Capstone Mining Corp.

Capstone Mining Corp.

December 12, 2006 07:00 ET

Capstone Receives US $9,420,000 From Concentrate Sales

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - CAPSTONE MINING (TSX:CS) is pleased to report the following concentrate sales from its 100% owned Cozamin copper-silver-lead-zinc mine located in Zacatecas State, Mexico.


- Capstone has received 90% provisional payments (including previous advances) of US$9,420,000 for the following concentrates.

- 5,541 tons of copper concentrate grading 24% copper (2.9 million lbs)

- 1,820 tons of zinc concentrate grading 46% zinc (1.8 million lbs)

- 119,190 ounces of silver contained in the above concentrates

- 650 tons of lead concentrate grading 65% lead (931,190 lbs) and 53,000 ounces of silver are currently at the port awaiting shipment

- Total current cash on hand is $24 million ($0.30/share)

- During the first three months of operations, the Cozamin mine operated at 103% of the 1,000 tpd design capacity.

Concentrate Sales

Capstone received a 90% provisional payment (including previous advances) of US$9,420,000 from Glencore International AG. The outstanding 10% balance and final pricing for the concentrates are subject to the terms of the concentrate sales agreements with copper priced in April 2007 and zinc priced in March 2007.


Capstone is a Canadian based mining company currently operating the Cozamin copper-silver-zinc mine located in Zacatecas State, Mexico. Capstone has approximately 80.8 million shares outstanding and is well financed with no bank debt. More information is available online at:

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