Covenant violation risk diminishes for Capstone

Copper producer Capstone Mining has reported a narrower first-quarter adjusted loss of $1.5-million, or nil per share, year-on-year, despite rising costs at its Minto mine, in the Yukon Territory of Canada. For the period ended March 31, Capstone reported operating cash flow before changes in working capital of $18.9-million, or $0.05 a share, with a net loss of $12.8-million, or $0.03 a share.