VANCOUVER, May 14, 2013 /CNW/ - Capstone Mining Corp. ("Capstone") (TSX:
CS) today announced the appointment of Mr. D. James Slattery, CA, as
Senior Vice President and Chief Financial Officer ("CFO") of Capstone.
Mr. Slattery brings over 30 years of financial and executive management
experience, with the last eight years spent as the CFO of Inmet Mining
Corporation, a Canadian-based global copper and zinc producer. Before
joining Inmet he held various senior management roles, including Vice
President and CFO for Wescast Industries, a publicly traded automotive
parts supplier, and CFO for Canadian General Tower Ltd., a privately
owned manufacturing business. He has broad management and corporate
finance experience, including jointly developing and executing Inmet's
integrated growth strategy and leading financing activities for mine
development projects totalling over $5 billion. Jim started his career
with Ernst & Young, progressing through a number of roles in Canada and
Europe from 1981 to 1997.
"I welcome Jim to the Capstone team," said Darren Pylot, President and
CEO of Capstone. "His experience at Inmet Mining is a perfect fit for
Capstone as we move into the intermediate copper producer space. His
familiarity with large capital projects and financial background will
supplement our finance and executive leadership capabilities."
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company,
committed to the responsible development of our assets and the
environments in which we operate. We are preferentially focused on
copper, with two producing copper mines, the Cozamin
copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the
Minto copper-gold-silver mine in Yukon, Canada. In addition, Capstone
has two development projects, the large scale 70% owned Santo Domingo
copper-iron-gold project in Chile in partnership with Korea Resources
Corporation and the 100% owned Kutcho copper-zinc-gold-silver project
in British Columbia, as well as exploration properties in Canada,
Chile, Mexico and Australia. Using our cash flow and strong balance
sheet as a springboard, Capstone aims to grow with continued mineral
resource and reserve expansions, exploration, and through acquisitions
in politically stable, mining-friendly regions. Our headquarters are in
Vancouver, Canada and we are listed on the 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. By their very nature
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Capstone to be materially different from
any future results, performance or achievements expressed or implied by
the forward-looking statements.
SOURCE: Capstone Mining Corp.
For further information:
Cindy Burnett, VP, Investor Relations and Communications