VANCOUVER, April 2, 2014 /PRNewswire/ - Augusta Resource
Corporation (TSX and NYSE MKT: AZC) ("Augusta" or "the
Company") announced that its audited consolidated financial
statements for the years ended December 31,
2013 and 2012 are now available on the Company's website at
www.augustaresource.com. The financial statements were also
filed on SEDAR (www.sedar.com) and with the SEC (www.sec.gov) as
part of the Company's Annual Report on Form 40-F on March 31, 2014.
Shareholders can receive a hardcopy of these financial
statements free of charge by contacting Augusta:
By Mail:
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Augusta Resource
Corporation
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Suite 555, 999 Canada
Place
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Vancouver, BC
V6C 3E1
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Canada
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Attention: Corporate
Secretary
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By Phone:
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1 (604)
687-1717
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By Email:
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info@augustaresource.com
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A hardcopy of the financial statements will be mailed upon
receipt of the request.
Pursuant to Section 610 (b) of the NYSE MKT Company Guide, the
Company notes that its auditors' report on the financial statements
contains an "Emphasis of Matter" statement pointing to the
existence of a material uncertainty that raises substantial doubt
about the Company's ability to continue as a going concern.
The Company has included an identical statement in its consolidated
condensed interim financial statements and accompanying
management's discussion and analysis for all quarterly periods
commencing with the second quarter ended June 30, 2012, as well as in the consolidated
financial statements and the accompanying management's discussion
and analysis for the years ended December
31, 2013 and 2012. The Company intends to keep this
disclosure in place in all financial statements until the financing
for the construction of its Rosemont project is complete.
This announcement does not represent any change or amendment to
the Company's audited consolidated financial statements or its
Annual Report on Form 40-F for the fiscal year ended December 31, 2013.
About Augusta
Augusta is a base metals company focused
on advancing the Rosemont Copper deposit near Tucson,
Arizona. Rosemont hosts a
large copper/molybdenum reserve that would account for about 10% of
U.S. copper output once in production (for details refer to
www.augustaresource.com). The exceptional experience and
strength of Augusta's management team, combined with the developed
infrastructure and robust economics of the Rosemont project, propels Augusta to becoming
a solid mid-tier copper producer. Augusta's shares are listed
and posted for trading on the Toronto Stock Exchange and the NYSE
MKT under the symbol AZC.
Cautionary Statements Regarding Forward Looking
Information
Certain of the statements made and the
information contained in this news release constitutes
"forward-looking statements" under United
States federal securities laws or "forward-looking
information" under Canadian securities laws. These statements
and information relate to future events and Augusta's future
performance, business prospects or opportunities, which are subject
to certain risks, uncertainties and assumptions. Such
forward-looking statements and forward-looking information include,
but are not limited to statements concerning Augusta's plans at the
Rosemont project, including the
timing for obtaining final permits, construction and estimated
production, expectations surrounding future financings and
refinancings, capital and operating cash flow estimates, changes in
market conditions, changes or disruptions in the securities markets
and market fluctuations in the prices for Augusta's securities.
Forward-looking statements or information is frequently, but not
always, characterized by words such as "will", "plan", "expect",
"project", "intend", "believe", "anticipate", "budget", "forecast",
"schedule", "estimate" and similar expressions, or statements that
certain events or conditions "may", "should", "could", "might" or
"will" occur. The forward-looking statements or information
contained in this news release is based on the reasonable
expectations and beliefs of management and involves numerous
assumptions, known and unknown risks and uncertainties, both
general and specific to Augusta and the industry in which the
Company operates. Such assumptions, risks and uncertainties
include, but are not limited to Augusta's history of losses,
requirements for additional capital, dilution, loss of material
properties, interest rate increases, global economy, no history of
production, speculative nature of exploration activities, periodic
interruptions to exploration, development and mining activities,
environmental hazards and liability, industrial accidents, failure
of processing and mining equipment, labour disputes, supply
problems, commodity price fluctuations, uncertainty of production
and cost estimates, the interpretation of drill results and the
estimation of mineral resources and reserves, legal and regulatory
proceedings and community actions, title and tenure matters,
regulatory restrictions, permitting and licensing, volatility of
the market price of the Company's common shares, insurance,
competition, hedging activities, currency fluctuations, loss of key
employees, as well as those factors disclosed in Augusta's
documents filed from time to time with the securities regulators in
the provinces of British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario, New
Brunswick and Newfoundland
and Labrador. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results, performance or achievements of the
Company, or industry results, may vary materially from those
described in this presentation. For further details,
reference is made to the risk factors discussed or referred to in
Augusta's annual and interim management's discussion and analyses
and Annual Information Form on file with the Canadian securities
regulatory authorities and available under Augusta's issuer profile
on SEDAR at www.sedar.com.
Although Augusta has attempted to identify important factors
that could cause actual actions, events, results, performance or
achievements to differ materially from those described in the
forward-looking statements or information contained in this news
release, there may be other factors that cause actions, events,
results, performance or achievements not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements or information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Such
forward-looking statements and information are made or given as at
the date of this news release and Augusta disclaims any intention
or obligation to update or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, except as required under applicable securities
law. The reader is cautioned not to place undue reliance on
forward-looking statements or information.
SOURCE Augusta Resource Corporation