New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$13m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$123.2m market cap, or US$86.5m). Announcement • Jun 17
Lavras Gold Corp. Appoints Federico G. Velásquez as Director, Effective June 10, 2026 Lavras Gold Corp. announced that effective June 10, 2026, Mr. Federico G. Velásquez has been appointed as a director of the Company. Mr. Velásquez is currently the President and CEO of the Company. Mr. Velásquez is an accomplished metals and mining professional with over 20 years of international experience and a proven track record of leading operational, corporate, regulatory and social performance strategies. Most recently, he served as Board member and President-Peru at Highlander Silver Corp, where he was responsible for unlocking the value of the San Luis silver project. His extensive career also includes senior leadership roles at Solaris Resources, where he served as President of Latin American Operations, where he unlocked Ecuador's Warintza project. New Risk • May 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$13m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$131.9m market cap, or US$95.6m). 
