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Exam Code: CLAD Practice test 2022 by Killexams.com team
CLAD Certified LabVIEW Associate Developer (CLAD)

The best preparation for this test is LabVIEW programming experience applying the concepts presented in LabVIEW Core1 and Core2 courses. Class attendance alone will not be sufficient. Typical CLAD candidates have taken NIs LabVIEW Core 1 and Core 2 courses (or equivalent) and have at least 6 to 9 months of experience using LabVIEW.
This prep guide provides an overview of the exam, including test logistics and coverage. The relevant knowledge, skills and abilities (KSAs) tested by the CLAD test are listed in the KSAs: Knowledge, Skills and Abilities tested by the CLAD section. A detailed Topic List table follows the KSA descriptions.
This prep guide also includes example questions. This is not a sample exam. The questions are included as a study aid. They reflect the scope of the CLAD test and familiarize the test-taker with NIs approach to testing the KSAs relevant to a Certified LabVIEW Associate Developer.
Scoring
A score of 70% or higher is required to pass the exam.

Individuals may take the CLAD test at any PearsonVUE testing center by scheduling the test at http://www.pearsonvue.com/ni/. When you schedule the exam, be sure to specify whether you wish to take the test using LabVIEW NXG or LabVIEW 20xx (where xx indicates current year). The images and terminology of the test will reflect the LabVIEW editor you choose, but the test content will otherwise be identical. Simply choose the LabVIEW editor with which you are most comfortable.
Passing the CLAD test using either editor earns the same CLAD Certification.
You cannot use LabVIEW or any other resources during the exam. The CLAD test provides screenshots from the LabVIEW environment and LabVIEW Help where appropriate. Refer to the Example Questions & Resources section for examples.
To take the exam, you must agree to a Non-Disclosure Agreement (NDA). The NDA states that you will not copy, reproduce, or communicate any section of the test in any form, including verbal or electronic. Failure to comply with the NDA will result in penalties ranging from a failed test to a lifetime ban from LabVIEW Certification

The CLAD test centers around jobs requiring programming in professional settings, including Automated Test, High-Channel-Count Data Acquisition, or Domain Support. Most of these jobs include collecting and/or processing data in the form of signals from sensors. To verify the relevant knowledge, skills and abilities, the CLAD uses an NI-DAQmx system as representative hardware. NI-DAQmx was chosen because it can be simulated on all versions of LabVIEW. If you have access to LabVIEW, you have the resources to prepare for the exam. You do not need to purchase specific hardware.
Appendix I of the document provides instructions for setting up simulated hardware sufficient for test preparation. The appendix also includes a list of the DAQmx functions possibly used in the exam. The test does not test DAQmx function-specific settings. The questions use NI-DAQmx to test knowledge and skills necessary for common data acquisition tasks, such as calculating sample rates, determining the correct order of operations, and programming basic file I/O.
A person using LabVIEW at the Associated Developer level will be able to:
• Use software architectures from a single VI to a simple State Machine or Event-Driven UI
Handler.
• Collect data from sensors using NI Hardware.
• Use Array functions extensively to extract and manipulate a single channel of data from multiple-channel data represented by a 1D waveform array or a 2D numeric array.
• Use loops to run a test a set number of times or until a condition is met, to establish a voltage ramp, or conduct other repeated tasks.
• Create and modify SubVIs, clusters, and Type Defs to simplify their code and contribute to larger projects.

