Capstone Copper's adjusted third-quarter net income attributable to shareholders rose about 90% to $93.8 million, or 12 cents per share, as the realized copper price climbed to $6.61 per pound from $4.49, and revenue rose 19% to $712.0 million. However, copper production fell 18% to 45,218 tonnes, mainly because the Pinto Valley mine in Arizona lost 45 days to planned and unplanned downtime and a primary crusher rebuild overran, with restart now expected by Nov. 2. Output also fell at Mantos Blancos in Chile on lower grades, while Mantoverde deliberately cut cathode production because high sulphuric acid prices made some ore uneconomic to process. The company expects 2026 production at the low end of its 200,000–230,000 tonne guidance and costs at the high end of its $2.45–$2.75 per pound range. It raised its capital spending forecast by $40 million to $830 million on higher diesel-related stripping costs, while net debt fell to $564.0 million from $780.1 million at the end of 2025.
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