Latest news with #LipariMiningLtd
Yahoo
14-05-2025
- Business
- Yahoo
Lipari Mining Announces Q1-2025 Production and Sales Results
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (FSE: OY90) ("Lipari" or "the Company") today announces production and sales results for the first quarter ended March 31, 2025 ("the Quarter" or "Q1-2025") from the Company's wholly-owned Braúna Diamond Mine in Brazil. All figures are expressed in Canadian dollars unless otherwise noted. Q1-2025 HIGHLIGHTS Q1 2025 ore tonnes mined: 169,758 tonnes, increased by 88% compared to the same period the previous year (Q1-2024: 20,398 tonnes) Tonnes processed: 173,443 tonnes, increased by 52% (Q1-2024: 82,450 tonnes) Carats recovered: 25,291 carats, increased by 84% (Q1-2024: 3,980 carats) Carats recovered per 100 tonnes of ore processed: 14.6 cpht, increased by 67% (Q1-2024: 4.8 cpht) Carats sold: 22,524 carats, up 66% compared to the same period the previous year (Q1-2024: 7,637 carats) $223 per carat achieved for total proceeds of $5.02 million (Q1-2024: $1.80 million) Average recovered diamond grade of 14.6 cpht (Q1-2024: 4.6 cpht) Completed 513 metres of underground development during the period (Q1-2024: 215 metres) Cash of $2.33 million; (Q1-2024: $0.25 million) Ken Johnson, President and CEO of Lipari commented: "Q1 was a technically demanding period as we completed the transition of our Braúna operation from open pit to underground mining during January. Ore production from the underground mine steadily increased over the Quarter resulting in increased diamond production during February and March. We sold 22,524 carats during the Quarter at a unit sales price of $223 per carat, which was in line with expectations given the subdued market environment. Ongoing uncertainty around U.S. tariffs impacted rough diamond trading and temporarily dampened the strong demand we saw at the start of the year. We remain confident that demand for natural diamonds will rebound once market conditions stabilize, and we are well positioned to benefit from a stronger pricing environment through the remainder of 2025." Operating Results To view an enhanced version of this graphic, please visit: Q1-2025 Sales Results During the Quarter, 22,524 carats of natural diamonds were sold for $5,017,092 (US$3,679,014), averaging $223 per carat (US$163 per carat), 66% more carats were sold by volume compared to the same period the previous year. The Q1-2025 sale included a number of good quality diamonds that weighed in excess of 10.80 carats, including a 71.07 carat stone of high value. During Q1-2024, 7,637 carats were sold for $1,798,755 (US$1,141,464) averaging $236 per carat (US$185 per carat). At the end of Q1-2025, the Company held an inventory of natural diamonds awaiting sale of 23,307 carats (Q1-2024: NIL). For the purposes of the Cdn/US dollar conversions an exchange rate of $1.36 was used, being the exchange rate on January 29, 2025, the date of the sale completed in Q1-2025 (Q1-2024: $1.27/USD). Figure 1 - 71.07 carat diamond. To view an enhanced version of this graphic, please visit: Figure 2 - Close-up view of the 71.07 carat diamond recovered during Q1-2025. To view an enhanced version of this graphic, please visit: The Company will be releasing its Q1-2025 financial statements and Management Discussion and Analysis on May 15, 2025. This information will be available on the Company's website at and on SEDAR+. About Lipari Mining Ltd. Lipari Mining is South America's leading diamond producer, with a strong track record of operations at the Braúna diamond mine in Brazil, which has produced over 1.2M carats to date. Lipari is now applying its expertise to advance the highly prospective Tchitengo Diamond Project in Angola, marking the next phase of growth for the Company. The Company is committed to environmentally responsible mining practices. Lipari's Braúna mine is the only diamond mine in the world that recycles nearly 100% of the water used in ore processing, producing a dry tailings product which has potential as a soil remineralizer for the agricultural industry. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML", and the Frankfurt Stock Exchange under the symbol "0Y90". For further information, please contact: Lipari Mining Johnson Chief Executive Officer and President Phone: +55 (71) 3369 Forward Looking Statements This press release may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the demand for natural diamonds and the Company's ability to benefit from a stronger pricing environment through the remainder of 2025, development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the impact tariffs will have on the demand for natural diamonds,, development plans for the Company's mineral projects and expected mine life. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. CBOE CANADA OR THE FRANKFURT STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. To view the source version of this press release, please visit