Hardware (10% of test questions)
• Connecting Hardware: Sensors, DAQ, Devices under test (DUT.
• Acquiring and validating a signal
• Processing signals
• Using appropriate sample rates
LabVIEW Programming Environment (25% of test questions)
• Setting up and using a LabVIEW Project to:
o Add, delete, and move elements
o Use libraries and appropriate types of folders
o Avoid cross-linking
• Data Types:
o Recognize data types on the front panel
o Recognize data types on the block diagram from terminals and wires
o Choose appropriate controls, indicators, data types, & functions for a given scenario
• Predicting order-of-execution and behavior of
o A non-looping VI
o A Simple State Machine
o An Event-driven UI Handler
o Parallel Loops (without queues)
• Using basic functions to create a simple Acquire-Analyze-Visualize application
• Troubleshooting by identifying and correcting the cause of a broken arrow or incorrect data
• Error handling using error clusters and merge error functions to ensure errors are handled well
• Navigating LabVIEW help to get more information about inputs, outputs, and functions
LabVIEW Programming Fundamentals (50% of test questions)
• Loops
o Create continuous HW acquisition or generation loop by applying a
Open-Configure-Perform Operation-Close model.
o Retain data in shift registers
o Use input and output terminals effectively, including:
▪ Determining the last value output
▪ Indexing input and output terminals
▪ Concatenating output
▪ Using conditional output
▪ Using shift registers, both initialized and uninitialized.
o Use timing of loops appropriately, including:
▪ Software timing
▪ Hardware timing
o Use For Loops and While Loops appropriately

Arrays
o View data from an n-channel HW acquisition VI (using the DAQmx Read VI) using a
waveform graph, waveform chart, or numeric/waveform array indicator.
o Extract a single channel of data (waveform or 1D Array) from a:
▪ 1D waveform array representing acquired data from multiple channels
▪ 2D numeric array representing acquired data from multiple channels
▪ 1D numeric array representing single measurement from multiple channels
o Use a For Loop with auto-indexing and conditional tunnels to:
▪ Iterate through an array
▪ Iterate processing code on each channel of data in a 1D waveform array
▪ Generate an array of data that meets required conditions
o Identify by sight and be able to use and predict the behavior of the following array
functions and VIs:
▪ Array Size
▪ Index Array
▪ Replace Subset
▪ Insert Into Array
▪ Delete From Array
▪ Initialize Array
▪ Build Array
▪ Array Subset
▪ Max & Min
▪ Sort 1D Array
▪ Search 1D Array
▪ Split 1D Array
• Writing conditional code to perform an action based on the value of a user input or a measurement result.
• memorizing and Writing data to a file
o Use Open/Act/Close model for file I/O
o Write data to a text file using high-level file I/O functions
o Continuously stream data to a text file or a TDMS file
o Append data to an existing data file
o Log data using simple VIs

Acquire data from DAQmx functions
o Display data on a graph
o Save data to a CSV file
o Choose single measurement/multiple channel and single channel/multiple
measurements configurations appropriately
Programming Best Practices (15% of test questions)
• SubVIs – Reusing Code
o Create SubVIs to increase readability and scalability of VIs
o Configure the subVI connector pane using best practices
o Choose appropriate code as a SubVI source
• Clusters – Grouping Data of Mixed Data Types
o Create, manipulate, analyze, and use cluster data in common scenarios
o Group related data by creating a cluster to Excellerate data organization and VI readability
• Type Defs – Propagate Data Type Changes
o Create Type Defs and use Type Defs in multiple places
o Update Type Defs to propagate changes to all instances of the Type Def

Certified LabVIEW Associate Developer (CLAD)
NI Certified basics
Killexams : NI Certified basics - BingNews https://killexams.com/pass4sure/exam-detail/CLAD Search results Killexams : NI Certified basics - BingNews https://killexams.com/pass4sure/exam-detail/CLAD https://killexams.com/exam_list/NI Killexams : State pension: Shock figures reveal just ONE in 20 OAPs receive full weekly payment

Pensioners

State Pension horror as shock report says 5% are getting full £185 (Image: Getty)

Figures from the Department of Work and Pensions obtained by the over-60s campaign group Silver Voices showed that around 87% of senior citizens are still on the old state pension rate of £141.85 a week or less.

The new state pension only applies to those who reached the state pension age after 5 April 2016.

Campaigners last night said the analysis showed the UK’s older citizens are far worse than generally understood.

Dennis Reed, director of Silver Voices said: “These figures are truly shocking and show why millions of older people are struggling to make ends meet in the cost-of-living crisis."

