Cautionary Note

CAUTIONARY NOTE REGARDING "FORWARD-LOOKING INFORMATION":

THIS WEBSITE CONTAINS "FORWARD-LOOKING INFORMATION" OR "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF CANADIAN AND UNITED STATES SECURITIES LAWS, WHICH WE WILL REFER TO AS "FORWARD-LOOKING INFORMATION". WHEN WE DISCUSS:
  • PRODUCTION FROM MOUNT POLLEY MINE;
  • OUR SHARE OF PLANNED PRODUCTION FROM HUCKLEBERRY MINE;
  • PROVEN/PROBABLE MINERAL RESERVE ESTIMATES FOR HUCKLEBERRY AND MOUNT POLLEY MINES AND RED CHRIS;
  • INDICATED/MEASURED MINERAL RESOURCE ESTIMATES FOR HUCKLEBERRY AND MOUNT POLLEYMINES, RED CHRIS, STERLING, MOUNT POLLEY, RUDDOCK CREEK AND CATFACE PROPERTIES;
  • PLANNED EXPLORATION PROGRAMS AND ACTIVITIES;
  • COSTS AND TIMING OF CURRENT AND PROPOSED DEVELOPMENT, PRODUCTION AND MARKETING;
  • FUTURE PRICES OF COPPER AND GOLD; OR
  • OTHER THINGS THAT HAVE NOT YET HAPPENED ON THIS WEBSITE;
WE ARE PROVIDING INFORMATION CONSIDERED TO BE FORWARD-LOOKING INFORMATION UNDER CANADIAN AND UNITED STATES SECURITIES LAWS. THE FORWARD-LOOKING INFORMATION ON THIS WEBSITE TYPICALLY INCLUDES WORDS AND PHRASES ABOUT THE FUTURE, SUCH AS: PLAN, EXPECT, FORECAST, INTEND, ANTICIPATE, ESTIMATE, BUDGET, SCHEDULED, BELIEVE, MAY, COULD, WOULD, MIGHT AND WILL.

WE CAN GIVE NO ASSURANCE THAT THE FORWARD-LOOKING INFORMATION WILL PROVE TO BE ACCURATE. IT IS BASED ON A NUMBER OF ASSUMPTIONS MANAGEMENT BELIEVES TO BE REASONABLE, INCLUDING BUT NOT LIMITED TO:
  • THE CONTINUED OPERATION OF THE COMPANY'S MINING OPERATIONS;
  • NO MATERIAL ADVERSE CHANGE IN THE MARKET PRICE OF COMMODITIES AND EXCHANGE RATES;
  • THAT THE MINING OPERATIONS WILL OPERATE AND THE MINING PROJECTS WILL BE COMPLETED IN ACCORDANCE WITH THEIR ESTIMATES AND ACHIEVE STATED PRODUCTION OUTCOMES; AND
  • SUCH OTHER ASSUMPTIONS AND FACTORS AS SET OUT HEREIN.
IT IS ALSO SUBJECT TO RISKS ASSOCIATED WITH OUR BUSINESS, INCLUDING BUT NOT LIMITED TO:
  • RISKS INHERENT IN THE MINING AND METALS BUSINESS;
  • COMMODITY PRICE FLUCTUATIONS AND HEDGING;
  • COMPETITION FOR MINING PROPERTIES;
  • SALE OF PRODUCTS AND FUTURE MARKET ACCESS;
  • MINERAL RESERVES AND RECOVERY ESTIMATES;
  • CURRENCY FLUCTUATIONS;
  • INTEREST RATE RISKS;
  • FINANCING RISKS;
  • ENVIRONMENTAL RISKS;
  • FOREIGN ACTIVITIES;
  • LEGAL PROCEEDINGS; AND
  • OTHER RISKS THAT ARE SET OUT IN OUR ANNUAL INFORMATION FORM AND MANAGEMENT'S DISCUSSION & ANALYSIS.
IF OUR ASSUMPTIONS PROVE TO BE INCORRECT OR RISKS MATERIALIZE, OUR ACTUAL RESULTS AND EVENTS MAY VARY MATERIALLY FROM WHAT WE CURRENTLY EXPECT AS SET OUT IN THE INFORMATION PROVIDED ON THIS WEBSITE. WE RECOMMEND YOU REVIEW OUR ANNUAL INFORMATION FORM AND ANNUAL MANAGEMENT'S DISCUSSION AND ANALYSIS, WHICH INCLUDE A DISCUSSION OF MATERIAL RISKS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM OUR CURRENT EXPECTATIONS. FORWARD-LOOKING INFORMATION IS DESIGNED TO HELP YOU UNDERSTAND MANAGEMENT'S CURRENT VIEWS OF OUR NEAR AND LONGER TERM PROSPECTS, AND IT MAY NOT BE APPROPRIATE FOR OTHER PURPOSES. WE WILL NOT NECESSARILY UPDATE THIS INFORMATION UNLESS WE ARE REQUIRED TO BY SECURITIES LAWS.