Why do we own Capstone Copper?

Capstone Copper is a Canadian-based, pure-play copper producer with a portfolio of long-life mining assets across Chile, the United States, and Mexico. Dual-listed on the Toronto Stock Exchange and the ASX, the company provides investors with direct exposure to one of the world’s most important industrial metals. Copper is essential for modern life, with applications ranging from electricity networks and renewable energy infrastructure to electric vehicles, data centres, consumer electronics, and building construction.

The long-term outlook for copper remains attractive. The metal is a critical component of the transition to cleaner energy, yet new discoveries are becoming harder to find and develop. At the same time, demand continues to grow as countries invest in renewable energy, electric transport, power grids, and artificial intelligence infrastructure. Against this backdrop, Capstone is pursuing a multi-year growth strategy through expansions at its existing operations and the potential development of the Santo Domingo project in Chile.

Capstone’s focus on copper, diversified asset base, and clear pathway for future growth provide a compelling investment opportunity. While commodity prices can fluctuate with economic conditions, the company’s portfolio of long-life assets in established mining jurisdictions provides a strong foundation for long-term growth. As demand for copper continues to increase, Capstone is well-positioned to benefit from one of the most important structural trends shaping the global economy.

ASX-listed Capstone Copper Corp is a direct holding in the Evidentia Quality Core Portfolio, which is held in the Partners Medium Term, Long Term, and Multi-Asset Income Portfolios.