“Basing support packages on a top pension rate that so few receive, and hiding away statistics that reveal up to 4 million pensioners receive a state pension of less than £140 per week are the politics of denial."

“After a lifetime of tax and NI contributions, every senior citizen should be entitled to a living pension which does not require the benefits system to top it up."

“Criticising a possible double-digit rise in the triple lock formula ignores the real cash crisis faced by millions, as 10% of £140 per week is only £14, which will scarcely scratch the surface of the problem."

“The imperative is for a big flat-rate cash boost to pensions now; anything less will condemn millions to a hungry, cold and cheerless winter.”

Silver Voices made a Freedom of Information request to the Department for Work and Pensions to identify the level of pension payments.

In response, officials pointed to figures published on the department’s website.

According to the campaign group’s analysis of the figures, only 740,000 out of the 12.4 million state pensioners received the full new state pension.

Only 1.6 million were on the new state pension system at all.

Around 10.8 million state pensioners were on the old state pension, with only 7.1 million receiving the £141.85 full rate.

Silver Voices concluded that 3.7 million older people receive less than £141.85 a week. The majority of this group are thought to be women.

Former Tory pensions minister Baroness Altmann said: “What these figures show is that millions of pensioners are far from well off.”

Sir Steve Webb, a former Lib Dem pensions minister who is now a partner at consultants LCP, said: “The large majority of today’s pensioners retired under the rules of the old state pension system."

"Many of them will get less than the full standard flat rate in the new system."  

"This could be because they were members of a company pension scheme and paid a lower rate of National Insurance contributions, were self-employed and built up a limited state pension or were married women who are getting a pension based on their husband’s contributions."

"Over the coming years, this balance will shift and more and more people will come under the new system and will receive the standard flat rate pension."

Stuart Powell, finance expert at Ocean Mortgages, said: "This is shocking but not surprising."

"We produce a State Benefit calculator for every client who approaches us for Equity Release advice."

"It's extremely rare that we see clients on a pension of over £141.85 per week."

"There are many pensioners who do not claim their other benefits, including the single person Council Tax discount."

"In an economy where pensioners are struggling to heat their homes or eat well, more must be done to ensure they receive everything they are entitled to."

Certified money coach Fanny Snaith said: "This is shocking and wrong.  Why should the new rate not apply to people who retired prior to 5th April 2016?"

"How are they any different from those who retired after that date? With the rise in costs everywhere recently, £40 a week is critical. This needs changing."

Joshua Gerstler, financial planner at The Orchard Practice, told people not to rely on the Department of Work and Pensions.

"If you think you're not getting as much from the State Pension as you are entitled to, contact the Department for Work and Pensions," he said."

"But do not wait for them to contact you. Do not rely on them to be proactive. And do not rely on the State Pension to supply you a comfortable retirement, as it won't."

"Look at your personal pensions and whatever you are currently putting away each month, and try to put in more."

"You deserve to have the retirement you want. But you need to take charge and be in control. Nobody is going to do it for you."

The analysis follows the controversy over Chancellor Rishi Sunak's decision to suspend the pensions "Triple Lock" mechanism linking the annual rise to inflation this year.

His move meant state pension payments increased by only 3.1% in April. He has committed to reinstating the link next year, leading to an expected rise of around 10%.

Last night, a DWP spokesman said: “This year we will spend over £110 billion on the State Pension. 

"The full yearly amount of the basic State Pension is over £2,300 higher than in 2010 and the vast majority of people in receipt of it also get additional income from either an occupational/private pension, if they were contracted out, or the Additional State Pension – and many get a combination of the two.”

Thu, 30 Jun 2022 04:45:00 -0500 en text/html https://www.express.co.uk/finance/personalfinance/1633038/state-pension-shock-figures-silver-voices-dennis-read-oaps-full-weekly-payment-update
Killexams : Mineros Reports Second Quarter 2022 Financial and Operational Results

The MarketWatch News Department was not involved in the creation of this content.