Yahoo
14-05-2025
- Business
- Yahoo
Lipari Mining Announces Q1-2025 Production and Sales Results
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (FSE: OY90) ("Lipari" or "the Company") today announces production and sales results for the first quarter ended March 31, 2025 ("the Quarter" or "Q1-2025") from the Company's wholly-owned Braúna Diamond Mine in Brazil. All figures are expressed in Canadian dollars unless otherwise noted. Q1-2025 HIGHLIGHTS Q1 2025 ore tonnes mined: 169,758 tonnes, increased by 88% compared to the same period the previous year (Q1-2024: 20,398 tonnes) Tonnes processed: 173,443 tonnes, increased by 52% (Q1-2024: 82,450 tonnes) Carats recovered: 25,291 carats, increased by 84% (Q1-2024: 3,980 carats) Carats recovered per 100 tonnes of ore processed: 14.6 cpht, increased by 67% (Q1-2024: 4.8 cpht) Carats sold: 22,524 carats, up 66% compared to the same period the previous year (Q1-2024: 7,637 carats) $223 per carat achieved for total proceeds of $5.02 million (Q1-2024: $1.80 million) Average recovered diamond grade of 14.6 cpht (Q1-2024: 4.6 cpht) Completed 513 metres of underground development during the period (Q1-2024: 215 metres) Cash of $2.33 million; (Q1-2024: $0.25 million) Ken Johnson, President and CEO of Lipari commented: "Q1 was a technically demanding period as we completed the transition of our Braúna operation from open pit to underground mining during January. Ore production from the underground mine steadily increased over the Quarter resulting in increased diamond production during February and March. We sold 22,524 carats during the Quarter at a unit sales price of $223 per carat, which was in line with expectations given the subdued market environment. Ongoing uncertainty around U.S. tariffs impacted rough diamond trading and temporarily dampened the strong demand we saw at the start of the year. We remain confident that demand for natural diamonds will rebound once market conditions stabilize, and we are well positioned to benefit from a stronger pricing environment through the remainder of 2025." Operating Results To view an enhanced version of this graphic, please visit: Q1-2025 Sales Results During the Quarter, 22,524 carats of natural diamonds were sold for $5,017,092 (US$3,679,014), averaging $223 per carat (US$163 per carat), 66% more carats were sold by volume compared to the same period the previous year. The Q1-2025 sale included a number of good quality diamonds that weighed in excess of 10.80 carats, including a 71.07 carat stone of high value. During Q1-2024, 7,637 carats were sold for $1,798,755 (US$1,141,464) averaging $236 per carat (US$185 per carat). At the end of Q1-2025, the Company held an inventory of natural diamonds awaiting sale of 23,307 carats (Q1-2024: NIL). For the purposes of the Cdn/US dollar conversions an exchange rate of $1.36 was used, being the exchange rate on January 29, 2025, the date of the sale completed in Q1-2025 (Q1-2024: $1.27/USD). Figure 1 - 71.07 carat diamond. To view an enhanced version of this graphic, please visit: Figure 2 - Close-up view of the 71.07 carat diamond recovered during Q1-2025. To view an enhanced version of this graphic, please visit: The Company will be releasing its Q1-2025 financial statements and Management Discussion and Analysis on May 15, 2025. This information will be available on the Company's website at and on SEDAR+. About Lipari Mining Ltd. Lipari Mining is South America's leading diamond producer, with a strong track record of operations at the Braúna diamond mine in Brazil, which has produced over 1.2M carats to date. Lipari is now applying its expertise to advance the highly prospective Tchitengo Diamond Project in Angola, marking the next phase of growth for the Company. The Company is committed to environmentally responsible mining practices. Lipari's Braúna mine is the only diamond mine in the world that recycles nearly 100% of the water used in ore processing, producing a dry tailings product which has potential as a soil remineralizer for the agricultural industry. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML", and the Frankfurt Stock Exchange under the symbol "0Y90". For further information, please contact: Lipari Mining Johnson Chief Executive Officer and President Phone: +55 (71) 3369 Forward Looking Statements This press release may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the demand for natural diamonds and the Company's ability to benefit from a stronger pricing environment through the remainder of 2025, development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the impact tariffs will have on the demand for natural diamonds,, development plans for the Company's mineral projects and expected mine life. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. CBOE CANADA OR THE FRANKFURT STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. 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The Market Online
