−Removed: Quantitative and Qualitative Disclosures
−Removed: About Market Risk
+Added: Quantitative and Qualitative Disclosures About Market Risk
Interest Rate Risk
2 unchanged sentences
government and debt securities rated “investment grade” or better.
−Removed: The rates received on such
−Removed: investments may fluctuate with changes in economic conditions.
−Removed: Based on the average cash and investment balances outstanding during the
−Removed: first nine months of 2025, a 1% decrease in interest rates would have resulted in only a nominal reduction in interest income for the
+Added: The rates received on such investments
+Added: may fluctuate with changes in economic conditions.
+Added: Based on the average cash and investment balances outstanding during the first three
+Added: months of 2026, a 1% decrease in interest rates would have resulted in only a nominal reduction in interest income for the period.
Foreign Currency Exchange Risk
1 unchanged sentence
dollars, certain purchases of labor, services, supplies and capital assets are denominated in other currencies, primarily
−Removed: in Mexico and Argentina.
+Added: in Argentina.
As a result, currency exchange fluctuations may impact the costs of our exploration and mining activities.
−Removed: reduce this risk, we maintain minimum cash balances in foreign currencies and complete most of our purchases in U.S.
+Added: To reduce this
+Added: risk, we maintain minimum cash balances in foreign currencies and complete most of our purchases in U.S.
Commodity Price Risk
−Removed: We are primarily engaged
−Removed: in the exploration of properties containing gold, silver, copper, zinc, lead and other minerals.
−Removed: As a result, decreases in the price
−Removed: of any of these metals have the potential to negatively impact our ability to establish reserves and mine on our properties.
−Removed: hold no commodity derivative positions.
+Added: We are primarily engaged in
+Added: the exploration of properties containing gold, silver, zinc, lead and other minerals.
+Added: As a result, decreases in the price of any of these
+Added: metals have the potential to negatively impact our ability to establish reserves and mine on our properties.
+Added: We currently hold no commodity
+Added: derivative positions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.