Capstone posts 4Q profit

Associated Press |

VANCOUVER, British Columbia (AP) _ Capstone Mining Corp. (CSFFF) on Wednesday reported fourth-quarter net income of $29.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring gains, were 1 cent per share.

The base metals mining company posted revenue of $152.8 million in the period.

For the year, the company reported net income of $55.2 million, or 14 cents per share, swinging to a profit in the period. Revenue was reported as $541.9 million.

In the final minutes of trading on Wednesday, the company's shares hit $1.16. A year ago, they were trading at $1.34.

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