Risk-factor diff
FY 2025 10-K vs. FY 2024Net-new paragraphs in the most recent 10-K's Item 1A. Companies rarely add risk language without a real reason — additions here are often a leading signal of management concerns.
“The following information about Çöpler is historical in nature and is as of February 13, 2024 only. As described in”
“, all operations at Çöpler have ceased following the Çöpler Incident and we are unable to determine at this time when operations at Çöpler will resume, if at all. We have not determined that, if we resume operations at Çöpler, the proven and probable reserve estimates by mineral for Çöpler presented below continues to be accurate or will be accurate at such time as the Company resumes operations at Çöpler.”
“The Mineral Reserves presented below as of December 31, 2025 and December 31, 2024 have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) Regulation S-K subpart 1300 rules for Property Disclosures for Mining Registrants (“S-K 1300”), and have been approved by the Qualified Persons. Mineral Reserves metal prices used for preparation of the 2025 Reserve estimate, which were selected, in each case, by the Qualified Persons are: $1,700 per gold ounce, $20.50 per silver ounce, $0.90 per lead pound, $1.15 per zinc pound, and $3.50 per copper pound unless otherwise …”
“The point of reference for Mineral Reserves is the point of feed into the processing facility for all production projects except for Marigold and CC&V, which is entry into the carbon columns in the processing facility.”
“Tonnage is metric kilo tonnes (“kt”), ounces (“oz”) represent troy ounces, grade is grams per metric tonne (“g/t”), copper, lead and zinc grade are percent (“%”), and copper, lead and zinc metal are in million pounds (“Mlbs”).”
Policies & disclosures
Clawback, anti-hedging, stock ownership, and related-party policies will populate from extracted proxy sections.