Capstone Copper resumes operations at Mantoverde mine

Executive Summary

• Capstone Copper Corp. has resumed operations at its Mantoverde mine in Chile following a production interruption caused by the inability to access and operate the desalination plant.
• The company expects to maintain production levels between 50% and 75% of normal capacity during the ongoing strike by Union No. 2.
• Union No. 2, representing approximately 22% of the workforce, continues its strike which began on January 2; Capstone remains open to dialogue and is adhering to legal procedures.

Key Details

• Operational Status: Operations at the Mantoverde mine have resumed after being interrupted due to access issues with the desalination plant.
• Production Guidance: The company reaffirms expectations to operate at 50% to 75% of normal production levels during the strike period.
• Labor Dispute: Union No. 2 at Mantoverde continues a strike that commenced on January 2.
• Workforce Impact: Union No. 2 represents approximately 22% of the total workforce at the mine.
• Company Stance: Capstone Copper remains willing to engage in discussions to resolve the dispute, respects employee rights, and is providing requested information to authorities.

Notable Quotes

• "Capstone Copper remains willing to engage in discussions to seek a resolution with union No. 2."
• "The company will continue to adhere to legal procedures, respecting the rights of all its employees, inviting the union to engage in a constructive dialogue and providing the authorities with all requested information."