Capstone Mining, $4.46, symbol CS on Toronto (Shares outstanding: 203.9 million; Market cap: $909.3 million; www.capstonemining.com), owns two copper mines and one advanced-stage copper/gold development project.
The company’s underground Cozamin mine in Zacatecas, Mexico, mainly produces copper, but its by-products include zinc, lead and silver. The open-pit Minto mine in the Yukon produces copper and gold. Capstone has significantly increased production at both mines.
The company is also advancing its 100%-owned Kutcho copper property in British Columbia, and is working toward making a production decision. Kutcho could also produce significant amounts of zinc, silver and gold.
In 2010, Capstone’s cash flow per share was $0.43, down 28.3% from $0.60 in 2009. However, cash flow per share is forecast to rise to $0.78 in 2011, and $1.12 in 2012. The stock trades at 5.7 times the 2011 estimate, and 4.0 times the 2012 estimate. Capstone holds cash of $186 million, or $0.93 a share, and has low debt.
Capstone’s strong balance sheet…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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