Capstone Reports Security Incident Near Cozamin MINE
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October 17, 2022
CAPSTONE REPORTS SECURITY INCIDENT NEAR COZAMIN MINE
Vancouver, British Columbia – Capstone Copper Corp. ("Capstone" or the "Company") (TSX: CS)
announced that today there was a security incident near its Cozamin mine in Zacatecas, Mexico. An employee
was shot and fatally wounded on the main access road between the city of Zacatecas and the mine. The mine
site remained secure and operational. The Company is working with government authorities to ensure safe
transportation to and from the mine site.
“We are deeply saddened by the tragic loss of one of our team members. Our thoughts go out to his family
and our entire Cozamin team,” said John MacKenzie, CEO of Capstone. “Our foremost priority is the safety
and security of our personnel, and we are committed to supporting the family of the deceased”.
The Company maintains the necessary personnel at the mine for the site’s security and safe operations.
ABOUT CAPSTONE COPPER CORP.
Capstone Copper Corp. is an Americas -focused copper mining company headquartered in Vancouver,
Canada. Capstone owns and operates the Pinto Valley copper mine in Arizona, USA, the Cozamin copper-
silver mine in Zacatecas, Mexico, the Mantos Blancos copper -silver mine in the Antofagasta region, Chile,
and 70% of the Mantoverde copper- gold mine, located in the Atacama region, Chile. In addition, Capstone
owns the fully permitted Santo Domingo copper- iron-gold project, located approximately 30 km northeast of
Mantoverde in the Atacama region, Chile, and a portfolio of exploration properties in the Americas.
Capstone Copper’s strategy is to unlock transformational copper production growth while executing cost and
operational improvements through innovation, opt imization 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 sustainably producing copper to meet the world’s growing needs.
Further information is available at www.capstonecopper.com
CONTACT INFORMATION
Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
Kettina Cordero, Director Investor Relations & Communications
604-262-9794
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.
Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future
events and theincluding but not limited to impacts of the ongoing and evolving COVID-19 pandemic and the risk associated with
regions experiencing an increased rate of criminal activity and violence and the potential impact on operations and the
NEWS RELEASE
TSX:CS ● capstonecopper.com
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communities in which we operate. 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”, “necessary” “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”. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause our 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
inherent hazards associated with mining operations and closure of mining projects, future prices of copper and other metals,
compliance with financial covenants, surety bonding, our ability to raise capital, Capstone Copper’s ability to acquire properties
for growth, counterparty risks associated with sales of our metals, use of financial derivative instruments and associated
counterparty risks, foreign currency exchange rate fluctuations, market access restrictions or tariffs, changes in general
economic conditions, availability and quality of water, accuracy of Mineral Resource and Mineral Reserve estimates, operating
in foreign jurisdictions with risk of changes to governmental regulation, compliance with governmental regulations, 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, our ability to meet the completion test
requirements under the Cozamin Silver Stream Agreement with Wheaton Precious Metals Corp. ("Wheaton"), our 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 post divestiture, impact of climate change and changes to climatic conditions at our
operations and projects, changes in regulatory requirements and policy related to climate change and greenhouse gas ("GHG")
emissions, land reclamation and mine closure obligations, aboriginal title claims and rights to consultation and accommodation,
risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our
workforce, risks related to construction activities at our operations and development projects, suppliers and other essential
resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and
supplies, the ability to transport our 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 COVID -19 pandemic, impacts of
geopolitical events and the effects of global supply chain disruptions, uncertainties and risks related to the potential development
of the Santo Domingo project, risks related to the Mantos Blancos Concentrator Debottlenecking Project and the Mantoverde
Development Project, increased operating and capital costs, increased cost of reclamation, challenges to title to our 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 soci al
licence to operate, seismicity and its effects on our operations and communities in which we operate, dependence on key
management personnel, potential conflicts of interest involving our directors and officers, corruption and bribery, limitations
inherent in our insurance coverage, labour relations, 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 venture partners and non -controlling shareholders or associates, our ability to integrate new
acquisitions and new technology into our operations, cybersecurity threats, legal proceedings, the volatility of the price of the
Common Shares, the uncertainty of maintaining a li quid 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.sedar.com. Although the
Company has attempted to identify important factors that could cause our actual results, performance or achievements to differ
materially from those described in our forward- looking statements, there may be other factors that cause our results,
performance or achievements not to be as anticipated, estimated or intended. There ca n be no assurance that our forward-
looking statements will prove to be accurate, as our actual results, performance or achievements could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on our forward-looking statements.