Risk Factors Update Summary
- Enhanced cybersecurity measures implemented, including annual NIST self-assessment and 10% IT budget allocation.
- Added mineral reserves at December 31, 2023, were approximately $2.7 billion, up from $2.6 billion in 2022.
- Detailed crisis communication and response guidelines for material cybersecurity incidents, involving management and the board.
- Realized average prices for metals sold were lower in 2023 compared to 2022, except for gold.
- Robust board and management oversight of cybersecurity threats, with regular reports and reviews conducted.
- Net loss in 2023 was $84.2 million, up from $37.3 million in 2022.
- Total indebtedness as of December 31, 2023, was approximately $671 million, up from $527 million in 2022.
- Accrued provision for environmental and asset retirement obligations was $120.5 million at December 31, 2023, up from $117 million in 2022.
- In 2023, the three largest customers accounted for 24%, 16%, and 11% of total revenues, down from 35%, 16%, and 11% in 2022.
- The Senior Notes were rated "BB-" by Standard & Poor's and "B2" by Moody's Investors Service in 2024.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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