34 unchanged sentences
Our ability to obtain additional financing in the future will depend upon a number of factors, including prevailing capital market conditions, the status of the national and worldwide economy, our business performance and the price of gold and other precious metals.
−Removed: Capital markets worldwide have been adversely affected during the past few years, including in 2023, by substantial losses by financial institutions, increased inflation, the outbreak of conflicts around the globe and market volatility due to the lingering effects of the COVID-19 pandemic, among other things.
+Added: Capital markets worldwide have been adversely affected during the past few years, including in 2024, by substantial losses by financial institutions, increased inflation, the outbreak of conflicts around the globe and market volatility.
Failure to obtain such additional financing on favorable terms or at all could result in delay or indefinite postponement of further exploration, development, or mining operations and the possible partial or total loss of our interests in the Livengood Gold Project.
38 unchanged sentences
Management anticipates that costs at the Livengood Gold Project will frequently be subject to variation from one year to the next due to a number of factors, such as changing ore grade, metallurgy and revisions to mine plans, if any, in response to the physical shape and location of the ore body.
−Removed: In addition, costs are affected by the price of commodities such as fuel, rubber and electricity.
−Removed: Such commodities are at times subject to volatile price movements, including increases that could make production less profitable or not profitable at all.
−Removed: A material increase in costs could also impact our ability to maintain operations and have a significant effect on the Company’s profitability in the event that a production decision is made.
+Added: In addition, costs are affected by the price of commodities such as steel, fuel, rubber and electricity.
+Added: Such commodities are at times subject to a number of factors that may cause their price to increase, such as volatile price movements, supply chain challenges and geopolitical events including imposition of tariffs and retaliatory trade measures.
+Added: Any such increase in price could result in a material increase in our costs, including future development and constructions costs, that could impact our ability to maintain operations and have a significant effect on the Company’s profitability in the event that a production decision is made.
The volatility of the price of gold could adversely affect any future operations and, if warranted, our ability to develop our properties .
9 unchanged sentences
fix, over the past five years:
−Removed: January 1, 2024 to February 29, 2024
+Added: January 1, 2025 to March 3, 2025
Our results of operations could be affected by currency fluctuations.
3 unchanged sentences
There can be significant swings in the exchange rate between the U.S.
−Removed: and Canadian dollar.
+Added: and Canadian dollar, including due to impacts of geopolitical events such as imposition of tariffs and retaliatory trade measures.
There are no plans at this time to hedge against any exchange rate fluctuations in currencies.
23 unchanged sentences
The Company may elect not to insure where premium costs are disproportionate to the Company’s perception of the relevant risks.
−Removed: The payment of such
−Removed: insurance premiums and of such liabilities would reduce the funds available for exploration and production activities, if warranted.
+Added: The payment of such insurance premiums and of such liabilities would reduce the funds available for exploration and production activities, if warranted.
Should events such as these that are not covered by insurance arise, they could reduce or eliminate our assets and shareholder equity as well as result in increased costs and a decline in the value of our assets or common shares.
31 unchanged sentences
In such cases, applicable mining laws usually provide for rights of access to the surface for the purpose of carrying on mining activities, however, the enforcement of such rights through the courts can be costly and time-consuming.
−Removed: It is necessary to
−Removed: negotiate surface access or to purchase the surface rights if long-term access is required.
+Added: It is necessary to negotiate surface access or to purchase the surface rights if long-term access is required.
There can be no guarantee that, despite having the right at law to access the surface and carry-on mining activities, the Company will be able to negotiate satisfactory agreements with any such existing landowners/occupiers for such access or purchase such surface rights, and therefore it may be unable to carry out planned exploration or mining activities.
26 unchanged sentences
Compliance with environmental laws and regulations and future changes in these laws and regulations may require significant capital outlays, cause material changes or delays in our current and planned operations and future activities and reduce the profitability of operations.
−Removed: It is possible that future changes in these laws or regulations could have
−Removed: a significant adverse impact on the Livengood Gold Project or some portion of our business, causing us to re-evaluate those activities at that time.
+Added: It is possible that future changes in these laws or regulations could have a significant adverse impact on the Livengood Gold Project or some portion of our business, causing us to re-evaluate those activities at that time.
Examples of current U.S.
27 unchanged sentences
Legislation and increased regulation regarding climate change could impose significant costs on us, our future partners and our suppliers, including costs related to increased energy requirements, capital equipment, environmental monitoring and reporting and other costs to comply with such regulations.
−Removed: Any adopted future climate
−Removed: change regulations could also negatively impact our ability to compete with companies situated in areas not subject to such limitations.
+Added: Any adopted future climate change regulations could also negatively impact our ability to compete with companies situated in areas not subject to such limitations.
Given the emotion, political significance and uncertainty around the impact of climate change and how it should be dealt with, we cannot predict how legislation and regulation will affect our financial condition, operating performance and ability to compete.
32 unchanged sentences
In general, under Section 382 of the U.S.
−Removed: Internal Revenue Code of 1986, as amended (the “Code”), a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change net operating loss carryforwards (“NOLs”) to offset
−Removed: future taxable income.
−Removed: Similarly, where control of a corporation has been acquired by a person or group of persons, subsection 111(5) of the Income Tax Act (Canada) (the “Canadian Tax Act”), and equivalent provincial income tax legislation restrict the corporation’s ability to carry forward non-capital losses from preceding taxation years.
+Added: Internal Revenue Code of 1986, as amended (the “Code”), a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change net operating loss carryforwards (“NOLs”) to offset future taxable income.
+Added: Similarly, where control of a corporation has been acquired by a person or group of persons, subsection 111(5) of the Canadian Tax Act, and equivalent provincial income tax legislation restrict the corporation’s ability to carry forward non-capital losses from preceding taxation years.
Our existing NOLs may be subject to limitations arising from previous ownership changes.
23 unchanged sentences
In 2024, the price of our common shares on the TSX ranged from a low of C$0.57 to a high of C$1.08, and on the NYSE American ranged from a low of $0.41 to a high of $0.80.
−Removed: From January 1, 2024 to February 29, 2024, the price of our common shares on the TSX ranged from a low of C$0.65 to a high of C$0.91, and on the NYSE American ranged from a low of $0.50 to a high of $0.69.
+Added: From January 1, 2025 to March 3, 2025, the price of our common shares on the TSX ranged from a low of C$0.65 to a high of C$0.77, and on the NYSE American ranged from a low of $0.45 to a high of $0.52.
There can be no assurance that significant fluctuations in the trading price of the Company’s common shares will not continue to occur, or that such fluctuations will not materially adversely impact the Company’s ability to raise equity funding without significant dilution to its existing shareholders, or at all.
22 unchanged sentences
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.