VANCOUVER, British Columbia,
June 7, 2014 /PRNewswire/ --
-- Operating Activities Temporarily Suspended
Capstone Mining Corp. ("Capstone") (TSX: CS) is saddened to
report that a fatal accident occurred at its Cozamin Mine on the
evening of Thursday, June 5, 2014. A
contract miner was struck by a falling rock while working in an
active mine face. He was transported immediately to hospital in
Zacatecas and pronounced dead on
arrival.
"Our heartfelt sympathy goes out to our miner, his family, and
our entire team at Cozamin," said Darren
Pylot, President and CEO of Capstone. "This is a devastating
accident."
The accident scene has been secured pending a formal
investigation of the incident and Cozamin's management team has
temporarily suspended underground mining operations pending a full
inspection of the mine. "We will be working in the coming days to
ensure the safety of the Cozamin operation for all its employees
and contractors," continued Mr. Pylot.
Capstone remains committed to the highest safety standards at
all of its operations and regrets that these efforts did not
prevent this incident. We will continue to update as appropriate
when more information becomes available.
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company,
focused on copper. We are committed to the responsible development
of our assets and the environments in which we operate. Our three
producing mines are the Pinto Valley copper mine located in
Arizona, US, the Cozamin
copper-silver mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two
copper development projects; the large scale 70% owned copper-iron
Santo Domingo project in Region
III, Chile, in partnership with
Korea Resources Corporation, and the 100% owned copper-zinc Kutcho
project in British Columbia,
Canada, as well as exploration properties in Chile and Mexico. Using our cash flow and strong balance
sheet as a platform, Capstone's strategy is to continue to grow
with mineral resource and reserve expansions and exploration, and
through acquisitions in politically stable, mining-friendly
regions. We will pace our growth with our financial capacity,
ensuring we retain, as a priority, sufficient financial flexibility
to meet the requirements of our existing operations and our
committed development projects, while maintaining an adequate
cushion to deal with market volatility and operating risks inherent
in the mining industry. Our headquarters are in Vancouver, Canada and we are listed on the
Toronto Stock Exchange (TSX). Further information is available at
http://www.capstonemining.com.
For further information:
Cindy Burnett, VP, Investor
Relations and Communications
+1-604-637-8157
cburnett@capstonemining.com
(CS.)
SOURCE Capstone Mining Corp.