MEDELLIN, Colombia, Aug. 3, 2022 (Canada NewsWire via COMTEX) -- (all amounts expressed in U.S. dollars unless otherwise stated)

Mineros S.A. (TSX: MSA) (CB: MINEROS) ("Mineros" or the "Company") today reported its financial and operational results for the three months ended June 30, 2022. For further information please see the Company's condensed interim consolidated financial statements and management's discussion and analysis filed under Mineros' profile on www.sedar.com.

Andr�s Restrepo, President and CEO of Mineros, commented, "I am pleased to report that the Company has had another strong quarter with respect to financial and operational results and remains on-track to achieve its annual guidance. In the second quarter of 2022, Mineros produced 74,062 ounces of gold, a 10% increase from the same quarter in 2021. Along with increased production, the Company has seen reductions in both the all-in sustaining cost per ounce of gold sold and the cash cost per ounce of gold sold compared to the same period in 2021. The Company has a long track record of paying a strong quarterly dividend with a very attractive yield."

    --  74,062 ounces of gold produced.
    --  A 10% increase in gold production compared to the same period
        in 2021 (Q2/21: 67,403 ounces of gold produced).
    --  A steady increase in gold production over the last four
        quarters.


    --  Cash Cost per ounce of gold sold(1) of $1,131 (Q2/21: $1,163),
        representing a 3% decrease relative to the same period in 2021.
    --  AISC per ounce of gold sold(1) of $1,388 (Q2/21: $1,560),
        representing an 11% decrease in the AISC per ounce of gold sold
        relative to the same period in 2021.





     1 Cash Cost, AISC, Adjusted EBITDA, net free cash flow and average price realized per ounce of gold sold are non-IFRS financial measures, and Cash Cost per ounce of gold sold, AISC per
         ounce of gold sold, ROCE and Net Debt to Adjusted EBITDA ratio are non-IFRS ratios, with no standardized meaning under IFRS, and therefore they may not be comparable to similar
         measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures, see Non-IFRS
         and Other Financial Measures in this news release.


    --  $7.9 million in dividends paid.
    --  An increase of 30% in dividends paid compared to the same
        period in 2021 (Q2/21: $6.1 million).


    --  Revenue of $137.3 million.
    --  An increase of 7% compared to the same period in 2021 (Q2/21:
        $128.4 million).
    --  A steady increase in revenue over the last four quarters.


    --  Net profit for the period up 10% to $11.4 million ($0.04/share)
        compared to the same period in 2021 (Q2/21: $10.4 million
        ($0.04/share)).
    --  Gross profit up 5% to $37.8 million compared to the same period
        in 2021 (Q2/21: $35.9 million).


    --  Net Debt to Adjusted EBIDTA ratio(2) of 0.11x as at June 30,
        2022.
    --  The Company has continued to have a low Net Debt to Adjusted
        EBITDA ratio, with a 57% decrease compared to 0.26x as at June
        30, 2021, following repayment of project acquisition loans.


    --  140,071 ounces of gold produced.
    --  A 5% increase in gold production compared to the same period in
        2021 (H1/21: 132,876 ounces of gold produced).
    --  On-track to achieve 2022 production guidance.





     2 Cash Cost, AISC, Adjusted EBITDA, net free cash flow and average price realized per ounce of gold sold are non-IFRS financial measures, and Cash Cost per ounce of gold sold, AISC per
         ounce of gold sold, ROCE and Net Debt to Adjusted EBITDA ratio are non-IFRS ratios, with no standardized meaning under IFRS, and therefore they may not be comparable to similar
         measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures, see Non-IFRS
         and Other Financial Measures in this news release.


    --  Cash Cost per ounce of gold sold of $1,152 (H1/21: $1,127),
        representing a 2% increase in the Cash Cost per ounce of gold
        sold relative to the same period in 2021.
    --  AISC per ounce of gold sold of $1,383 (H1/21: $1,514),
        representing a 9% decrease in the AISC per ounce of gold sold
        relative to the same period in 2021.
    --  On-track to achieve 2022 cost guidance.


