Latest news with #BrazilianReais
Yahoo
22-07-2025
- Business
- Yahoo
Verifone and PagBrasil Launch Exclusive International Pix Payment Solution for Brazilian Shoppers in the U.S.
New partnership enables U.S. merchants to accept Pix payments in Brazilian Reais, enhancing the in-store experience for 1.9M Brazilian tourists annually NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- PagBrasil and Verifone have partnered to launch an in-store alternative payment method (APM) enabling Brazilian shoppers to pay in Brazilian Reais (BRL) using Pix while shopping in the United States. This first-of-its-kind solution allows U.S. merchants to accept the Brazilian payment method. Pix, Brazil's instant payment system created by its Central Bank in 2020, offers a seamless, cost-effective, and frictionless payment experience for Brazilians. It allows users to send and receive money, as well as make payments, within seconds, 24/7, without relying on cash or cards. Now, with International Pix, a solution built by PagBrasil within the Pix framework, Brazilian consumers can make Pix payments in the U.S. with real-time currency launch follows the signing of an exclusive agreement between Verifone and PagBrasil, giving Verifone sole rights to offer the Brazilian company's International Pix payments in the U.S. Merchants can activate International Pix at the point of sale through Verifone's hardware-agnostic, gateway-agnostic APM API without needing to upgrade existing systems. 'This is a game-changer for U.S. merchants in high-tourism markets like Florida and New York,' said Madhu Vasu, SVP Global Product Management at Verifone. 'Only Verifone can offer this capability at the point of sale today, giving merchants a powerful differentiator to attract and serve the 1.9 million Brazilian Tourists who spend more than $4.1 billion annually in the U.S.' The magnitude of this opportunity is reinforced by recent travel trends: from 2023 to 2024, the number of Brazilians traveling to the U.S. rose by more than 17%, reaching 1.9 million visitors. Pix has seen a 57% year-over-year growth in transaction volume and is used by over 160 million people – about 75% of Brazil's population. With this new offering, Brazilian shoppers can now pay in their local currency, avoiding high foreign exchange conversion fees typically charged on international credit card purchases. 'We're thrilled to partner with Verifone to bring International Pix to U.S. retail,' said Ralf Germer, Chief Executive Officer at PagBrasil. 'This collaboration doesn't just expand Pix's global footprint — it gives U.S. merchants a powerful new way to capture spend from millions of Brazilian tourists, while offering shoppers the speed, security and simplicity they already trust at home. It's a win-win for local stores and travelers alike.' Frictionless, Less-Costly In-Store Payments for Brazilian Tourists International Pix allows Brazilian shoppers to pay in their local currency, saving in foreign exchange conversion fees and taxes per transaction. This creates a seamless and cost-effective in-store experience that encourages discretionary and repeat spending. Lower Processing Costs and Fewer Chargebacks for U.S. Merchants International Pix transactions via Verifone are processed at approximately 2% with no additional fees, compared to 2–3% plus fixed fees for credit cards. As a real-time bank-to-bank transfer, Pix payments also help avoid the risk of chargebacks, reducing risk and overhead for merchants. International Pix: Revenue Growth Potential for U.S. Retailers With International Pix now available in the U.S., Verifone and PagBrasil are helping merchants capture more international spend, boost customer satisfaction and loyalty, and stay ahead in an increasingly competitive retail landscape. Capitalizing on Brazil's World Cup Travel Surge Many Brazilians have already traveled to the U.S. for the 2025 FIFA Club World Cup, and even larger numbers are expected for the 2026 FIFA World Cup, where most matches will take place in the United States. The U.S. Travel Association projects that over 6 million international travelers will visit the U.S. for the World Cup. In total, nearly $200 billion in direct travel spending comes from international visitors each year. With Brazilians consistently among the top groups of overseas visitors, International Pix unlocks significant potential for merchants to capture more of this high-value spending during these global events and beyond. About Verifone Verifone is a leading global payments technology provider trusted by the world's top brands. Verifone powers the boundless payments grid, enabling distinctive commerce experiences for merchants, fintech companies, and financial institutions wherever commerce happens. By combining a flexible platform, an open ecosystem of 2,500+ integrations, and four decades of payments expertise, Verifone eliminates payment complexity and expands what's possible across every payment channel. Each year, Verifone processes $8 trillion in transaction value across 165+ countries around the world helping businesses of all sizes to grow without limits. Learn more at: and follow Verifone on LinkedIn, X, Facebook and Instagram. About PagBrasil Headquartered in Porto Alegre, Brazil, with offices in São Paulo and Barcelona, PagBrasil is a technology company that processes digital payments for businesses worldwide, serving major brands such as Samsung, Samsonite, and Ubiquiti. Founded in 2010 by Alex Hoffmann and Ralf Germer, the company integrates all major payment methods in Brazil and is a partner of leading e-commerce platforms such as Shopify and Salesforce. PagBrasil has pioneered innovative technologies that create value for both merchants and consumers. In recognition of its efforts to expand financial inclusion, the company was awarded the Platinum Prize in the Financial Inclusion category at the Fintech Americas Financial Innovators Awards 2025. Other highlights in its portfolio include International Pix and Pix Roaming, innovative solutions that enable Brazilians to pay abroad and allow international visitors to use Pix while traveling in Brazil. Learn more: Website Verifone Media ContactPress@ A photo accompanying this announcement is available at in to access your portfolio
