ALSIP, IL / ACCESSWIRE / December 9, 2024 / Capstone Holding Corp. (OTCQB:CAPS) ("the Company") Effective December 2, 2024, Michael Toporek resigned in good standing as CEO of the Company and will continue in his role as Chairman of the Board. Matthew Lipman, currently a director of the Company, has been elected by the Company's Board to serve as CEO, President and Secretary effective December 2, 2024.
The Mantoverde Development Project reached commercial production in September, which boosted production materially in Q3. Production will increase further, and costs are expected to drop from Q4 2024 and going forward. The balance sheet is a little bit extended, but that is expected to improve over the coming year, provided the copper price remains relatively constructive.