    --  $12.5 million in dividends paid.
    --  An increase of 30% in dividends paid compared to the same
        period in 2021 (H1/21: $9.6 million).


    --  Revenue of $261.9 million.
    --  An increase of 3% compared to the same period of 2021 (H1/21:
        $253.8 million).


(All numbers in $000's unless otherwise noted)

                                                     Three Months Ended                 Change                    Six Months Ended                      Change

                                                          June 30,                                                    June 30,




               2022    2021

                $           %            2022      2021

                $              %




                Financial



              Revenue                     137,286                 128,449        8,837              7 %  261,936                     253,841           8,095           3 %



              Gross profit                 37,799                  35,872        1,927              5 %   70,444                      72,932         (2,488)        (3 %)



              Net profit for the           11,399                  10,408          991             10 %   21,871                      24,177         (2,306)       (10 %)
    period



              Basic earnings per             0.04                    0.04            0              0 %     0.07                        0.09          (0.02)       (22 %)
    Share ($)



              Adjusted EBITDA (1)          46,710                  41,759        4,951             12 %   87,857                      86,895             962           1 %



              Net cash flow                17,853                  19,648      (1,795)           (9 %)   23,156                      32,631         (9,475)       (29 %)
    generated by operating
    activities



              Net free cash flow (1)          234                 (4,851)       5,085            105 %  (5,545)                   (15,013)          9,468          63 %



              ROCE (1)                       22 %                   31 %      (10 %)          (31 %)     22 %                       31 %         (10 %)       (31 %)



              Net Debt to Adjusted          0.11x              0.26x      (0.15x)             (57 %)    0.11x                  0.26x         (0.15x)          (57 %)
    EBITDA ratio (1)



              Dividends paid                7,875                   6,076        1,799             30 %   12,473                       9,621           2,852          30 %






                Operating



              Average realized price        1,837                   1,848         (11)           (1 %)    1,859                       1,817              43           2 %
    per ounce of gold sold
    ($/oz) (1)



              Gold produced (oz)           74,062                  67,403        6,659             10 %  140,071                     132,876           7,195           5 %



              Gold sold (oz)               73,147                  67,895        5,252              8 %  137,684                     135,518           2,166           2 %



              Silver sold (oz)             93,528                  95,559      (2,031)           (2 %)  195,001                     176,546          18,455          10 %



              Cash Cost per ounce of        1,131                   1,163         (32)           (3 %)    1,152                       1,127              25           2 %
    gold sold  ($/oz) (1)



              AISC per ounce of gold        1,388                   1,560        (172)          (11 %)    1,383                       1,514           (132)        (9 %)
    sold ($/oz) (1)




     (1)The definition and reconciliation of these non-IFRS financial measures and ratios is included in the section on Non-IFRS and Other Financial Measures in this news release.


(All numbers in ounces unless otherwise noted)

                                                                      Three Months Ended          Change                              Six Months Ended            Change
                                                              June 30,                                                       June 30,




                2022          2021                      ounces      %                2022    2021                           ounces      %




                            Nechí Alluvial Property    23,394                      19,738   3,656          19 %        42,679                           40,520   2,159       5 %
    (Colombia)




                Hemco Property



              Hemco Property                          10,808                       8,455   2,353          28 %        19,931                           15,083   4,848      32 %



              Artisanal Mining                        23,330                      23,926   (596)        (2 %)        46,768                           47,339   (571)    (1 %)




                Nicaragua                  34,138                      32,381   1,757           5 %        66,699                           62,422   4,277       7 %


                            Gualcamayo Property        16,530                      15,284   1,246           8 %        30,693                           29,934     759       3 %
    (Argentina)


                            Total Gold Produced (oz)   74,062                      67,403   6,659          10 %       140,071                          132,876   7,195       5 %


                            Total Silver Produced (oz) 93,528                      95,559 (2,031)        (2 %)       195,001                          176,546  18,455      10 %


By ANLA Resolution 812 of April 25, 2022, the Colombian National Authority of Environmental Licenses (Autoridad Nacional de Licencias Ambientales - ANLA) approved Mineros' application to amend the environmental management plan ("EMP") for the Nechí Alluvial Property, which was submitted on November 18, 2021. The ordinary course amendment to the EMP grants environmental permits sufficient to support planned operations for a four year period, which is consistent with Mineros' expectations. Due to the mobile nature of alluvial mining operations, Mineros must periodically apply to ANLA to amend the EMP to cover planned operations in new or expanded operating areas. Mineros makes such applications and expects to receive amendments to the EMP in the ordinary course of business.