Business Wire
12-06-2025
- Business
- Business Wire
Conduit Announces New Partnership With Braza Group in Brazil For Onchain FX
BOSTON--(BUSINESS WIRE)-- Conduit, a leading cross-border payments platform powered by stablecoins, announced today its partnership with Braza Group, which owns the largest foreign exchange bank in Brazil. Braza Group is Conduit's biggest client in Brazil to date, allowing Conduit customers to transfer currency between Brazilian Reais and American Dollars or Euros and settle in just a few minutes, using Onchain FX where stablecoins pegged to different currencies can be swapped in real time. 'Creating seamless on-ramps between fiat and digital currencies, together with Onchain stablecoin FX swaps, has the potential to completely transform how cross-border payments are made,' said Kirill Gertman, CEO of Conduit. Braza Group processed more than $67 billion in transactions in 2024 and launched its BBRL stablecoin, pegged to the Brazilian Real, in February 2025. Through this innovative new partnership, when a Conduit customer uses the platform to make payments from Brazil to the U.S. or Europe in Brazilian Real, Braza Group will mint a stablecoin, which Conduit can swap for a U.S. or EUR dollar-backed digital currency, completing the transaction with the final recipient. This new partnership strengthens Conduit's mission to build the most seamless and scalable payments network in the world, enabling settlements between Brazil and the U.S. or Europe in just two minutes — a sharp contrast to traditional systems that can take up to three days. By combining Braza Group's liquidity and investments in stablecoins with Conduit's global reach, the partnership unlocks the full potential of Onchain FX at scale. Clients will be able to easily switch between stablecoins and fiat currencies and settle global transactions quickly. 'Creating seamless on-ramps between fiat and digital currencies, together with Onchain stablecoin FX swaps, has the potential to completely transform how cross-border payments are made,' said Kirill Gertman, CEO of Conduit. 'Having Braza Group as a client has been exciting in many ways: seeing Conduit start to gain traction with major banks globally, and they fully embraced the vision of what we could build together, unlocking something truly innovative.' Conduit's platform bridges crypto-native infrastructure with traditional finance, offering nearly instant, programmable global transactions with integrated AML, sanctions screening, and transaction monitoring built in. This new partnership with Braza is the latest in a growing line of major milestones since it launched its platform in September 2023. In late May, it announced a $36 million series A fundraising round, and its transaction volumes surged 16x in 2024, surpassing $10 billion in annualized payment volume. Working with Braza further strengthens two of Conduit's core value propositions, its ability to settle global transactions quickly and efficiently, and provide deep liquidity through its platform to ensure transactions can be settled without constraints. Conduit's platform bridges crypto-native infrastructure with traditional finance, offering nearly instant, programmable global transactions with built-in AML, sanctions screening, and transaction monitoring. This partnership with Braza Group marks the latest in a series of key milestones since the platform's launch in September 2023. In late May, Conduit announced a $36 million Series A fundraising round, and its transaction volumes grew 16x in 2024, surpassing $10 billion in annualized payment volume. Working with Braza Group further strengthens two of Conduit's core value propositions: the ability to settle global transactions quickly and efficiently, and to provide deep liquidity to ensure seamless execution. "Braza Group's investment in the BBRL stablecoin aims to help Brazilians connect with the latest financial innovations on the global stage and enable local businesses to optimize their operations," said Arthur Carvalho, Head of Digital Assets at Braza Group. "Conduit's strong commitment to expanding the benefits of stablecoins globally and creating a more inclusive and transparent financial ecosystem made them a natural partner for us. We believe that many individuals and businesses will benefit from integrating BBRL into Conduit's global payment network.' About Conduit Conduit is a next-generation payment network for businesses that move money across borders. We provide fast, reliable global payments by combining instant local payment rails with the efficiency of stablecoins. With a single API, Conduit connects banks, local payment rails, and blockchains to create a resilient network spanning key markets worldwide — including deep connectivity across Latin America, Africa and Asia. Backed by leading investors, Conduit is redefining how money moves across borders.
Yahoo
06-05-2025
- Business
- Yahoo
Aura Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
ROAD TOWN, British Virgin Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') announced today that the Company's Board of Directors (the 'Board') has declared and approved the payment of a dividend (the 'Dividend') of US$0.40 per common share (approximately US$ 30 million in total). This payment is above the minimum foreseen in the Company's Dividend Policy (the 'Dividend Policy') and includes also a US$ 13.5 million receivable the Company collected in April 2025 related to the sale of the Serrote project to Appian Capital LLC in 2018. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA² for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period. The Dividend will be paid in US dollars on May 20, 2025, to shareholders of record as of the close of business on May 13, 2025 ('Record Date'). Holders of the Company's Brazilian Depositary Receipts as of Record Date will receive US$ 0.1333 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around May 30, 2025, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date. As an example, BDR's holders will receive:• Announced Dividend on May 05, 2025: USD 0.133333 per BDR• Exchange Rate, based on closing rate as of 05/02/25, for USD to Brazilian Reais (BRL): BRL 5.8866 per USD• Dividends Payable to Company BDR Holders: BRL 0.784879 per BDR. This value will change according to the exchange rate on the day previous to the payment day• Record Date for Dividend Rights: May 13, 2025• Payment Date: On or around May 30, 2025 The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, 'In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expanded our Resources and Reserves, acquired and built Borborema, acquired Bluestone, and secured additional mineral rights, including Serra da Estrela. True to our commitment, we have also consistently delivered value to shareholders through dividends and share buybacks, positioning Aura among the top-yielding companies in the global gold mining sector. Our combined dividend and share buyback yields were 13.5% in 2021, 6% in 2022, 6% in 2023, 7% in 2024, and 11% over the past 12 months. This quarter's US$30 million dividend, bolstered by proceeds from the Serrote sale, underscores our dedication to shareholders and the strategic pillars established years ago.' About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 5 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena, Almas and Borborema gold mines in Brazil, and the Minosa mine in Honduras. The Company's development projects include Cerro Blanco in Guatemala and Matupá both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Carajas (Serra da Estrela) copper project in the prolific Carajás region of Brazil. Forward-Looking InformationThis press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which include, but are not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expected timing of the Dividend; the further potential of the Company's properties; and the ability of the Company to achieve its short and long term outlook and the anticipated timing and results thereof. Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. __________________________________________1 Including shares and BDR buybacks. We calculate dividend yield as the announced dividend per share divided by the TSX share price (converted to US$) on the announcement date (dividend yield = dividend per share / share price at announcement date). The buyback yield is calculated as the total value of shares repurchased in the period divided by the average market capitalization on a given year in each case using the TSX share price converted to US$ (buyback yield = buybacks reported / average market capitalization for a given year). The dividend yield + buyback yield is the sum of the dividend yield and the buyback yield for the reporting period.2 Adjusted EBITDA as (Loss) profit for year, plus finance expenses, less other (expense) income, less Change in estimation for mine closure and restoration for properties in care & maintenance, plus depletion and amortization. CONTACT: For further information, please visit Aura's website at or contact: Investor Relations ri@
Associated Press
27-02-2025
- Business
- Associated Press
Aura Declares Dividend of US$0.25 per share and US$0.0833 per BDR based on Q4 2025 Results, resulting in a Dividend Yield of 9.2% in the LTM
ROAD TOWN, British Virgin Islands, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') announced today that the Company's Board of Directors (the 'Board') has declared and approved the payment of a dividend (the 'Dividend') of US$0.25 per common share (approximately US$18.3 million in total). This payment is above the minimum foreseen in the Company's Dividend Policy (the 'Dividend Policy'). The Dividend is in respect of and is based on Aura's Q4 2024 financial results ended December 31, 2024. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period. The Dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025 ('Record Date'). Holders of the Company's Brazilian Depositary Receipts as of Record Date will receive US$0.0833 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around March 28, 2025, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date. As an example, BDR`s holders will receive: • Announced Dividend on February 26, 2025: USD 0.083334 per BDR • Exchange Rate, based on closing rate as of 02/25/25, for USD to Brazilian Reais (BRL): BRL 5.7394 per USD • Dividends Payable to Company BDR Holders: BRL 0.478284 per BDR. This value will change according the exchange rate on the day previous to the payment day • Record Date for Dividend Rights: March 6, 2025 • Payment Date: Until March 28, 2025 The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, 'We are pleased to announce a dividend of US$0.25 per share, reflecting our commitment to delivering value to our shareholders. This payment exceeds the minimum outlined in our Dividend Policy. Since our re-IPO in 2020, we have consistently prioritized strong cash flows, accelerated growth, and regular dividend distributions. As a result, Aura remains among the top dividend-yielding companies in the global gold mining sector, with combined dividend and share buyback yields of 13.5% in 2021, 6% in 2022 and 2023, and now 9.2% for the last 12 months. Importantly, we achieved these returns while successfully developing the Almas mine and advancing the construction of the Borborema project while maintaining low debt leverage ratios.' About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 4 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San Andres) mine in Honduras. The Company's development projects include Cerro Blanco in Guatemala, Borborema and Matupá both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Carajas (Serra da Estrela) copper project in the prolific Carajás region of Brazil. For further information, please visit Aura's website at or contact: Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which include, but are not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expected timing of the Dividend; the further potential of the Company's properties; and the ability of the Company to achieve its short and long term outlook and the anticipated timing and results thereof. Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
Yahoo
27-02-2025
- Business
- Yahoo
Aura Declares Dividend of US$0.25 per share and US$0.0833 per BDR based on Q4 2025 Results, resulting in a Dividend Yield of 9.2% in the LTM
ROAD TOWN, British Virgin Islands, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') announced today that the Company's Board of Directors (the 'Board') has declared and approved the payment of a dividend (the 'Dividend') of US$0.25 per common share (approximately US$18.3 million in total). This payment is above the minimum foreseen in the Company's Dividend Policy (the 'Dividend Policy'). The Dividend is in respect of and is based on Aura's Q4 2024 financial results ended December 31, 2024. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period. The Dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of the close of business on March 6, 2025 ('Record Date'). Holders of the Company's Brazilian Depositary Receipts as of Record Date will receive US$0.0833 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment on or around March 28, 2025, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date. As an example, BDR`s holders will receive:• Announced Dividend on February 26, 2025: USD 0.083334 per BDR• Exchange Rate, based on closing rate as of 02/25/25, for USD to Brazilian Reais (BRL): BRL 5.7394 per USD• Dividends Payable to Company BDR Holders: BRL 0.478284 per BDR. This value will change according the exchange rate on the day previous to the payment day• Record Date for Dividend Rights: March 6, 2025• Payment Date: Until March 28, 2025 The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, "We are pleased to announce a dividend of US$0.25 per share, reflecting our commitment to delivering value to our shareholders. This payment exceeds the minimum outlined in our Dividend Policy. Since our re-IPO in 2020, we have consistently prioritized strong cash flows, accelerated growth, and regular dividend distributions. As a result, Aura remains among the top dividend-yielding companies in the global gold mining sector, with combined dividend and share buyback yields of 13.5% in 2021, 6% in 2022 and 2023, and now 9.2% for the last 12 months. Importantly, we achieved these returns while successfully developing the Almas mine and advancing the construction of the Borborema project while maintaining low debt leverage ratios." About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a mid-tier gold and copper production company focused on operating and developing gold and base metal projects in the Americas. The Company has 4 operating mines including the Aranzazu copper-gold-silver mine in Mexico, the Apoena (EPP) and Almas gold mines in Brazil, and the Minosa (San Andres) mine in Honduras. The Company's development projects include Cerro Blanco in Guatemala, Borborema and Matupá both in Brazil. Aura has unmatched exploration potential owning over 630,000 hectares of mineral rights and is currently advancing multiple near-mine and regional targets along with the Carajas (Serra da Estrela) copper project in the prolific Carajás region of Brazil. For further information, please visit Aura's website at or contact: Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which include, but are not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expected timing of the Dividend; the further potential of the Company's properties; and the ability of the Company to achieve its short and long term outlook and the anticipated timing and results thereof. Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, the ability of the Company to achieve its short-term and longer-term outlook and the anticipated timing and results thereof, the ability to lower costs and increase production, the ability of the Company to successfully achieve business objectives, copper and gold or certain other commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. CONTACT: Investor Relations ri@
