CSFFF - Capstone Mining: Low Copper Price And A Closed Mine Will Make 2020 Tough - All Eyes Are On The 2021 Expansion
Introduction
In a previous article, I was looking forward to seeing Capstone Mining (CSFFF) completing the expansion program at its low-cost Cozamin mine in Mexico, as that would be the key driver to unlock a strong positive free cash flow. Unfortunately, the COVID-19 pandemic means 2020 will very likely be a "lost" year due to the temporary shutdown of the Cozamin mine and the low copper price. Nonetheless, the expansion plans for 2021 remain on the table.
Capstone’s US listing is relatively illiquid with an average daily volume of just 28,000 shares