{"id":2165,"date":"2022-03-23T15:14:27","date_gmt":"2022-03-23T15:14:27","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=2165"},"modified":"2022-03-23T15:14:29","modified_gmt":"2022-03-23T15:14:29","slug":"capstone-mantos-close-deal-introducing-capstone-copper","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2022\/03\/23\/capstone-mantos-close-deal-introducing-capstone-copper\/","title":{"rendered":"Capstone, Mantos close deal; introducing Capstone Copper"},"content":{"rendered":"\n

Canada\u2019s Capstone Mining and Chilean miner Mantos Copper, which confirmed last December its plans to merge and create a new Americas-focused company, have completed the transaction and have officially unveiled Capstone Copper to the market.<\/p>\n\n\n\n\n\n\n\n

All regulatory approvals have been received and all closing conditions have been satisfied, the two said, with the new Capstone Copper headquarters in Vancouver, British Columbia.<\/p>\n\n\n

\"\"<\/p>\n\n\n

Capstone Copper\u2019s newly constituted board of directors consists of George Brack as lead independent director; Darren Pylot as executive chair; John MacKenzie as CEO and director; Alison Baker; Bob Gallagher; Anne Giardini; Peter Meredith; and Istvan Zollei.<\/p>\n\n\n\n

The new company\u2019s portfolio will include Pinto Valley in the U.S., Cozamin in Mexico and Chilean mines Santo Domingo, Mantoverde and Mantos Blancos. The now-merged companies said last December that its combined production base for this year is expected to be about 175,000 tonnes with joint reserves of approximately 4.9 million tonnes.<\/p>\n\n\n\n

Looking ahead, the two said on December 1, 2021, the miners are eyeing over 45% production growth by 2024 to about 260,000 tonnes of copper annually from Mantos Blancos, which is currently ramping up, and Mantoverde, which is now under construction.<\/p>\n\n\n\n

It is also targeting further transformational growth of approximately 45% to about 380,000 tonnes of copper per year from the development of Santo Domingo.<\/p>\n\n\n\n

\u201cThis company has the makings of becoming a Canadian-based copper champion driven by our long-life assets, our experienced management team, and our strong balance sheet\u201d, MacKenzie said.<\/p>\n\n\n\n

\u201cOur shared principles in expansion, innovation, optimization and safe copper production will remain central to our strategy and set the stage for a successful integration process.\u201d<\/p>\n\n\n\n

Source: Capstone Copper<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Canada\u2019s Capstone Mining and Chilean miner Mantos Copper, which confirmed last December its plans to merge and create a new Americas-focused company, have completed the transaction and have officially unveiled Capstone Copper to the market.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[1010,712,644,775,679],"coauthors":[],"class_list":["post-2165","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-capstone-copper","tag-capstone-mining","tag-copper","tag-mantos-copper","tag-merger"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t