Capstone Copper Q4 revenue beats estimates

Capstone Copper

02/03/2026 21:26

Overview

Copper producer's Q4 revenue reached record high, beating analyst expectations

Adjusted EBITDA for Q4 missed analyst estimates despite record copper production

Company achieved record low C1 cash costs in Q4 2025

Outlook

Capstone Copper forecasts 2026 production of 200,000 to 230,000 tonnes of copper

Company expects 2026 C1 cash costs of $2.45 to $2.75 per payable pound

Capstone plans $495 mln in sustaining and expansionary capital expenditures in 2026

Result Drivers

RECORD COPPER PRODUCTION - Q4 2025 copper production reached record levels due to operational improvements at Mantoverde and Mantos Blancos

LOWER CASH COSTS - Q4 2025 C1 cash costs decreased due to higher by-product credits and reduced operating costs

Company press release: ID:nBw5gzs35a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$685 mln
$654.27 mln (9 Analysts)
Q4 Adjusted Net Income
Miss
$78.70 mln
$96.61 mln (3 Analysts)
Q4 Net Income
$58.40 mln
Q4 Adjusted EBITDA
Miss
$308 mln
$311.92 mln (14 Analysts)
Q4 Cash Flow from Op. Activities
$287.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "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$16.50, about 16.9% above its February 27 closing price of C$14.11

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)