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Sunday, November 15, 2026

Capstone Copper cuts 2026 guidance on Pinto Valley delay

Mining Friday, November 13, 2026 - Updated Nov 13, 2026 03:52

Capstone Copper has cut the bottom end of its 2026 copper production guidance to 195,000 tonnes from 200,000 tonnes after extra crusher repairs at its Pinto Valley mine in Arizona pushed full recommissioning back to mid-December.

Why it matters: The delay costs about 5,000 tonnes of 2026 output at one of the few producing US copper mines, and the company also flagged a national truckers' strike in Chile as a shipment and supplies risk to its two Chilean mines.

Data as of Capstone Copper's own operations update of November 12, 2026, read in full; the production impact and the revised guidance are the company's estimates and are forward-looking. Developing item.

Capstone Copper said commissioning of the primary crusher at Pinto Valley found that major mechanical components need additional maintenance, with replacement parts being manufactured off site, so the crusher is now expected back in service in mid-December rather than early November. Temporary mobile crushing equipment should allow a partial restart of the concentrator in mid-November at up to 40,000 tonnes per day, and the company put the cost of the extra downtime at about 5,000 tonnes of 2026 copper production.

The company also said a national strike by a civic movement and independent trucking associations in Chile, called over fuel prices, risks suspending concentrate and cathode shipments and deliveries of fuel and sulphuric acid. Production at its Mantoverde and Mantos Blancos mines in Chile is so far unimpacted, which Capstone attributed to preventative measures and on-site storage.

Sources

  1. Capstone Copper Provides Update on Operations - Capstone Copper Corp., via Business Wire - 2026-11-12