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Forward-Looking Statements: This article may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this article. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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It was a good week for precious metals as April economic data from the U.S. failed to impress, while the U.S. dollar fell against other major currencies. While employment data was favourable, retail sales in particular were flat last month according to the Commerce Department on Wednesday, well below the 0.3% increase projected by economists surveyed by Action Economics, while the U.S. dollar fell to a 3-month low against the euro. Gold and silver saw a 3% and 6% gain respectively to finish at $1,225 and $17.5 per ounce. Meanwhile, platinum was up 2.26% following concerns over possible future strike action at South African platinum mines. The metal finished at $1,168 on Friday, while palladium was down marginally (↓0.7%) to finish at $794 per ounce. In contrast to the precious metals, base metals were mostly down with the exception of copper (↑0.4%) which finished at $2.91 per pound. Each of nickel (↓2.3%), lead (↓3.2%) and zinc (↓3.2%) finished at $6.32, $0.89 and $1.04 per pound respectively. UxC Broker Average Price (BAP) for uranium was down marginally, finishing at $35.69 per pound. Finally, the price of iron ore ceased its rise of recent weeks, with 62% CFR North China finishing at $61 per tonne, while WTI crude finished just shy of the $60 per barrel mark to finish at $59.69 per barrel
