Pinto Valley at lower end.

  • 2025 sustaining and expansionary capex guidance maintained at $315M, plus $210M for capitalized stripping and $25M for exploration.

  • Mantoverde Optimized project to be sanctioned imminently, funded through internal cash flows.

  • Santo Domingo partnership process advanced, with announcement expected in Q3 and project sanctioning targeted for mid-2026.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Capstone Copper earnings date

Logotype for Capstone Copper Corp
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Capstone Copper earnings date

Logotype for Capstone Copper Corp
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Capstone Copper Corp. is a Canadian-based copper producer with operations in the Americas. The company's principal business is the acquisition, exploration, and development of copper and gold deposits in United States, Canada, Mexico and Argentina. The management team is focused on advancing its strategic growth initiatives through partnering and optimization of existing assets to increase shareholder value.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage