In certain cases, forward-looking statements can be identified by the use of words such as "plans", "estimates", "expects" or "does not expect", "is expected", "goal", "scheduled", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements are based, in part, on assumptions and factors that may change, thus causing actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. Such factors and assumptions include, but are not limited to: assumptions concerning copper, gold and molybdenum prices; cutoff grades; power, transportation, water and labour requirements; processing recovery rates; mine plan and production scheduling; process and infrastructure design and implementation; accuracy of the estimation of operating and capital costs, applicable tax and royalty rates; accuracy of capital cost and production forecast used to estimate capital intensity on initial capital; open-pit design, accuracy of mineral resource estimates and resource modeling; reliability of sampling and assay data; representativeness of mineralization; accuracy of metallurgical test work and timely receipt of regulatory approvals.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Lumina to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: risks related to fluctuation in the price of copper, gold and molybdenum; risks relating to estimates of mineral resources, production, operating costs, capital and sustaining costs, decommissioning or reclamation expenses proving to be inaccurate, the inherent operational risks associate with mining and mineral exploration activities, many of which are beyond Lumina's control; expropriation risks; risks related to fluctuation in foreign currency exchange rates, interest rates and tax rates; requirements for additional capital; capital and operating cost escalation; restrictions on the import of mining plant, equipment, supplies and reagents; inflation; government regulation of mining operations; environmental, safety and regulatory risks; unanticipated reclamation expenses; title disputes or claims; limitations on insurance coverage; changes in project parameters as plans continue to be refined; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; competition inherent in the mining exploration industry; delays in obtaining governmental approvals or financing or in the completion of exploration, development or construction activities, as well as those factors discussed in the sections entitled "Risks and Uncertainties" in Lumina's annual Management's Discussion and Analysis. Although Lumina has attempted to identify important factors that could affect Lumina and may cause actual actions, events or results to differ, perhaps materially, from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are based on beliefs, expectations and opinions as of the effective date of this news release. Lumina does not undertake any obligation to update any forward-looking statements included herein, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Lumina Copper Corp.
President & CEO
+ 604 646 1880
+ 604 687 7041 (FAX)
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