BRIEF-Capstone extends Pinto Valley Mine life to 2026

March 26 (Reuters) - Capstone Mining Corp CS.TO :

* Extends Pinto Valley mine life to 2026

* Says average annual production for the first five years is 128.4 million

pounds of copper contained in concentrate

* Says expected LOM C1 cash costs are estimated to be $2.00 per pound of

payable copper

* Extends the mine life of Pinto Valley Mine in Arizona by 8 years from 2018 to

2026

* Total sustaining capital costs estimated to be $187.9 million over 12.3 years

* Mine production will increase from 22.6 million metric tonnes in 2014 to

approximately 42.3 million metric tonnes in 2016 to 2019

* We have started the work required to evaluate a possible mine life extension

beyond 2026 and a potential increase in throughput"

* Sees Capstone to produce 102,000 tonnes of copper in 2014 in concentrates

from its pinto valley, cozamin and minto mines.

* Sees total 2014 budgeted capital expenditures $85.2 million

* Source text for Eikon News Search ID:nPn8b2jVx

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