Capstone Copper beats Q3 revenue estimates, reiterates 2025 copper production forecast

Capstone Copper

30/10/2025 20:25

Overview

Capstone Copper Q3 2025 revenue beats analyst expectations, reaching record high

Adjusted EBITDA for Q3 2025 sets record, driven by increased sulphide copper production

Company announces joint venture partnership at Santo Domingo, enhancing project returns

Outlook

Capstone reiterates 2025 copper production guidance, trending towards lower half of 220-255kt range

Capstone expects 2025 cash costs to trend towards upper half of $2.20-$2.50/lb range

Result Drivers

SULPHIDE PRODUCTION - Increased sulphide copper production at Mantoverde and Mantos Blancos drove record adjusted EBITDA

COST REDUCTION - Lower C1 cash costs due to higher production volumes and favorable by-product credits

MV OPTIMIZED PROJECT - Sanctioning of Mantoverde Optimized project expected to increase production and extend mine life

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$598.40 mln
$555.80 mln (6 Analysts)
Q3 Adjusted Net Income
Beat
$49.40 mln
$47.20 mln (2 Analysts)
Q3 Net Income
$262.50 mln
Q3 Adjusted EBITDA
Beat
$249.20 mln
$223.10 mln (7 Analysts)
Q3 Cash Flow from Op. Activities
$231.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for Capstone Copper Corp is C$14.50, about 15% above its October 29 closing price of C$12.33

Press Release: ID:nBwbfhmV4a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)