Capstone Copper Corp. ("Capstone" or the "Company") (TSX:
CS) is pleased to announce that it has published its 2021
Sustainability Report, "Sustainable Thinking, Foundation for
Growth" (the "Sustainability Report" or the "Report"). The Report
is Capstone's sixth sustainability report prepared following the
Global Reporting Initiative ("GRI") Standards (Core option). It is
Capstone's first report using the Sustainability Accounting
Standards Board (SASB) Standards and the recommendations of the
Task Force on Climate-related Financial Disclosures (TCFD). The
Report details the Company's management approach and performance on
material sustainability topics at Capstone's Pinto Valley mine in
Arizona, USA, Cozamin mine in Zacatecas, Mexico, and the Santo
Domingo project in Chile. Capstone currently holds a MSCI rating of
‘A’.
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the full release here:
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Capstone Mining 2021 Sustainability
Report (Graphic: Business Wire)
The 2021 sustainability performance information for Mantos
Blancos and Mantoverde mines in Chile will soon be available on
Capstone's website. In 2022, the Company will produce a combined
sustainability report for Capstone Copper. Merco recently
recognized Mantos Copper as a 2021 leader in the mining sector in
Chile for ESG.
John MacKenzie, Capstone's CEO, commented, "Capstone's 2021
Sustainability Report demonstrates our firm commitment to
excellence in ESG and to maintaining the trust of our stakeholders,
including employees, investors, communities and governments where
we operate. At Capstone Copper, we are committed to embedding
sustainability into our growth strategy and continuously improving
our ESG performance."
2021 SUSTAINABILITY REPORT HIGHLIGHTS
2021 was a year of steady improvements and progress toward our
sustainability commitments. Some of our achievements include:
- 10% lower water withdrawals compared to 2020, while production
increased, and mill throughput remained consistent
- Began the conversion of Cozamin’s tailings storage to a paste
backfill and dry-stack tailings facility, which will have greater
structural stability, a smaller land footprint and lower water
demands
- Energy efficiency gains relative to production across all
sites
- Smart lamp technology that enhances mine safety at Cozamin
- Record participation in site technical and leadership training
programs
- Environmental protection of the Tonto National Forest near
Pinto Valley in response to extreme weather events
In 2021 we were focused on strengthening operational management
systems and practices, expanding and developing our team, and
advancing our commitments. We also began developing our ESG
strategy by looking at where we have the most significant impact.
In addition, we identified the focus areas that will be critical
for us in our new growth phase: tailings, land management, water,
climate change, workforce development, responsible value chain and
community impacts. In 2022 we are establishing targets in these
areas.
The 2021 Sustainability Report is available in English and
Spanish on Capstone’s website at
https://capstonecopper.com/responsibility/.
ABOUT CAPSTONE COPPER CORP.
Capstone Copper Corp. is an Americas-focused copper mining
company headquartered in Vancouver, Canada. Capstone owns and
operates the Pinto Valley copper mine in Arizona, USA, the Cozamin
copper-silver mine in Zacatecas, Mexico, the Mantos Blancos
copper-silver mine in the Antofagasta region, Chile, and 70% of the
Mantoverde copper-gold mine, located in the Atacama region, Chile.
In addition, Capstone owns the fully permitted Santo Domingo
copper-iron-gold project, located approximately 30 km northeast of
Mantoverde in the Atacama region, Chile, and a portfolio of
exploration properties in the Americas.
Capstone Copper’s strategy is to unlock transformational copper
production growth while executing cost and operational improvements
through innovation, optimization and safe and responsible
production throughout our portfolio of assets. We focus on
profitability and disciplined capital allocation to surface
stakeholder value. We are committed to creating a positive impact
in the lives of our people and local communities while delivering
compelling returns to investors by sustainably producing copper to
meet the world’s growing needs.
