New Risk • May 05
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$3.6m 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$3.6m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$30.1m market cap, or US$22.1m). New Risk • May 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$27.1m market cap, or US$20.0m). Announcement • Feb 17
Daura Gold Corp. Commences Drilling At Cerro Bayo Gold-Silver Project, Argentina Latin Metals Inc. reported that its option partner, Daura Gold Corp. ("Daura"), has commenced Phase One diamond drilling at the Cerro Bayo Gold-Silver Project, located in Santa Cruz Province, Argentina. Cerro Bayo is being advanced under an option agreement pursuant to which Daura can earn up to an 80% interest in the project through staged cash payments and exploration expenditures. All drilling and exploration activities at Cerro Bayo are fully funded by Daura. The Phase One drill program comprises approximately 22 diamond drill holes totaling 1,500 metres, designed to test 15 priority exploration targets generated from the integration of historical geochemical sampling and recent induced polarization ("IP") geophysical surveys, including gradient array IP and IP profiling. In the northern target area, three pole-dipole IP profile lines have outlined eight drill targets. Initial drilling will focus on three priority targets, to be tested by ten diamond drill holes totaling approximately 500 metres. In the southern target area, seven priority drill targets have been defined and will be tested by 14 diamond drill holes totaling approximately 1,000 metres. The objective of the Phase One program is to confirm the presence, continuity, and orientation of mineralized structures at depth, while advancing multiple target areas toward potential follow-up drilling. 
