Capstone Mining 2017 Operating and Capital Guidance

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Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today provided its operating and capital expenditure guidance for 2017 along with a five-year outlook. In 2017, Capstone expects to produce 94,000 tonnes (±5%) of copper from its Pinto Valley, Cozamin and Minto mines at a C1 cash cost (1,2) of $1.60 to $1.70 per pound of payable copper produced. Capital expenditures for 2017, including $30 million of capitalized stripping, are expected to be $67 million or $0.33 per pound of payable copper produced. Consolidated all-in cost guidance is $2.15 to $2.25 per pound of payable copper produced. The subsequent four-year outlook is included to illustrate the overall trend of our existing operations, excluding any further growth through project development or acquisition. “Despite the recent copper price momentum, our 2017 operating plan and five-year outlook takes a conservative stance on metal prices while focusing on further cost efficiencies at our existing operations,” said Darren Pylot, Capstone President and CEO. “We are looking forward to our 2017 opportunities, including building on the operating success at Pinto Valley, extension of mining activities at Minto and the zinc potential at Cozamin.”

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