Capstone Copper Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 322.24 million compared to USD 309.2 million a year ago. Net loss was USD 32.9 million compared to net income of USD 34.11 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
For the nine months, sales was USD 991.78 million compared to USD 933.93 million a year ago. Net loss was USD 89.42 million compared to net income of USD 143.15 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to basic earnings per share from continuing operations of USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.