Legal
Terms of use
The website www.amarillogold.com (“website”) is owned and operated by Amarillo Gold Corporation. Where we say
we,
us, our, the Company, Amarillo, or Amarillo Gold, we mean Amarillo Gold Corporation and/or one or more or all of
its
affiliates, as may be applicable.
Your use of this website is governed by the following.
This website is purely a public resource of general information about Amarillo. Although we intend that this
information is correct, we do not represent or guarantee the accuracy, adequacy, or completeness of any
of the information, its fitness for any particular purpose, or the website’s freedom from computer viruses.
The facts and information provided to users are for informational purposes only. Users should not rely on
information on this website for any purpose other than for gaining general knowledge of Amarillo. Material
may be changed or updated without notice.
While we try to update the information on the website regularly, such information is not intended to be a
comprehensive review of all matters and developments concerning Amarillo, and Amarillo cannot
guarantee the accuracy, currency, or completeness of the information at all times and assumes no
responsibility in this regard.
Trademarks and copyright
Certain names, graphics, logos, icons, designs, words, titles, or phrases on this website may constitute
trade names or trademarks of Amarillo. The display of any trademark does not imply that a license of any
kind to use the trademark has been granted. All information found in the pages of this website is protected
under the copyright laws of Canada and in other countries.
Unless otherwise specified, no user has permission to copy, redistribute, reproduce, or republish, in any
form, any information found in the pages of this website. Any user who, without authorization, retransmits,
copies, or modifies any trademarks may violate federal or common law trademark and/or
copyright law, and may be subject to legal action.
Disclaimer
Material on this website may contain inaccuracies, omissions, or typographical errors, for which Amarillo
assumes no responsibility. Amarillo shall not be liable or responsible for any claim or damage, direct or
indirect, special, or consequential, incurred by the user arising out of the interpretation, reliance upon, or
other use of the information contained in the pages of this website.
No offering
The information contained on this website should not be construed as a prospectus, a formal support to
any capital raising activity or as an invitation to invest or otherwise deal in the shares or other securities
or
instruments of Amarillo or any of its associates.
Terms of use Cautionary note regarding forward-looking information
Certain statements contained on this website constitute forward-looking information under the provisions
of Canadian provincial securities laws and forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995, and are referred to herein as forward-looking
statements
When used on this website, the words anticipate, could, estimate, expect, forecast, future, plan, possible,
potential, will, and similar expressions are intended to identify forward-looking statements. Such
statements include, without limitation:
- statements regarding the Company’s plans to resume operations following temporary suspensions of operations
related to the COVID-19 pandemic, including the timing thereof and impacts on anticipated gold production
and costs, as well as expected activities while such suspensions are ongoing
- statements regarding the impact of the COVID-19 pandemic and measures taken to reduce the spread of COVID-19
on the Company’s operations and overall business project timelines, drilling results, metal production, life
of mine estimates, total cash costs per ounce, allin sustaining costs per ounce, mine site costs per tonne,
other expenses, cash flows and free cash flow
- the estimated timing and conclusions of technical studies and evaluations; the methods by which ore will be
extracted or processed
- statements concerning the Company’s development plans at its Posse Gold Project in Brazil, including the
timing, funding, completion, and commissioning thereof
- statements concerning other exploration projects, recovery rates, mill throughput, optimization and
projected exploration, including costs and other estimates upon which such projections are based
- statements regarding timing and amounts of capital expenditures, other expenditures and other cash needs,
and expectations as to the funding thereof
- estimates of future mineral reserves, mineral resources, mineral production, optimization efforts and sales
- the projected development of certain ore deposits, including estimates of exploration, development and
production and other capital costs and estimates of the timing of such exploration, development and
production or decisions with respect to such exploration, development and production
- estimates of mineral reserves and mineral resources and the effect of drill results on future mineral
reserves and mineral resources
- statements regarding the Company’s ability to obtain the necessary permits and authorizations in connection
with its proposed or current exploration, development and mining operations and the anticipated timing
thereof
- statements regarding anticipated future exploration
- the anticipated timing of events with respect to the Company’s proposed mine sites
- statements regarding the sufficiency of the Company’s cash resources and
- statements regarding anticipated trends with respect to the Company’s operations, exploration and the
funding thereof.
