Capstone Copper has announced the production of its first saleable copper concentrate at the Mantoverde Development Project (MVDP) in Chile. The mine is progressing through its commissioning phase and is expected to reach full production levels soon.
Key commissioning milestones at MVDP include:
- First ore to the primary crusher: Completed in Q4 2023
- First ore to the grinding circuit: Completed in Q1 2024
- First saleable concentrate: Completed in Q2 2024
- Achievement of nameplate operating rates: Expected during Q3 2024
John MacKenzie, Capstone’s Chief Executive Officer, remarked, “First saleable copper concentrate production at MVDP is a significant milestone for Capstone. This achievement is a testament to our dedicated and skilled teams, who continue to work towards a safe and efficient ramp-up to nameplate operating rates. MVDP remains on track and on budget with our guidance previously disclosed.”
Capstone plans to release an updated feasibility study for its Santo Domingo project in July, followed by a feasibility study for the Mantoverde Optimized project later in the quarter. These studies will define the next phases of value-accretive production growth in the district. 
