Capstone Copper to resume full production at Mantoverde mine as Chile strike ends

Capstone Copper reached a labor deal at its Mantoverde mine in Chile. This agreement ends a strike and allows production to return to normal levels today.

Insights:
Union No. 2, the largest labour organization at the Mantoverde copper-gold mine in Chile CLCL, has approved a new three-year labour contract, effectively ending a strike that began on January 2. This agreement clears the way for Capstone Copper to resume full operations at the facility. During the period of industrial action, production at the mine had been reduced to approximately 55% of its normal levels.
The Mantoverde copper-gold mine is a significant asset within the global copper industry. In 2025, the site produced 62,308 tonnes of copper concentrate and 32,807 tonnes of copper cathodes, accounting for roughly 0.4% of total global copper production. Capstone Copper, which maintains interests in Canada CACA and Australia AUAU, has now successfully reached labour agreements with all four unions at the site, including the largest, Union No. 2.
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