Capstone Copper Posts Record EBITDA in Q1 Despite Strike

Capstone Copper reported a record EBITDA for the first quarter of 2026, despite ongoing strikes. The company's financial performance remained strong, supported by operational efficiency and high copper prices. Despite production pressures from the strikes, cost control and increased sales volumes boosted profitability. The company exceeded market expectations with this record EBITDA in the first quarter. Favorable copper price trends and the diversity of the company's asset portfolio limited the impact of strike-related disruptions. Capstone Copper stood out with strong production figures from its mines, particularly in North and South America. Analysts note that the company's achievement of this success despite strike-related challenges demonstrates its operational resilience. However, they warn that if strikes continue, production targets may be revised in the second quarter. Capstone Copper management stated that negotiations to resolve the strikes are ongoing and that they have taken additional measures to reduce costs. The improvement in the company's cash flow enables debt reduction and investment plans, while increasing the potential to create value for shareholders. Capstone Copper continues its strategy of expanding production capacity to benefit from the global increase in copper demand. However, worker strikes and commodity price volatility create uncertainty for the short-term outlook. This is not investment advice.