#PASCO CAPSTONE Y INTERCEPT PLUS#

Consolidated copper production of 44.4 million pounds at C1 cash costs 1 of $1.96 per payable pound of copper produced.Adjusted EBITDA 1 is reflective of CapstoneвЂ™s strong operational performance and financial leverage of the CompanyвЂ™s EBITDA 1 in a robust copper price environment. Adjusted EBITDA 1 for Q3 2021 of $72.3 million and 2021 YTD of $318.9 million.Adjusted net income 1 of $35.3 million or $0.09 per share. Net income of $35.0 million, or $0.09 per share for Q3 2021.

#PASCO CAPSTONE Y INTERCEPT PLUS#

Operating cash flow and earnings were negatively impacted by $10.0 million of realized loss on provisional price adjustments plus lag in sales timing of 3.3 million pounds of copper, impact of approximately $6 million after-tax during the quarter.

Operating cash flow before changes in working capital 1 of $67.1 million in Q3 2021 driven by strong revenue in a plus $4 copper environment.

The balance sheet was enhanced by continued strong operating cash flow generation during Q3 2021. The Company's total available liquidity 1 was $433.2 million with nil long-term debt.

Cash and short-term investments grew by $36.7 million to $208.2 million during the three months ending September 30, 2021.

We exceeded guidance by delivering low cost, record production that distinguishes this operation as a first quartile asset.вЂќ Mercer continued, вЂњOnce again IвЂ™m very pleased with our Cozamin Mine performance. While the first half of the quarter saw significantly reduced mining and milling rates due to the extreme wet conditions, from September to present the operation has averaged over 60,000 tonnes per day throughput boosted by the completion of our PV3 Optimization projectвЂќ.

Our ESG Strategy and Responsible Sourcing Project will be key to achieve long-term sustainability and I look forward to unveiling them in 2022.вЂќД«rad Mercer, SVP & COO added, вЂњSevere floods in July & August in Arizona resulted from heavy rains on terrain burned clean by wildfires just weeks prior. Capstone is committed to climate change action to build resilient operations and stronger communities. Despite extreme conditions the Mine is still on track to meet annual guidance which is a testament to the leadership and overall talent at Pinto Valley, enabled by the optimization investments we have made over the past few years. Link HERE for CapstoneвЂ™s Q3 2021 managementвЂ™s discussion and analysis (вЂњMD&AвЂќ) and financial statements and HERE for the webcast presentation.Дarren Pylot, President and CEO of Capstone commented, вЂњThis year Pinto Valley Mine and the communities nearby have faced wildfires and floods and IвЂ™m proud of CapstoneвЂ™s contribution in emergency relief efforts that made a real difference. Consolidated copper production totaled 44.4 million pounds at C1 cash costs 1 of $1.96 per payable pound of copper produced.

(вЂњCapstoneвЂќ or the вЂњCompanyвЂќ) (TSX:CS) today announced production and financial results for the three (вЂњQ3 2021вЂќ) and nine months (вЂњ2021 YTDвЂќ) ended September 30, 2021. (All amounts in US$ unless otherwise specified)Д¬apstone Mining Corp.

Pasco capstone y intercept