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TS X: YRI | NYS E: AUY
True Value Proposition Corporate S ummary
May 2015
Cautionary Note Regarding Forward-looking S tatement
CAUTIONARY NOTE REGARDING FORWARD-LOOKING S TATEMENTS : This present at ion cont ains “ forward-looking st at ement s” wit hin t he meaning of t he Unit ed S t at es Privat e S ecurit ies Lit igat ion Reform Act of 1995 and applicable Canadian securit ies legislat ion. Except for st at ement s of hist orical fact relat ing t o t he Company, informat ion cont ained herein const it ut es forward-looking st at ement s, including any informat ion as t o t he Company’ s st rat egy, plans or fut ure financial or operat ing performance. Forward-looking st at ement s are charact erized by words such as “ plan,” “ expect ” , “ budget ” , “ t arget ” , “ proj ect ” , “ int end,” “ believe” , “ ant icipat e” , “ est imat e” and ot her similar words, or st at ement s t hat cert ain event s or condit ions “ may” or “ will” occur. Forward-looking st at ement s are based on t he opinions, assumpt ions and est imat es of management considered reasonable at t he dat e t he st at ement s are made, and are inherent ly subj ect t o a variet y of risks and uncert aint ies and ot her known and unknown fact ors t hat could cause act ual event s or result s t o differ mat erially from t hose proj ect ed in t he forward-looking st at ement s. These fact ors include t he Company’ s expect at ions in connect ion wit h t he expect ed product ion and explorat ion, development and expansion plans at t he Company’ s proj ect s discussed herein being met, the impact of proposed opt imizat ions at t he Company’ s proj ect s, t he impact of t he proposed new mining law in Brazil and t he impact of general business and economic condit ions, global liquidit y and credit availabilit y on t he t iming of cash flows and t he values of asset s and liabilit ies based on proj ect ed fut ure condit ions, fluct uat ing met al prices (such as gold, copper, silver and zinc), currency exchange rat es (such as t he Brazilian Real, the Chilean Peso, t he Argent ine Peso, and t he Mexican Peso versus t he Unit ed S t at es Dollar), possible variat ions in ore grade or recovery rat es, changes in t he Company’ s hedging program, changes in account ing policies, changes in mineral resources and mineral reserves, risk relat ed t o non-core mine disposit ions, risks relat ed t o acquisit ions, changes in proj ect paramet ers as plans cont inue t o be refined, changes in proj ect development, const ruct ion, product ion and commissioning t ime frames, risk relat ed t o j oint venture operat ions, t he possibilit y of proj ect cost overruns or unant icipat ed cost s and expenses, higher prices for fuel, st eel, power, labour and ot her consumables cont ribut ing t o higher cost s and general risks of t he mining indust ry, failure of plant , equipment or processes t o operat e as ant icipat ed, unexpect ed changes in mine life, final pricing for concent rat e sales, unant icipat ed result s of fut ure st udies, seasonalit y and unant icipat ed weat her changes, cost s and t iming of t he development of new deposit s, success of explorat ion act ivit ies, permit t ing t ime lines, government regulat ion and t he risk of government expropriat ion or nat ionalizat ion of mining operat ions, environment al risks, unant icipat ed reclamat ion expenses, t it le disput es or claims, limit at ions on insurance coverage and t iming and possible out come of pending lit igat ion and labour disput es, as well as t hose risk fact ors discussed
- r referred t o in t he Company’ s current and annual Management ’ s Discussion and Analysis and t he Annual Informat ion Form for t he year ended
December 31st , 2014 filed wit h t he securit ies regulat ory aut horit ies in all provinces of Canada and available at www.sedar.com, and t he Company’ s Annual Report on Form 40-F for t he year ended December 31st, 2014 filed wit h t he Unit ed S t at es S ecurit ies and Exchange Commission. Alt hough t he Company has at t empt ed t o ident ify import ant fact ors t hat could cause act ual act ions, event s or result s t o differ mat erially from t hose described in forward-looking st at ement s, t here may be ot her fact ors t hat cause act ions, event s or result s not t o be ant icipat ed, est imat ed or int ended. There can be no assurance t hat forward-looking st at ement s will prove t o be accurat e, as act ual result s and fut ure events could differ mat erially from t hose ant icipat ed in such st at ement s. The Company undert akes no obligat ion t o updat e forward-looking st at ement s if circumst ances or management ’ s est imat es, assumpt ions or opinions should change, except as required by applicable law. The reader is caut ioned not t o place undue reliance on forward-looking st at ement s. The forward-looking informat ion cont ained herein is present ed for t he purpose of assist ing invest ors in underst anding t he Company’ s expect ed financial and operat ional performance and result s as at and for t he periods ended on t he dat es present ed in t he Company’ s plans and obj ect ives and may not be appropriat e for ot her purposes.
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