Cautionary Note Regarding Forward-looking Information and Non-IFRS Measures
Except for the statements of historical fact contained herein, the information presented on this webpage and attachments constitutes “forward-looking statements”, within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Horizon Copper Corp. (“Horizon” or the “Company”). Forward-looking statements include, but are not limited the future price of gold, copper, and other metals, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production, and changes to production guidance. Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances, or achievements of Horizon to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Horizon will operate in the future, including the receipt of all required approvals, the price of copper and gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the operations in which Horizon will have an interest, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Horizon to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations which Horizon does not operate or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of copper, gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility.
Although Horizon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Horizon does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws. Horizon has included certain performance measures in this information that do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) including all-in sustaining cost per gold ounce (“AISC”) on a co-product basis & by-product basis and C1 costs per gold ounce on a by-product basis. With respect to the Hod Maden project, the Company presents these non-IFRS financial measures or ratios as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other companies in the mining industry that present results on a similar basis.
The presentation of these non-IFRS measures 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 IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change.