Capstone Copper Announces Labour Agreement at Mantoverde Operation

Executive Summary

• Capstone Copper announced that Union #2 at the Mantoverde Mine in Chile has ratified a new three‑year collective bargaining agreement, ending the strike that began on January 2.
• The settlement now extends to all four unions at Mantoverde, allowing the mine to resume full operations and move beyond the reduced ~55% production level experienced during the work stoppage.
• The company emphasizes its focus on safe, responsible mining and expects a return to normal output levels, which is material to its near‑term production guidance and cash flow.

Key Details

• Strike Resolution: Union #2 ratified a three‑year collective bargaining agreement, ending the strike that started on 2026‑01‑02.
• Full Union Coverage: Subsequent agreements have been reached with the remaining three unions, resulting in comprehensive labour peace at Mantoverde.
• Production Impact: During the strike, Mantoverde operated at approximately 55 % of normal production; full operations are expected to resume shortly.
• Operational Focus: Capstone will prioritize safety and responsible mining practices as it ramps back up to pre‑strike output levels.
• Strategic Implication: The resolution removes a significant operational risk, supporting the company’s broader growth strategy and capital allocation plans.

Notable Quotes

(No direct quotes were provided in the release.)