Meaningful Remaining LiabilitiesAlthough equity has recovered, elevated liabilities relative to assets leave the company exposed if revenue growth decelerates. Substantial obligations can constrain investment flexibility and increase refinancing risk during commodity-driven downturns over the medium term.
Volatile Profitability / EPS DeclineDeeply negative EPS growth and reported net income volatility indicate earnings instability. Persistent swings in profitability impair planning, make sustained dividend or buyback policies difficult, and weaken the company's ability to self-fund large development projects.
Commodity Price ExposureDependence on gold and silver prices creates structural revenue and margin sensitivity to global commodity cycles. Long-term project economics and cash flows can shift materially with metal prices, increasing operational planning risk and capital allocation uncertainty.