08-05-2025
- Business
- The Market Online
Lipari Mining hits milestone at Tchiuzo kimberlite pipe
A major diamond discovery is taking shape in northeastern Angola, as a newly unveiled resource estimate reveals millions of carats hidden beneath the surface of the Tchiuzo kimberlite pipe. Lipari Mining Ltd. (Cboe CA:LML) has achieved a significant milestone with the completion of an NI-43-101 compliant Mineral Resource Estimate for the Tchiuzo kimberlite pipe. This development marks a pivotal step in advancing the company's 75 per cent-owned Tchitengo Diamond Project, located in northeastern Angola. Establishing a flagship resource The Tchiuzo kimberlite pipe is the first among a cluster of 30 identified kimberlite pipes on the Tchitengo property to reach this advanced stage. The newly released resource estimate, independently prepared by Z Star Mineral Resource Consultants Ltd. of South Africa, confirms the commercial potential of the deposit: Indicated resource : 32.1 million tonnes (Mt) of kimberlite Containing 14.6 million carats Grade: 46 carats per hundred tonnes (cpht) Depth: ~220 metres : Inferred resource : 22.7 Mt of kimberlite Containing 8.5 million carats Grade: 38 cpht Depth: ~360 metres : The estimate is based on a 1 mm bottom cutoff size, aligning with commercial diamond recovery standards. Robust geological foundation The resource model integrates extensive historical and recent exploration data, including: SM Catoca drilling (2006–2009) : 8,925 metres of core drilling across 66 holes 447,534 kg of kimberlite processed Yielded 176 carats (grade: 39.3 cpht) : Lipari Phase I drilling (2024) : 19 confirmatory holes totaling 3,722.7 metres : Bulk sampling by SM Catoca (2007–2014) : 34,630 tonnes processed 17,245 carats recovered (grade: 48.6 cpht) : These efforts have confirmed the geological continuity and diamond grade distribution of the Tchiuzo pipe, which remains open at depth, offering further exploration upside. Stable location and historical investment The Tchitengo Project is strategically located just 19 km north of the prolific Catoca mine and 35 km from the Luele mine, two of Angola's largest diamond producers. The Tchiuzo pipe was originally discovered by SM Catoca and Alrosa in 2006, with more than US$35.6 million invested in exploration and development between 2006 and 2016. Geological insights Lipari's 2024 drilling campaign confirmed the presence of two primary kimberlite lithologies: Tuffaceous kimberlite : Central portion of the pipe : Central portion of the pipe Tuffaceous kimberlite breccia: Along the granite contact zone A block of volcanic breccia of sedimentary rock and a weathered saprolitic kimberlite layer were also identified, enhancing the geological model used for the NI 43-101 estimate. Leadership insights 'This NI 43-101 compliant mineral resource estimate marks a major milestone for Lipari as we execute our growth strategy in Angola. With this robust initial resource at Tchiuzo and a strong foundation of historical work, we now have a clear path forward to advance the project to feasibility,' Lipari Mining's President and CEO, Ken Johnson said in a release on these results. 'This resource helps unlock significant long-term potential and reinforces our belief in the broader Tchitengo kimberlite field, where 30 pipes have already been identified. With our deep explorational and operational experience in Brazil, we are well positioned to replicate success in Angola as we move toward evaluating the economics of the Tchiuzo mineral resources and further delineation drilling across the roughly 1000 km2 property.' In an exclusive interview with The Market Online's 'The Watchlist', CEO Johnson went into more detail, calling it a confirmation of work that was done in the past. 'From the time they discovered the pipe back in 2005, to 2013, they spent $35.6 million, drilling the deposit, trial mining it, recovered about 17,000 carats of diamonds,' he said. 'We have all that information and what we had to do was confirm that, so we carried out a drilling program last year.' Click the video below to watch the interview in full. Lipari plans to launch a bulk sampling program in Q3 2025, supported by the installation of a 15-tonne-per-hour kimberlite processing plant. The objective is to recover over 5,000 carats for valuation purposes, a key step in assessing the commercial viability of the Tchiuzo diamonds. In parallel, the company will continue to evaluate other kimberlite targets within the Tchitengo Project, many of which exhibit promising geophysical and geochemical signatures. Investor's corner The NI 43-101 compliant resource estimate for the Tchiuzo kimberlite pipe represents a major advancement for Lipari Mining Ltd., positioning the company to unlock significant value from one of Angola's most prospective diamond regions. This is sponsored content issued on behalf Lipari Mining Ltd., please see full disclaimer here.
