SLIDE 1
FORWARD-LOOKING STATEMENTS
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- This presentation contains forward-looking statements. All statements other than statements of present or historical facts are forward-looking.
Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “strategy”, “development”, “remains”, “target”, “growth”, “next 5 years and 5-year production and cost”, “continues”, “future”, “drivers”, “developing”, “no later than or through 2020”, “focus”, “2019 budget”, “Q1 2020”, “timetable”, “ongoing”, “preliminary”, “potential”, “to be”, “2019 Exploration Program”, “goal”, “vision”, “aim”, “forecast” and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability to (i) develop the Siou Underground on time and on budget, (ii) meet our 5-year target of 400,000+ ounces per year at $700/oz AISC, (iii) generate $1.2B of operating cash flow over the next 5 years at $1,300 gold price, (iv) develop a third cornerstone asset at Bantou, (v) eliminate debt no later than 2020, (vi) return money to shareholders, (vii) continue to develop a pipeline to ensure future growth is sustainable, (viii) meet our 80% HFO target at the Boungou power plant, (ix) have sufficient water to run our operations through 2020 at Boungou, (x) meet our 2019 cost per tonne budget at each of Boungou and Mana as well as our 5-year production and costs targets at each mine, (xi) start production at the Mana underground in Q1 2020, (xii) generate proximal satellite targets at Mana, (xiii) achieve our strategic vision organically, (xiv) increase shareholder value, (xv) achieve the potential Bantou development timeline, (xvi) maintain our $16 million general and administrative 2019 expenses forecast, the accuracy of our assumptions, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and
- ther risks described in SEMAFO’s documents filed with Canadian securities regulatory authorities. You can find further information with
respect to these and other risks in SEMAFO’s 2018 Annual MD&A, as updated in our 2019 First Quarter MD&A and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at www.semafo.com. SEMAFO disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
- We also advise you that the terms “Inferred Resources” and “Indicated Resources”, although recognized and required by the Canadian
Securities Administrators, are not recognized by the US Securities and Exchange Commission. There is no certainty that Inferred Resources
- r Indicated Resources will be economically mineable.
- All mineral resources are exclusive of mineral reserves.
- In this presentation, all amounts are in US dollars unless otherwise indicated.