Further information is available at www.capstonecopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Capstone Copper Corp. (the “Company”) cautions readers regarding
forward-looking statements found in this document (including the
documents incorporated by reference herein) and in any other
statement made by, or on the behalf of the Company. Except for
statements of historical fact, information contained in this news
release and the documents incorporated by reference herein,
constitutes “forward-looking information” within the meaning of
Canadian securities legislation and “forward-looking statements”
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (collectively, “forward-looking
statements”). Forward-looking information and forward-looking
statements are often, but not always, identified by the use of
words such as “seek”, “anticipate”, “plan”, “continue”, “planned”,
“expect”, “project”, “predict”, “potential”, “targeting”,
“intends”, “believe”, and similar expressions, or describes a
“goal”, or variation of such words and phrases or states that
certain actions, events or results “may”, “should”, “could”,
“would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements in this report include, but are not
limited to: statements relating to our sustainability strategy;
short-term and long-term sustainability goals; strategic priorities
and our goals, targets, commitments and plans and our expectations
regarding those goals, targets, commitments and plans, including
but not limited to our water policy goals and energy goals;
expected timing of progress of water conservation projects; the
timing and success of the underground paste backfill system study
and tailings filtration project at Cozamin, the timing and success
of the Impact23 exploration and other growth projects at Cozamin,
the timing and success of the Copper Cities project, the timing and
results of the Mantoverde-Santo Domingo district integrated plan,
the success of the synergies related to the Mantoverde-Santo
Domingo district integrated plan, the timing and success of the
implementation of an independent tailings review board at Cozamin,
estimated timing and spending to achieve our goals; and
expectations regarding the conduct of our suppliers and
contractors.
The forward-looking statements in this report are based on a
number of estimates, projections, beliefs and assumptions the
management team believed to be reasonable as of the date of this
report, though inherently uncertain and difficult to predict,
including but not limited to expectations and assumptions
concerning: the development and performance of technology; our
ability to attract and retain skilled employees; environmental
compliance costs generally; and assumptions regarding the
development of our business generally. Risks and uncertainties that
could influence actual results include, but are not limited to:
risks associated with the consequence of climate change;
uncertainties and risks related to the development of projects at
Cozamin, risks associated with permitting and development of our
properties; risks related to our operations and development
projects, suppliers and other essential resources and what effect
those impacts, if they occur, would have on our business, including
our ability to access goods and supplies, the ability to transport
our products and impacts on employee productivity; regulatory
action; environmental compliance challenges; changes in laws and
governmental regulations including without limitation changes in
regulatory requirements and policy related to climate change and
greenhouse gas (“GHG”) emissions; costs of compliance with
environmental and other laws and regulation; risks relating to the
development and use of new technology or lack of appropriate
technologies needed to advance our goals; our ability to integrate
new acquisitions and new technology in our operations;
cybersecurity threats; natural disasters and adverse weather
conditions, changes in commodity prices; geotechnical challenges;
global crises and pandemics; changes in carrying values of our
assets; dependence on the availability of water; operations in
foreign countries; maintaining ongoing social license to operate;
corruption and anti-bribery; the impact of COVID-19 on our
workforce; labour relations; general business and economic
conditions and the future operation and financial performance of
the company generally.
We caution you that the foregoing list of important factors and
assumptions is not exhaustive. Other events or circumstances could
cause our actual results to differ materially from those estimated
or projected and expressed in this report including without
limitation, those referred to in the Company’s Annual Information
Form and in the Company’s interim and annual financial statements
and MD&A, all of which are filed and available for review under
the Company’s profile on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could
cause our actual results, performance or achievements to differ
materially from those described in our forward-looking statements,
there may be other factors that could cause our actual results,
performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that our forward-looking
statements will prove to be accurate, as our actual results,
performance or achievements could differ materially from those
anticipated in such statements. Accordingly, readers and investors
should not place undue reliance on forward-looking statements. The
Company does not intend to update forward-looking statements,
except as required by law).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220621006034/en/
Jerrold Annett, SVP, Strategy and Capital Markets 647-273-7351
jannett@capstonecopper.com Kettina Cordero, Director Investor
Relations & Communications 604-262-9794
kcordero@capstonecopper.com
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