Such statements reflect the Company’s views as at the date of such statements and are subject to certain
risks, uncertainties and assumptions, and undue reliance should not be placed on such statements.
Forward-looking statements are necessarily based upon numerous factors and assumptions that, while
considered reasonable by Amarillo as of the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
The material factors and assumptions used in the preparation of the forward looking statements contained
herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein
and in management’s discussion and analysis (“MD&A”) and the Company’s Annual Information Form
(“AIF”) for the most recently completed financial year filed with Canadian securities regulators as well as:
- the effect of the Covid-19 pandemic on the Company’s operations
- that governments, the Company, or others do not take additional measures in response to the Covid-19
pandemic or otherwise that, individually or in the aggregate, materially affect the Company’s ability to
operate its business
- that cautionary measures taken in connection with the COVID-19 pandemic do not affect productivity
- that measures taken relating to, or other effects of, the COVID-19 pandemic do not affect the Company’s
ability to obtain necessary supplies and deliver them to its operating sites
- that there are no significant disruptions affecting operations
- that permitting, development, expansion, and the ramp up of operations at each of Amarillo’s properties
proceeds on a basis consistent with current expectations and plans
- that the relevant metal prices, foreign exchange rates, and prices for key mining and construction supplies
will be consistent with Amarillo’s expectations
- that Amarillo’s current estimates of mineral reserves, mineral resources, mineral grades, and metal recovery
are accurate
- that there are no material delays in the timing for completion of ongoing growth projects and
- that there are no material variations in the current tax and regulatory environment. Many factors, known and
unknown, could cause the actual results to be materially different from those expressed or implied by such
forward looking statements. Such risks include, but are not limited to:
- the extent and manner to which Covid-19, and measures taken by governments, the Company or others to attempt
to reduce the spread of Covid-19, may affect the Company, whether directly or through effects on employee
health, workforce productivity and availability, travel restrictions, contractor availability, supply
availability, availability of insurance and the cost thereof, the ability to procure inputs required for the
Company’s operations and projects or other aspects of the Company’s business
- uncertainties with respect to the effect on the global economy associated with the Covid-19 pandemic and
measures taken to reduce the spread of Covid-19, any of which could continue to negatively affect financial
markets, including the trading price of the Company’s shares and the price of gold, and could adversely
affect the Company’s ability to raise capital
- the volatility of prices of gold and other metals
- uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates
- uncertainty of future production, project development, capital expenditures and other costs
- foreign exchange rate fluctuations
- financing of the Posse Gold Project and other additional capital requirements
- cost of exploration and development programs
- mining risks
- community protests
- risks associated with foreign operations
- governmental and environmental regulation and
- the volatility of the Company’s stock price.
For a more detailed discussion of such risks and other factors that may affect the Company’s ability to
achieve the expectations set forth in the forward-looking statements contained herein, see the AIF and
MD&A filed on SEDAR at www.sedar.com, as well as the Company’s other filings with the Canadian
securities regulators.
Other than as required by law, the Company does not intend, and does not assume any obligation, to
update these forward-looking statements.
Notes to investors regarding the use of Mineral Resources
The mineral reserve and mineral resource estimates contained herein have been prepared in accordance
with the Canadian securities administrators’ (the “CSA”) National Instrument 43-101 Standards of
Disclosure for Mineral Projects (“NI 43-101”).
These standards are similar to those used by Securities Exchange Commission (“SEC”) Industry Guide No.
7, as interpreted by the SEC staff. However, the definitions in NI 43-101 differ in certain respects from those
under SEC Industry Guide 7.
Accordingly, Mineral Reserve and Mineral Resource information contained herein may not be comparable
to similar information disclosed by United States companies. Under the SEC’s Industry Guide 7,
mineralization may not be classified as a “Reserve” unless the determination has been made that the
mineralization could be economically and legally produced or extracted at the time the reserve
determination is made.
Investors should not assume that any part or all of the mineral deposits in the categories of Measured
Mineral Resources, Indicated Mineral Resources, and Inferred Mineral Resources will ever be converted into a
higher category of Mineral Resources or into Mineral Reserves. These terms have a great amount of
uncertainty as to their economic and legal feasibility.
Under Canadian regulations, estimates of Inferred Mineral Resources may not form the basis of feasibility
or pre-feasibility studies, except in limited circumstances. Investors are cautioned not to assume that any
Measured Mineral Resources, Indicated Mineral Resources, or Inferred Mineral Resources that the Company
reports herein are or will be economically or legally mineable.
Further, Inferred Mineral Resources have a great amount of uncertainty as to their existence and as to their
economic and legal feasibility. It cannot be assumed that any part or all of an Inferred Mineral Resource
will ever be upgraded to a higher category.
The Mineral Reserve and Mineral Resource data set out herein are estimates, and no assurance can be
given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will
be realized. The Company does not include equivalent gold ounces for by-product metals contained in
Mineral Reserves in its calculation of contained ounces and Mineral Reserves are not reported as a subset
of mineral resources.
Note regarding certain measures of performance
This website discloses certain measures, including total cash costs per ounce and all-in sustaining costs per
ounce that are not standardized measures under IFRS. These measures may not be comparable to similar
measures reported by other gold mining companies. For a reconciliation of these measures to the most
directly comparable financial information presented in the technical report titled Amended and Restated NI
43-101 Technical Report, Definitive Feasibility Study, Posse Gold Project, Brazil, dated August 3, 2020, and
filed on SEDAR at www.sedar.com.
External links and third-party content disclaimer
The website contains links to websites owned or operated by other entities which are not associated or
affiliated with Amarillo.
These links are provided solely as a convenience to you and the inclusion of any link does not imply
endorsement, investigation, or verification by Amarillo of the linked website or information contained
therein or of their security or privacy practices.
Amarillo shall not be responsible for the content of any other linked websites and makes no representation
or warranty regarding any other websites or the contents on such websites. If you decide to access other
websites, you do so at your own risk and agree to indemnify and hold Amarillo harmless from any costs or
liabilities incurred.
Framing of website or any of its content in any form and by any method is strictly prohibited.
Stock quotes
All quotes are delayed at least 20 minutes unless otherwise stated.
All stock quotes and historical stock price data are provided by third party service providers and are
provided for informational purposes only, and not intended for trading purposes.
If you are contemplating trading in the securities of Amarillo, we strongly advise you to seek independent
professional advice before making any investment decision. Amarillo makes no representation or warranty
regarding the accuracy or completeness of any such stock price quotes or historical stock price data and
has not taken any steps to verify the adequacy, accuracy or completeness of the information provided
herein.
Privacy policy
Protecting your privacy is important to us. We hope the following statement will help you understand how
Amarillo collects, uses, and safeguards the personal information you provide on our website.
When you browse Amarillo’s website, you do so anonymously. We do not collect personal information;
including your e-mail address. We do log the Internet (IP) address of your computer to give us an idea of
which parts of our website you visit and how long you spend there. But we do not link your IP address to
anything personally identifiable. The only other information automatically provided to us is the type of
computer and operating system you are using. Your browser supplies us with this information.
At times we may request that you voluntarily supply us with personal information, such as your e-mail
address and postal address, for purposes such as corresponding with us. We do not share this data with
anyone else and no one else can access your information unless we are compelled by law or a law
enforcement agency to produce required electronic documentation.
If you wish to be removed from our database or have any questions about the operation of our website,
please write to info@amarillogold.com.
Amarillo’ s privacy statement is subject to change at any time and without notice. Please check this page
for updates.
Cookies
Cookies are small text files placed on your computer by websites that you visit to make websites work, or
work more efficiently, as well as to provide information to the owners of the site. Our websites use Google
Analytics cookies to collect information about how visitors use our websites.
We use the information to compile reports and to help us improve our websites and the user experience.
The cookies collect information in an anonymous form, including the number of visitors to the site, where
visitors have come to the site from and the pages they visited. By accessing and using our websites, you
consent to the processing of data about you for the purposes set out above.
Your web browsers may allow some control of cookies through the browser settings. You may learn more
about cookies, including how to see what cookies have been set and how to manage and delete them,
at www.allaboutcookies.org. To opt out of being tracked by Google Analytics across all websites
visit https://tools.google.com/dlpage/gaoptout.
Jurisdiction
The laws of the Province of Ontario and any applicable federal laws of Canada will govern this Legal Notice
and your use of the website. The courts of the Province of Ontario will have exclusive jurisdiction over any
dispute arising out of your use of the website.
Last updated: May 2021