Monday, April 19, 2010

Capstone Mining (TSE:CS) Downgraded to "Hold"

Capstone Mining Corp. (TSE:CS) was recently downgraded to "hold" from "buy" by Toronto-Dominion Bank, as the company appears it is going to struggle for a period of time.

The company produces silver, copper and zinc at mining projects located in Mexico.

Capstone partner Northern Tiger Resources also announced it will be offering a non-brokered private placement.

They said this in a press release:

"Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its Dawson Range exploration alliance with Capstone Mining Corp.’s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production."

Northern Tiger is looking for about $2,500,000 from the placement.

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