Despite widening adjusted Q4 loss, Capstone beats forecasts as sales, prices sag

Declining copper sales and dramatically lower realised prices have conspired to cut back base metals producer Capstone Mining’s fourth-quarter revenue 34% year-on-year. This resulted in a wider adjusted net loss of $7.8-million, or $0.02 a share, but which still managed to beat analyst expectations of losing $0.03 a share.