Reuters reported that Capstone Mining Q4 copper output at its Cozamin mine in Mexico could meet or exceed July to September levels as it looks to produce from the higher grade Avoca area in the region sending its shares up 6%.

Vancouver based Capstone also expects copper grades to increase in the fourth quarter at Minto its other operating mine in Yukon of Canada.

The miner which also has two development projects in Chile and British Columbia said that it is on course to meet its full year production target of 80 million to 85 million pounds of copper in concentrates.

However, combined production from both mines fell to 20.6 million pounds of copper in the Q3 from 21.2 million pounds in the April to June period hurt by lower grades.

(Sourced from Reuters)