Cautionary Statement – Forward-Looking Statements
Certain statements contained in this AIF and the documents incorporated by reference into this AIF constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Section 21E of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and forward-looking information within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). All statements included herein, other than statements of historical fact, are forward-looking statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The forward-looking statements in this AIF include, without limitation, statements relating to:
| ● | Mineral Reserves (as defined herein) and Mineral Resources (as defined herein) at the Caylloma, Lindero, San Jose, Séguéla and Yaramoko mines and at the Arizaro Project, as they involve implied assessment, based on estimates and assumptions that the Mineral Reserves and Mineral Resources described exist in the quantities predicted or estimated and can be profitably produced in the future; |
| ● | estimated rates of production for gold silver and the other metals that we produce, timing of production and the cash costs and all-in sustaining cash costs (“AISC”) estimates; |
| ● | expectations with respect to metal grade estimates and the impact of any variations relative to metal grades experienced; |
| ● | the Company's plans and expectations for its material properties and future Brownfields and Greenfields exploration, development and operating activities including, without limitation, capital expenditures, exploration activities and budgets, forecasts and schedule estimates, as well as their impact on the results of operations or financial condition of the Company; |
| ● | results from the feasibility and optimization work at the Séguéla Mine to realize the opportunity to incorporate underground mineable resources at the Sunbird, Ancien and Koula deposits; |
| ● | life of mine estimates for the Caylloma, Lindero, San Jose, Séguéla and Yaramoko Mines, including the exhaustion of Mineral Reserves at the San Jose Mine, the timing of the closure of the San Jose Mine, and the estimated costs of associated with such closure; |
| ● | the proposed expansion of ore processing at the Séguéla Mine above the target prepared and estimated in 2021 and the initiatives to de-bottleneck the processing plant to be put in place in 2024; |
| ● | timing for delivery of materials and equipment for the Company’s properties; |
| ● | timing and cost of sustaining capital projects at the Company’s mines, including the one-time phase II expansion of the leach pad at the Lindero Mine; the replacement and overhaul of heavy equipment and purchase of critical spare parts at the Lindero Mine; the expansion of the tailings storage facility at the Séguéla Mine; and the enhancement of the power grid substation and the completion of phase II of the plant power substation at the Caylloma Mine; |
| ● | the sufficiency of the Company’s cash on hand and available credit lines and estimated cash flows to fund planned capital and exploration programs at its properties; |
| ● | the Company’s financial performance being closely linked to the prices of silver and gold and other metals; |
| ● | rising costs caused by the effect of the Ukraine - Russian conflict and the Israel - Hamas war, causing increased rates of inflation and pressures on the global supply chain; |
