The growth opportunities described in this report are subject to significant risks and uncertainties. The growth opportunities discussed elsewhere in this report, including the Greens Creek pyrite concentrate circuit, the Greens Creek tailings reprocessing project, and the potential restart of our Midas mill (collectively, the “Growth Projects”), are in early stages of technical and economic evaluation and are subject to the following risks: •the costs of developing new orebodies, processing circuits, or facilities, and the risk that capital and operating costs may be higher, and returns lower, than currently estimated; •our ability to obtain and maintain permits and other governmental approvals on the timeline anticipated, or at all, including as a result of environmental, regulatory, or third-party review processes; •uncertainty in mineral resource and exploration estimates, including, with respect to the Midas restart, the risk that further exploration and delineation may not identify mineral resources sufficient to support a sustainable restart of operations; •the performance of new or modified metallurgical processes at a commercial scale, including with respect to the potential pyrite concentrate circuit and reprocessing of tailings at Greens Creek, which may differ materially from projected results and results obtained in preliminary testing; and •fluctuations in silver, gold, and other metals prices, which may significantly affect the economic attractiveness of these Growth Projects and may differ materially from the prices assumed in our current evaluations. In addition, the Growth Projects are subject to the risks described in Part I, Item 1A of our 2025 Form 10-K, including, without limitation, the following risks: •We are required to obtain governmental permits and other approvals in order to conduct mining operations. •Legal challenges could prevent exploration projects from being developed or existing mines from future expansion. •Our costs of extending existing reserves or development of new orebodies and other capital costs may be higher and provide less return than we estimated. •Our mineral reserve and resource estimates may be imprecise. •A substantial or extended decline in metals prices would have a material adverse effect on us. •Mine closure and reclamation regulations impose substantial costs on our operations and include requirements that we provide financial assurance supporting those obligations. These costs could significantly increase and we might not be able to provide financial assurance. Any decision to proceed with development of these projects would require further technical, economic, and regulatory review and approval by management and, where applicable, our Board of Directors. There is no assurance that any of these projects will be developed, or that if developed, will be profitable or completed on the timeline, at the cost, or with the results currently projected.