Capstone Mining Corp.
TSX : CS

Capstone Mining Corp.

July 09, 2008 08:30 ET

Capstone Announces Production and Sales for the Second Quarter of 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2008) - Capstone Mining Corp. ("Capstone") (TSX:CS) is pleased to report production and sales results for the second quarter of 2008 from its Cozamin mine located in Zacatecas State, Mexico. With the expansion from 2,200 tpd to 3,000 tpd continuing, the Cozamin mine produced 206,034 tonnes during the second quarter of 2008.

Summarized results are shown below;



OPERATING AND SALES RESULTS
(all figures unaudited)

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Q2 - 2008 Q1 - 2008
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Ore milled (tonnes) 206,034 202,656
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Copper production (lbs) 6.7M 6.0M
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Copper grade (%) 1.66 1.59
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Copper recovery (%) 88.9 84.2
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Copper sales (lbs) 6.8M 6.9M
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Average Copper price(i) $3.80 $3.59
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Zinc production (lbs) 2.9M 2.3M
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Zinc grade (%) 1.32 1.35
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Zinc recovery (%) 49.0 40.6
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Zinc sales (lbs) 2.9M 0.7M
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Average Zinc price(i) $0.91 $1.21
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Lead production (lbs) 1.5M 1.7M
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Lead grade (%) 0.56 0.65
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Lead recovery (%) 59.7 60.2
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Lead sales (lbs) 2.0M 1.3M
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Average Lead price(i) $1.00 $1.33
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Silver production (oz's) 330,000 338,000
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Silver sales (oz's) 343,000 306,000
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Silver price $8.40 $8.40
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(i) Average prices used on provisional invoices during the quarter.


The second quarter financial results will be reported after market close on Tuesday, July 29, 2008. Conference call details will follow under a separate press release.

ABOUT CAPSTONE

Capstone is a Canadian based mining company currently operating the 100% owned Cozamin copper-silver-lead-zinc mine located in Zacatecas State, Mexico. Capstone has approximately 82.4 million shares outstanding and is well financed with no bank debt. More information is available online at: www.capstonemining.com.

This press release contains "forward-looking information" that is based on Capstone's current expectations, estimates, forecasts and projections. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Capstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Capstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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