financetom
Business
financetom
/
Business
/
Capstone Copper Reported Temporary Production Interruption at Mantoverde Operation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Capstone Copper Reported Temporary Production Interruption at Mantoverde Operation
Sep 2, 2025 3:17 AM

06:05 AM EDT, 09/02/2025 (MT Newswires) -- Capstone Copper Corp. ( CSCCF ) over the holiday weekend reported that sulphide copper production is temporarily impacted due to a motor failure in the ball mill at the Mantoverde mine in Chile.

A statement noted that on August 24, the Mantoverde site experienced a failure of one of its two ball mill electrical drive motors. Over the next few days, it said, the team on site replaced the damaged motor with the spare in order to return to full capacity. However, on August 30th, the site experienced a failure of the second ball mill drive motor. Without an additional spare on site, this has resulted in a period of impacted production at Mantoverde, it added

Capstone said: "We estimate repairs to the ball mill motor will take approximately four weeks. During this period, we expect that Mantoverde will continue to operate at approximately half capacity through bypassing the ball mill, an operating mode for which the circuit is configured and that our team has successfully executed previously. An opportunity exists to further mitigate the effects of the interruption by rescheduling plant maintenance that had been planned for later in September to coincide with the ball mill downtime. Our team will continue to identify and execute mitigation plans, investigate the root cause of the motor failure, and advance a replacement and repair strategy to return to full capacity."

"At this time," it added, "based on an estimated four-week repair schedule while we continue to operate at half capacity during that period, we expect production to be impacted by 3,000 to 4,000 tonnes of copper in concentrate at Mantoverde. Capstone plans to provide further updates in due course."

CS was up 1.8% in Canada trade last Friday, before the Labour Day holiday weekend.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved