Capstone Copper Announces Labour Agreement at Mantoverde Operation
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February 5, 2026
Capstone Copper Announces Labour Agreement at
Mantoverde Operation
Vancouver, British Columbia – Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC)
is pleased to announce that Union #2 at the Mantoverde Mine in Chile has ratified a new 3-year collective bargaining
agreement, ending the strike initiated on January 2 . Capstone’s priority is to safely and efficiently return to full
operations at Mantoverde, which operated at approximately 55% of normal production levels during the strike.
Following an agreement with Union #2, Mantoverde has now successfully negotiated new three- year collective
bargaining agreements with all four unions and will continue its focus on safe and responsible mining which brings
great benefits to the workforce and surrounding communities.
About Capstone Copper Corp.
Capstone Copper Corp. is an Americas -focused copper mining company headquartered in Vancouver, Canada.
Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the
Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper -silver mine located in the
Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s
growth pipeline includes the fully permitted Santo Domingo copper -iron-gold pr oject, located approximately 35
kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in
the Americas.
Capstone Copper’s strategy is to unlock transformational copper production growth while executing on cost and
operational improvements through innovation, optimization and safe and responsible production throughout our
portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are
committed to creating a positive impact in the lives of our people and local communities, while delivering compelling
returns to investors by responsibly producing copper to meet the world’s growing needs.
Further information is available at www.capstonecopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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 the Company does not intend, and does not assume any obligation, to update these forward-looking
statements, except as required under applicable securities legislation. In certain cases, forward-looking statements
can be identified by the use of words such as “anticipates”, “approximately”, “believes”, “budget”, “estimates”,
expects”, “forecasts”, “guidance”, intends”, “plans”, “scheduled”, “target”, or variations of such words and phrases,
or statements that certain actions, events or results “be achieved”, “could”, “may”, “might”, “occur”, “should”, “will be
taken” or “would” or the negative of these terms or comparable terminology. In this document certain forward-looking
statements are identified by words including “anticipated”, “expected”, “guidance” and “plan”. Forward-looking
statements include, but are not limited to, statements with respect to the Company’s expectations regarding
operations during the strike and its approach to resolution and procedures regarding the strike.
By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking statements. Such factors
include, amongst others, risks related to the inability to resolve the labour disruption, the inability to operate at
expected capacity during the strike, inherent hazards associated with mining operations and closure of mining
NEWS RELEASE
TSX:CS ● ASX:CSC ● capstonecopper.com
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projects, future prices of copper and other metals, compliance with financial covenants, inflation, surety bonding,
the Company's ability to raise capital, Capstone Copper’s ability to acquire properties for growth, counterparty risks
associated with sales of the Company's metals, use of financial derivative instruments and associated counterparty
risks, foreign currency exchange rate fluctuations, market access restrictions or tariffs, changes in U.S. laws and
policies regulating international trade including but not limited to changes to or implementation of tariffs, trade
restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods
and raw materials, along with supply, logistics and transportation constraints, changes in general economic
conditions including market volatility due to uncertain trade policies and tariffs, availability and quality of water and
power resources, accuracy of Mineral Resource and Mineral Reserve estimates, operating in foreign jurisdictions
with risk of changes to governmental regulation, compliance with governmental regulations and stock exchange
rules, compliance with environmental laws and regulations, reliance on approvals, licences and permits from
governmental authorities and potential legal challenges to permit applications, contractual risks including but not
limited to, the Company's ability to meet the requirements under the Cozamin Silver Stream Agreement with
Wheaton Precious Metals Corp. ("Wheaton"), the Company's ability to meet certain closing conditions under the
Santo Domingo Gold Stream Agreement with Wheaton, acting as Indemnitor for Minto Metals Corp.’s surety bond
obligations, impact of climate change and changes to climatic conditions at the Company's operations and projects,
changes in regulatory requirements and policy related to climate change and greenhouse gas ("GHG") emissions,
land reclamation and mine closure obligations, introduction or increase in carbon or other "green" taxes, aboriginal
title cla ims and rights to consultation and accommodation, risks relating to widespread epidemics or pandemic
outbreaks; the impact of communicable disease outbreaks on the Company's workforce, risks related to
construction activities at the Company's operations and development projects, suppliers and other essential
resources and what effect those impacts, if they occur, would have on the Company's business, including the
Company's ability to access goods and supplies, the ability to transport the Company's products and impacts on
employee productivity, the risks in connection with the operations, cash flow and results of Capstone Copper relating
to the unknown duration and impact of the epidemics or pandemics, impacts of inflation, geopolitical events and the
effects of global supply chain disruptions, uncertainties and risks related to the potential development of the Santo
Domingo development project, risks related to the Mantoverde Development Project ("MVDP"), increased operating
and capital costs, increased cost of reclamation, challenges to title to the Company's mineral properties, increased
taxes in jurisdictions the Company operates or is subject to tax, changes in tax regimes we are subject to and any
changes in law or interpretation of law may be difficult to react to in an efficient manner, maintaining ongoing social
licence to operate, seismicity and its effects on the Company's operations and communities in which we operate,
dependence on key management personnel, Toronto Stock Exchange ("TSX") and Australian Securities Exchange
("ASX") listing compliance requirements, potential conflicts of interest involving the Company's directors and
officers, corruption and bribery, limitations inherent in the Company's insurance coverage, labour relations
generally, increasing input costs such as those related to sulphuric acid, electricity, fuel and supplies, increasing
inflation rates, competition in the mining industry including but not limited to competition for skilled labour, risks
associated with joint ventur e partners and non- controlling shareholders or associates, the Company's ability to
integrate new acquisitions and new technology into the Company's operations, cybersecurity threats, legal
proceedings, the volatility of the price of the common shares, the uncertainty of maintaining a liquid trading market
for the common shares, risks related to dilution to existing shareholders if stock options or other convertible
securities are exercised, the history of Capstone Copper with respect to not paying dividends and anticipation of
not paying dividends in the foreseeable future and sales of common shares by existing shareholders can reduce
trading prices, and other risks of the mining industry as well as those factors detailed from time to time in the
Company’s interim and annual financial statements and MD&A of those statements and Annual Information Form,
all of which are filed and available for review under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Forward-looking statements relate to future events or future performance and reflect the Company's expectations
or beliefs regarding future events and are based on a number of assumptions, including those detailed from time to
time in the Company’s interim and annual financial statements and MD&A of those statements and Annual
Information Form, all of which are filed and available for review under the Company’s profile on SEDAR+ at
www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause the
Company's actual results, performance or achievements to differ materially from those described in the Company's
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forward-looking statements, there may be other factors that cause the Company's results, performance or
achievements not to be as anticipated, estimated or intended. There can be no assurance that the Company's
forward-looking statements will prove to be accurate, as the Company's actual results, performance or
achievements could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on the Company's forward-looking statements.
Contact Information
Daniel Sampieri, Vice President, Investor Relations
437-788-1767
Michael Slifirski, Director, Investor Relations, APAC Region
61-412-251-818
Claire Stirling, Manager, Investor Relations
416-831-8908