Globe and Mail
31-03-2025
- Business
- Globe and Mail
Lipari Mining Starts Trading on Cboe Canada
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (formerly Golden Share Resources Corporation) ("LML" or the "Company") is pleased to announce that its common shares have commenced trading today on the Cboe Canada Inc. stock exchange under the symbol "LML." "Listing on Cboe Canada marks a major milestone in our company's growth. Cboe's local expertise, but global footprint provides access to investors worldwide, allowing us to broaden our shareholder base and increase our market visibility," said Ken Johnson, President and CEO of Lipari Mining. "We are proud to take this step, as enhanced liquidity and exposure will support our strategic objectives and drive long-term value for our investors." About Lipari Mining Ltd. Lipari Mining Ltd. is a Canadian diamond company, which operates the Braúna diamond mine in Brazil, and is developing its advanced-staged Tchitengo diamond property in Angola. The Company works together with the local communities in which it operates to ensure that its operations support positive and sustainable initiatives with minimal environmental impact. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML". All of the natural diamond production from Lipari's operations are produced and exported in accordance with the Kimberley Process Certification System ("KPCS") which imposes strict requirements on producers to enable them to certify their shipments of rough diamonds as "conflict-free" and prevent illegally produced diamonds from entering the legitimate trade. Forward Looking Statements This press release and the documents incorporated by reference may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the development plans for the Company's mineral projects and expected mine life. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the 4923-2501-0991.4 forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Yahoo
28-03-2025
- Business
- Yahoo
Lipari Mining Ltd. (formerly, Golden Share Resources Corporation) Receives Final Approval to Commence Trading on Cboe Canada on March 31, 2025
Toronto, Ontario--(Newsfile Corp. - March 28, 2025) - Lipari Mining Ltd. (Cboe CA: LML) ("LML" or, the "Company") (formerly, Golden Share Resources Corporation) is pleased to announce that it has received final listing approval from Cboe Canada Inc. ("Cboe") and that the trading of its common shares will commence at market open on March 31, 2025 under the symbol "LML". Ken Johnson, President and CEO of LML, stated, "The commencement of trading on Cboe marks a significant milestone for our company. Cboe's global exchange infrastructure across the US, EU, UK, and Australia, will help expand our reach to a broader investor base in the future. We take immense pride in making our shares publicly available and believe that this increased visibility and liquidity will be instrumental in accelerating our growth and maximizing value for our shareholders." In connection with LML's listing on Cboe, the Company has prepared and filed on its SEDAR+ profile at a listing statement in the form prescribed by the Cboe (the "Listing Statement"). The Listing Statement, together with the financial statements, MD&A and technical reports as incorporated by reference therein, provides full details of the Company, its business, management, capital structure and risk factors. About Lipari Mining Ltd. LML is a corporation incorporated under the law of Canada. LML's head office is located at 517 Rua João Chagas Ortins de Freitas, Sala 301, Lauro de Freitas, Bahia, Brazil CEP:42.710-610, and its registered office is located at Suite 2400, 40 King Street West, Toronto, Ontario M5H 3Y2. LML's principal business is the acquisition, exploration and development of resource properties for the mining of diamonds with a focus in Angola and Brazil. In Angola, LML owns a 75% equity interest in Tchitengo Mining - Sociedade de Prospecção e Exploração Mineira, Ltda. ("Tchitengo Mining"), which controls a 100% interest in the Tchitengo diamond project ("Tchitengo Project"), located in the principal diamond producing district in northeastern Angola. The Tchitengo Project encompasses 30 known kimberlite deposits, with the Tchiuzo kimberlite being the most advanced in terms of development. LML also owns 100% of the Braúna diamond mine, located in the State of Bahia, Brazil. The Braúna mine commenced commercial production in July 2016 and has produced 1,190,701 carats of natural rough diamonds from 6.54 million tonnes of kimberlite mined from the Braúna 3 kimberlite for an average production grade of 18.2 cpht to December 31, 2024. Operations are now focused on the transition of the mine from an open pit operation to an underground operation. Additional information on the Company can be found on its website at and by reviewing its profile on SEDAR+ at Contact: Kenneth JohnsonChief Executive Officer and President Phone: +55 (71) 9 9236-3716 Cautionary Note This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of LML have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Investors are cautioned that, except as disclosed in the Listing Statement, any information released or received with respect to the Company's listing on Cboe may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. Forward Looking Statements This press release and the documents incorporated by reference may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the development plans for the Company's mineral projects and expected mine life. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. To view the source version of this press release, please visit