On April 6, 2022, Mineros exercised its second option to acquire an additional 25% interest in the GNM Exploration Target from Royal Road Minerals Limited ("Royal Road") under the terms of the Mineros' alliance agreement with Royal Road, bringing its total interest in the GNM Exploration Target to 50%.

In the second quarter of 2022 the Company received ISO 14001:2015 (Environmental Management System) and ISO 45001 (Occupational Health and Safety Management) certification at its Hemco Property. These certifications are issued for an initial period of three years. Operations at all three of the Company's Material Properties are now ISO 14001:2015 and ISO 45001 certified.

In the second quarter of 2022, the Company created the new executive role of Vice President, Legal and Sustainability to reflect the Company's commitment to sustainability at all of its operations and exploration projects. As a result, Ms. Ana Isabel Gaviria's title changed from General Counsel to Vice President, Legal and Sustainability. Ms. Gaviria continues as Corporate Secretary.

On July 7, 2022, the Company announced an initial mineral resource estimate for the Luna Roja Deposit, which included 1.164 million tonnes of indicated mineral resources averaging 2.46 grams of gold per tonne ("g/t Au"), for approximately 92,000 ounces of gold and 0.504 million tonnes of inferred mineral resources averaging 2.31 g/t Au, for approximately 37,000 ounces of gold. See the Company's July 7, 2022 press release entitled, "Mineros Announces Initial Mineral Resource Estimate for the Luna Roja Deposit, Nicaragua".

On July 11, 2022, Mineros announced the appointment of Mr. Luis Villa as Vice President, Nicaragua, effective October 1, 2022. Mr. Villa has been with the Company and its subsidiaries for sixteen years, most recently in the position of Manager of Projects and Supply Chain for Mineros Alluvial S.A.S. BIC.

Mr. Villa will replace Mr. Carlos Mario Gomez, who will be retiring later this year following 14 years of service with the Company.

Porvenir Project, Nicaragua: Ongoing studies are being completed to assess processing and mining scenarios for the Porvenir Project. Based on a project re-evaluation, which included a review of economic parameters and the timeline to complete environmental baseline studies, and building on the work completed to date, the Company now anticipates completing a pre-feasibility study in the second half of 2022 and not a feasibility study, as previously announced.

Luna Roja Deposit, Nicaragua: A 3,000 metre diamond drill campaign originally planned to commence in the second quarter of 2022 is currently planned for the second half of 2022. This campaign will include a series of short, near-surface drill holes into the deposit, designed to increase the confidence level in areas previously tested with channel samples, as well as an initial drill testing of three geophysical anomalies.

Gualcamayo Property Expansion, Argentina: In 2022, Mineros is planning to complete 17,000 metres of diamond and reverse circulation drilling in proximity to existing mining operations. The objective of this campaign is to upgrade mineral resources, provide material for metallurgical test work, resource expansion and evaluation of the remaining gold in the heap leach pads.

Deep Carbonates Project, Argentina: In the first quarter of 2022 Mineros announced plans to conduct a 7,750 metre diamond drill program with the objective of expanding the current mineral resources at the Rodado deposit. A total of 3,050 metres has been drilled in the first half of 2022 and the Company is re-evaluating plans for the next stage of drilling. Metallurgical test work to support advancement of the Deep Carbonates Project is underway. The Company expects to use the preliminary results from the test work to make a determination as to whether it will move forward with a preliminary economic assessment ("PEA") in respect of the Deep Carbonates Project.

