VANCOUVER, British Columbia,
June 20, 2019 /CNW/ - Capstone Mining
Corp. ("Capstone") (TSX:CS) reported that the Woodbury Fire
wildfire in Arizona is nearing the
westernmost property boundary of its Pinto Valley mine ("Pinto
Valley" or the "Mine"). At the time of this release, there has been
no physical impact to infrastructure or operations at the Mine.
However, for the health and safety of our people the decision has
been made to curtail non-essential activities at the Mine.
"The Pinto Valley team have been focused on ensuring the safety
of our people and safely executing work to protect our operations,
including increasing defensible space by removing combustible brush
and grass, installing sprinklers, covering pipelines with soil,
removing propane from site and relocating mobile equipment," said
Darren Pylot, President and CEO of
Capstone. "We have been working closely with neighbouring private
landowners and authorities on regional preparations to ensure the
protection of personnel, facilities and infrastructure, as well as
the natural environment."
A minimal crew will remain at the Mine, and Capstone will
provide an update on the status of operations as appropriate. Full
operations will resume once the safety and security of mine
personnel and infrastructure can be assured. The health and safety
of our people is our top priority.
Real time information on the Woodbury Fire is available from the
InciWEb site at https://inciweb.nwcg.gov/incident/6382/.
About Capstone Mining Corp.
Capstone Mining Corp.
is a Canadian base metals mining company, focused on copper. Our
two producing mines are the Pinto Valley copper mine located in
Arizona, US and the Cozamin
polymetallic mine in Zacatecas State, Mexico. In addition, Capstone has the large
scale 70% owned copper-iron Santo
Domingo development project in Region III, Chile, in partnership with Korea Resources
Corporation, as well as a portfolio of exploration properties.
Capstone's strategy is to focus on the optimization of operations
and assets in politically stable, mining-friendly regions, centred
in the Americas. We are committed to the responsible development of
our assets and the environments in which we operate. Our
headquarters are in Vancouver,
Canada and we are listed on the Toronto Stock Exchange
(TSX). Further information is available at
www.capstonemining.com.
Cautionary Note Regarding Forward-Looking Information
This document may contain "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"). These forward-looking statements are
made as of the date of this document and Capstone does not intend,
and does not assume any obligation, to update these forward-looking
statements, except as required under applicable securities
legislation.
Forward-looking statements relate to future events or future
performance and reflect our expectations or beliefs regarding
future events. Forward-looking statements include, but are not
limited to, statements with respect to the potential impact of the
Woodbury Fire on the infrastructure and operations of the Pinto
Valley Mine. In certain cases, forward-looking statements can be
identified by the use of words such as "plans", "expects",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes" or variations of such words and phrases,
or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative of these terms or comparable terminology.
In this document certain forward-looking statements are identified
by words including "will". By their very nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include, amongst others,
risks related to inherent hazards associated with the operation and
closure of mining projects, future prices of copper and other
metals, changes in general economic conditions, and other risks of
the mining industry as well as those factors detailed from time to
time in the Company's interim and annual financial statements and
management's discussion and analysis of those statements, 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 cause our 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 should not place undue reliance on our
forward-looking statements.
Paul Jones, VP, Business
Development and Investor Relations, 604-674-0891,
pjones@capstonemining.com