Capstone Copper Reports Second Quarter 2026 Results

• Record adjusted EBITDA of $354 million
• Record revenue of $739.7 million
• Consolidated total contained copper production of 51,759 tonnes

Capstone Copper Corp. reported strong financial and operational results for the second quarter of 2026. The company achieved a record adjusted EBITDA of $354 million, up from $215.6 million in Q2 2025, driven by higher realized copper prices. Consolidated total contained copper production was 51,759 tonnes, down 10% year-over-year. The company's revenue increased significantly to $739.7 million, up from $543.2 million in Q2 2025, primarily due to higher realized copper prices. Net income attributable to shareholders was $74.3 million, or $0.10 per share, compared to $24.0 million, or $0.03 per share, in Q2 2025. The company's C1 cash costs increased to $2.82 per pound from $2.45 per pound in Q2 2025, primarily due to higher input costs. Capstone remains focused on its growth pipeline and expects higher production in the second half of 2026.

2026 production guidance of 200,000 to 230,000 tonnes of copper

Capstone expects higher production in the second half of 2026, driven by stronger throughput at Mantoverde following the completion of the MV Optimized project.