VANCOUVER, British Columbia, June 7, 2014 /PRNewswire/ --
-- Operating Activities Temporarily Suspended
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 arrival.
"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. Pylot.
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 http://www.capstonemining.com.
For further information:
Cindy Burnett, VP, Investor Relations and Communications
SOURCE Capstone Mining Corp.