3
enforcement of civil liabilities in the United States and elsewhere;
our common shares continuing not to pay cash dividends;
our securities, including in relation to both company performance and general security market
conditions;
the continued listing requirements of the NYSE MKT and the “penny stock” rules;
tax consequences to U.S. shareholders related to our potential status as a “passive foreign investment
company”;
risk factors discussed in this Annual Report; and
other factors, many of which are beyond our control.
This list is not exhaustive of the factors that may affect our forward-looking statements. Some of the important risks
and uncertainties that could affect forward-looking statements are described further under the section headings “Item
1. Business,” “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations” of this Annual Report. Although we have attempted to identify important factors that
could cause actual results to differ materially from those described in forward-looking statements, there may be
other factors that cause results not to be as anticipated, estimated or intended. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary, possibly
materially, from those anticipated, believed, estimated or expected. We caution readers not to place undue reliance
on any such forward-looking statements, which speak only as of the date made. Except as required by law, we
disclaim any obligation to revise any forward-looking statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated events.
We qualify all of the forward-
looking statements contained in this Annual Report by the foregoing cautionary statements.
GLOSSARY OF TERMS
Conversion Factors and Abbreviations
All units in this Annual Report are stated in metric measurements unless otherwise noted. For ease of reference, the
following conversion factors are provided:
To Convert Imperial Measurement Units
To Metric Measurement Units
Multiply by
Acres
Hectares
0.4047
Feet
Meters
0.3048
Miles
Kilometers
1.6093
Tons (short)
Tonnes
0.9071
Gallons
Liters
3.7850
Ounces (troy)
Grams
31.103
Ounces (troy) per ton (short)
Grams per tonne
34.286
We report our mineralized material under two separate standards to meet the requirements for reporting in both
Canada and the United States. Canadian reporting requirements for disclosure of mineral properties are governed by
National Instrument 43-101 (“NI 43-101”). The definitions in NI 43-101 are adopted from those given by the
Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”). United States reporting requirements for
disclosure of mineral properties are governed by the Securities and Exchange Commission (“SEC”) Industry Guide
7. These reporting standards have similar goals in terms of conveying an appropriate level of confidence in the
disclosures being reported but embody differing approaches and definitions.
We estimate and report our mineralized material according to the definitions set forth in NI 43-101 and modify them
as appropriate to conform to SEC Industry Guide 7 for reporting in the United States. The definitions for each
reporting standard are presented below with supplementary explanation and descriptions of the similarities and
differences.
