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