Hycroft Mining Holding Corp (HYMC)

[JohnCM]

As the Company’s financial statement preparation is not yet complete, as described in Part III, the following information is based on the Company’s preliminary estimates of its results of operations and anticipated changes for the corresponding prior period as of the date of the filing of the attached Form 12b-25. The Company’s estimates are subject to change, and actual results may vary significantly from these estimates.
The Company expects to report material impairments and a material net loss for the year ended December 31, 2014, which is not comparable to net income of $1.4 million for the year ended December 31, 2013. Such net loss for the year ended December 31, 2014 is expected to include several significant items, including, among other things, a write-down of production inventories, a write-down of long-lived assets and stockpiles, and losses on assets classified as held for sale and asset dispositions. In addition, net loss for the year ended December 31, 2014 is expected to reflect increased production costs and increased interest expense.
Until the Company is able to complete the preparation of its financial statements to be included in the Form 10-K, it is not in a position to further quantify or discuss other changes to its results of operations for the year ended December 31, 2014 compared to the year ended December 31, 2013.