Operating Activities Temporarily Suspended
VANCOUVER, June 6, 2014 /CNW/ - Capstone Mining Corp. ("Capstone") (TSX:
CS) is saddened to report that a fatal accident occurred at its Cozamin
Mine on the evening of Thursday, June 5, 2014. A contract miner was
struck by a falling rock while working in an active mine face. He was
transported immediately to hospital in Zacatecas and pronounced dead on
"Our heartfelt sympathy goes out to our miner, his family, and our
entire team at Cozamin," said Darren Pylot, President and CEO of
Capstone. "This is a devastating accident."
The accident scene has been secured pending a formal investigation of
the incident and Cozamin's management team has temporarily suspended
underground mining operations pending a full inspection of the mine.
"We will be working in the coming days to ensure the safety of the
Cozamin operation for all its employees and contractors," continued Mr.
Capstone remains committed to the highest safety standards at all of its
operations and regrets that these efforts did not prevent this
incident. We will continue to update as appropriate when more
information becomes available.
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company, focused
on copper. We are committed to the responsible development of our
assets and the environments in which we operate. Our three producing
mines are the Pinto Valley copper mine located in Arizona, US, the
Cozamin copper-silver mine in Zacatecas State, Mexico and the Minto
copper mine in Yukon, Canada. In addition, Capstone has two copper
development projects; the large scale 70% owned copper-iron Santo
Domingo project in Region III, Chile, in partnership with Korea
Resources Corporation, and the 100% owned copper-zinc Kutcho project in
British Columbia, Canada, as well as exploration properties in Chile
and Mexico. Using our cash flow and strong balance sheet as a platform,
Capstone's strategy is to continue to grow with mineral resource and
reserve expansions and exploration, and through acquisitions in
politically stable, mining-friendly regions. We will pace our growth
with our financial capacity, ensuring we retain, as a priority,
sufficient financial flexibility to meet the requirements of our
existing operations and our committed development projects, while
maintaining an adequate cushion to deal with market volatility and
operating risks inherent in the mining industry. Our headquarters are
in Vancouver, Canada and we are listed on the Toronto Stock Exchange
(TSX). Further information is available at www.capstonemining.com.
SOURCE: Capstone Mining Corp.
For further information:
Cindy Burnett, VP, Investor Relations and Communications