AUMN APEX SILVER MINES LTD

"While we believe our existing cash and investment balances will be adequate to fund these requirements, we may access the capital markets for additional funding should the need arise."

distress relevance: 0.71 market specificity: 1.00 score: 0.714 mda

anchor: we may need to raise additional capital to fund operations

"We may be unable to comply with the terms and covenants of the debt financing for our San Cristobal project."

distress relevance: 0.61 market specificity: 1.00 score: 0.608 risk_factors

anchor: our debt covenants restrict our ability to operate

"We intend to maintain standards of environmental compliance consistent with regulatory requirements."

distress relevance: 0.60 market specificity: 1.00 score: 0.597 mda

anchor: we are subject to formal regulatory enforcement action

"Failure to meet one or more of these conditions or covenants could prevent us from future borrowing under the loan facility and could cause the lenders to declare us in default on our existing obligations."

distress relevance: 0.59 market specificity: 1.00 score: 0.593 risk_factors

anchor: our debt covenants restrict our ability to operate

"The failure to establish additional reserves could restrict our ability to successfully implement our strategies for long term growth beyond the San Cristobal project."

distress relevance: 0.59 market specificity: 1.00 score: 0.588 risk_factors

anchor: our cash reserves may be insufficient to fund operations

"As of December 31, 2004, we had a material weakness in our internal controls because we lacked a sufficent complement of personnel with a level of accounting expertise that is commensurate with our financial reporting requirements."

distress relevance: 0.76 market specificity: 1.00 score: 0.758 risk_factors

anchor: material weakness in internal control over financial reporting

"Investors in Apex Silver should consider carefully, in addition to the other information contained in, or incorporated by reference into, this report, the We have identified a material weakness in our internal controls over financial reporting."

distress relevance: 0.71 market specificity: 1.00 score: 0.715 risk_factors

anchor: material weakness in internal control over financial reporting

"However, we have not yet been able to test and assess the operating effectiveness of our internal controls, including these mitigating steps, surrounding the financial reporting process, and testing may reveal similar or additional weaknesses in the design and effectiveness related to the financial reporting process."

distress relevance: 0.66 market specificity: 1.00 score: 0.659 risk_factors

anchor: our internal controls over financial reporting are not effective

"Further, our independent registered public accounting firm has issued an adverse opinion on our internal controls as of December 31, 2004."

distress relevance: 0.60 market specificity: 1.00 score: 0.605 risk_factors

anchor: our internal controls over financial reporting are not effective

"The failure to establish additional reserves could restrict our ability to successfully implement our strategies for long term growth beyond the San Cristóbal project."

distress relevance: 0.59 market specificity: 1.00 score: 0.588 risk_factors

anchor: our cash reserves may be insufficient to fund operations