Currently viewing Global edition

Capstone decentralises

Vancouver’s Capstone Mining (TSX:CS) has announced a 35% reduction in corporate positions at its head office as it seeks to improve its financial and operating performance.

Capstone decentralises Capstone decentralises Capstone decentralises Capstone decentralises Capstone decentralises

Pinto Valley copper mine in Arizona

The company expects the reduced organisational structure will save about US$5 million per annum in corporate general and administrative expenses.

The company, which operates the Pinto Valley copper mine in Arizona and the Cozamin mine in Mexico, said the move would also empower mine general managers and their teams to run operations as independent business units.

CEO Darren Pylot said the corporate changes were expected to h...