Argo Mining Profitability and Expansion Update
LEGAL DISCLAIMERS
Forward Looking Statements
This presentation contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995, including statements regarding the build-out
and expected completion of our Helios mining facility in Texas.
Forward-looking statements can be identified by words like "may," "will,"
"likely," "should," "expect," "anticipate," "future," "plan," "believe," "intend,"
"goal," "seek," "estimate," "project," "continue" and similar expressions.
Forward-looking statements are neither historical facts nor assurances of
future performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business, future
plans and strategies, projections, anticipated events and trends, the
economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict and many
of which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause our actual results and
financial condition to differ materially from those indicated in the
forward-looking statements include, the principal risks and uncertainties
listed in our risk factors set forth in our filings with the Securities and
Exchange Commission (the SEC).
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Non-IFRS Measures
This presentation contains references to certain non-IFRS measures
including EBITDA, EBITDA margin and mining margin, each of which are not
recognized under International Financial Reporting Standards ("IFRS"). Our
management team uses these non-IFRS financial measures to evaluate our
profitability and efficiency, to compare operating results to prior periods,
and to measure and allocate financial resources internally. The Company
believes that these non-IFRS financial measures may be helpful to investors
because they provide consistency and comparability with past financial
performance and may assist in comparisons with other companies, some
of which use similar non-IFRS financial information to supplement their IFRS
results. The non-IFRS financial information is presented for supplemental
informational purposes only, and should not be considered a substitute for
financial information presented in accordance with IFRS, and may be
different from similarly titled non-IFRS measures used by other companies.
EBITDA, EBITDA margin and mining margin each have limitations as
analytical tools, and you should not consider any of these measures either
in isolation or as a substitute for other methods of analyzing the results as
reported under IFRS.
Exchange Rates
For the convenience of the reader, in this presentation, unless otherwise
indicated, translations from pound sterling into U.S. dollars were made at
the rate of £1.00 to $1.31. Such U.S. dollar amounts are not necessarily
indicative of the amounts of U.S. dollars that could actually have been
purchased upon exchange of pound sterling at the dates indicated or any
other date.
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