Porphyry Corridor Expands To Seven; Sandia Advances Toward Maiden Resource

Research evidence excerpt

Porphyry Corridor Expands To Seven; Sandia Advances Toward Maiden Resource

onal funding beyond our forecasts

and there can be no assurance that these funds will be available, or at an acceptable cost.

Environmental Risk – Risks assessed include water and waste recycle rates, electricity and

energy from renewables, emissions and energy intensity, scope 1 & 2 & 3 emissions, greenhouse

emission targets, reclamation and tailings targets, environmental incident counts and

environmental certifications, and preventative practices and monitoring.

Social Risk – Both national and local community support are critical to successfully building

and operating a mine. Some of the key elements to assess include workplace safety metrics,

community investment, economic value generated and distributed, procurement from local

vendors, percentage of costs spent with local suppliers and good stewardship of the local

environment.

Risks To The Price Target

The key risks to our target price include gold, silver, fuel, and power price risks; financial

risks, including risks to the cost and availability of financing; foreign exchange rate risks;

forecast risks, including capital and operating cost risks, risks related to deposit size, grade,

and mineability, and risks relating to production levels, metallurgical recoveries and smelter

terms; market risks; technical risks; infrastructure risks; transportation risk; political risks;

permitting risk; community social relations risks; labour relations risk; risks related to the cost

and availability of equipment and consumables; environmental risk; title risk; surface rights

risk; access risk; key personnel retention risk; and company-specific risks, including unforeseen

changes in the country’s legal and fiscal regime.

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