Capstone Mining Corp. is a Canadian based metals mining company with two producing mines, the Minto copper-gold-silver mine in the Yukon Territory, Canada, and the Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico. Under development are the large scale, 70% owned, Santo Domingo copper-iron-gold project in Chile in partnership with Korea Resources Corporation, and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia. Capstone also has several other exploration properties.
Capstone Mining: A Case Study
The Customer
The Challenge
Capstone was utilizing three different, non-integrated solutions across their various operations which made the consolidation of financial results a manual and time-consuming process. The out-dated Minto ERP system was installed at the corporate head office in Vancouver and accessed at the Yukon mine site via satellite connection. Limited functionality and poor connectivity affected the ability to accurately and efficiently report on the Minto mine production.
Capstone was searching for a single, robust solution that could be deployed to handle their Canadian operations as well as the complex requirements of operating in Mexico and Chile. With international operations and a centralized management team, a web-based purchase authorization work flow engine was of critical importance. Capstone was also looking for a stable platform on which to grow their management systems with a view to adding a world-class asset maintenance solution.
The Solution
Caron proposed Sage 300 ERP as the foundation for the corporate-wide solution. With strong financial reporting and analysis, built-in inventory and procurement management, and an accessible architecture, Sage 300 ERP was the ideal platform for Capstone. Caron met the complete range of requirements with the addition of fully integrated applications for workflow approvals, fixed asset accounting, and enterprise-level user management.
Caron’s Sage-focused development partner, TaiRox Software, provided customizations to the core functionality of Sage 300 ERP to both enhance the end-user experience and provide necessary compliance reporting. In addition, the TaiRox SOX Backup Enterprise solution provides Capstone with daily automated data transfers from the remote mines to the Vancouver corporate office for consolidated reporting and full drilldown to the mine sites’ source transactions.
The Caron solution has been fully deployed at Capstone’s Vancouver headquarters, Minto mine in the Yukon, Cozamin mine in Mexico, and is currently being rolled out at the Santo Domingo mine in Chile.
The Technology
- Sage 300 ERP core accounting, inventory and purchasing modules
- eRequester workflow solutions
- Sage Intelligence reporting and analysis software
- TaiRox inventory and purchasing customizations
- TaiRox SOX Backup Enterprise and SOX User Management
- Norming Asset Management software
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