Capstone Copper Completes Acquisition of San Pietro Copper Concessions, Consolidating the Mantoverde-Santo Domingo Copper District
Capstone acquires San Pietro concessions to consolidate its Atacama copper district operations.
Capstone Copper Corp. (CS) has completed the acquisition of the San Pietro copper-gold-iron-cobalt project in Chile’s Atacama Region from New Golden Exploration Chile SpA. The transaction consideration consists of 2,034,970 Capstone shares valued at C$15.77 per share, totaling approximately $25 million USD.
The deal adds approximately 16,000 hectares of land and significant mineral inventory to Capstone’s district-scale position. The acquired assets include the Rincones and Colla deposits, which host an NI 43-101 Inferred Mineral Resource of 492 million tonnes grading 0.23% copper, 0.05 g/t gold, 99 ppm cobalt, and 1.07% iron.
The project is strategically located between Capstone’s Mantoverde, Santo Domingo, and Sierra Norte properties. Management views the acquisition as a consolidation step to leverage existing infrastructure and unlock transformational copper production growth.
Capstone Copper Corp. (CS) has completed a $25 million acquisition, a strategic land consolidation move that adds only inferred resources to a district where the company already holds a dominant position. The transaction does not alter near-term production profiles, cost structures, or capital expenditure plans.
Capstone Copper Corp. (CS) is a producing copper mining company with operations across Chile, Mexico, and the United States. Its flagship assets include Mantoverde and Mantos Blancos in Chile, Pinto Valley in Arizona, and Cozamin in Mexico. The company focuses on transformational copper production growth, cost optimization, and disciplined capital allocation. Its growth pipeline includes the fully permitted Santo Domingo project, Mantoverde Optimized brownfield expansion, and Mantos Blancos Phase II.