CAUTIONARY NOTE TO U.S. INVESTORS ON RESOURCES AND RESERVES
U.S. Investors are cautioned that the terms “Measured”, “Indicated” and “Inferred” Resources and “Probable” or “Proven” Reserves are not recognized by the SEC and they should not assume that any or all of the mineral resources in these categories will ever be converted into reserves. Inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Certain reserves disclosed throughout the website have been calculated in accordance with Canadian National Instrument 43-101 (“NI 43-101”), and these may not be comparable to reserves calculated by U.S. companies in accordance with SEC Industry Guide 7. U.S. investors are cautioned not to assume that all or any part of a proven or probable reserve under NI 43-101 would constitute a reserve under U.S. standards or has been determined to be legally mineable. For the details of reserve and resource calculations disclosed herein and the details of key assumptions, parameters and other relevant technical information associated therewith, readers should refer to the technical reports posted on the Company’s website and filed on www.sedar.com under the Allied Nevada profile, for each of the material properties discussed herein.
Allied Nevada provides the non-GAAP measure “cost of sales per gold ounce”. The Company believes that, in addition to conventional measures prepared in accordance with United States generally accepted accounting principles (U.S. “GAAP”), stakeholders use non-GAAP measures to evaluate the Company’s performance and its ability to generate cash flow. This non-GAAP measure does not have any standardized meaning prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other companies. Accordingly, the above measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.