La Pepa Project, Chile: At the La Pepa Project, the Company is focused on developing and expanding the Cavancha deposit, a porphyry-style gold system. The progress and timeline for completion of a PEA at the La Pepa Project is still under review.

The Company will host a conference call on Thursday August 4, 2022, at 9:00 am ET (8:00 am COT) to discuss the results. The conference call will be in Spanish with simultaneous translation in English.

Participant conference call dial in:


              Canada Toll Free:                            1 (866)
                                                           455-3403



              US Toll Free:                                1 (888)
                                                           374-5140



              Pin for English:                          13926178 #



              Pin for Spanish:                          11955143 #


The list of all local and international dial in numbers can be found at the end of this document.A live webcast of the conference all will be available at:https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=E47A39AB-2A3F-4268-9ECD-438B1ECE896D&LangLocaleID=1034

Live webcast requires previous registration, and interested parties are advised to access the webcast approximately ten minutes prior to the start of the call. The webcast will be archived on the Company's website at www.mineros.com.co for approximately 30 days following the call.

Mineros is a gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a pipeline of development and exploration projects throughout the region.

The board of directors and management of Mineros have extensive experience in mining, corporate development, finance and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For almost 50 years Mineros has operated with a focus on safety and sustainability at all its operations.

Mineros' common shares are listed on the Toronto Stock Exchange under the symbol "MSA", and on the Colombia Stock Exchange under the symbol "MINEROS".

The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the Company's most recent annual information form filed on SEDAR at www.sedar.com.

The scientific and technical information contained in this news release has been reviewed and approved by Jorge Aceituno, a Registered Member of the Chilean Mining Commission and the Planning Manager, Resources and Reserves for Mineros and a qualified person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes statements that use forward-looking terminology such as "may", "could", "would", "will", "should", "intend", "target", "plan", "expect", "budget", "estimate", "forecast", "schedule", "anticipate", "believe", "continue", "potential", "view" or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements with respect to the Company's outlook for 2022; timing, completion and results of a pre-feasibility study on the Porvenir Project; timing for the completion of a PEA on the La Pepa Project; mineral reserve and mineral resource estimates; the Company's planned exploration, development and production activities; statements regarding the projected exploration and development of the Company's growth projects, including the Porvenir Project, Deep Carbonates Project, and the La Pepa Project; timing, completion and results of mineral resource estimates and mining studies; estimates of future capital and operating costs; future financial or operating performance and condition of the Company and its business, operations and properties; expectations regarding future currency exchange rates; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.

Forward-looking information is based upon estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release including, without limitation, assumptions about: favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms; future prices of gold and other metal prices; the timing and results of exploration and drilling programs, and technical and economic studies; the accuracy of any mineral reserve and mineral resource estimates; the geology of the Company's material properties being as described in the applicable NI 43-101 technical reports; production costs; the accuracy of budgeted exploration and development costs and expenditures; the price of other commodities such as fuel; future currency exchange rates and interest rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with local groups, including artisanal mining cooperatives in Nicaragua, and the Company's ability to meet its obligations under its agreements with such groups; and satisfying the terms and conditions of the Company's current loan arrangements. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Although the Company has attempted to identify important factors that could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking information, there may be other factors that cause actions, events, conditions, results, performance or achievements to differ from those anticipated, estimated or intended. For further information of these and other risk factors, please see the ''Risk Factors" section of the Company's annual information form dated March 31, 2022, available on SEDAR at www.sedar.com.

The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained herein. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information contained herein is made as of the date of this news release and the Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.

The Company has included certain non-IFRS financial measures and non-IFRS ratios in this news release. Management believes that non-IFRS financial measures and non-IFRS ratios, when supplementing measures determined in accordance with International Financial Reporting Standards ("IFRS"), provide investors with an improved ability to evaluate the underlying performance of the Company. Non-IFRS financial measures and non-IFRS ratios do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. This data 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. For a discussion of the use of non-IFRS financial measures and reconciliations thereof to the most directly comparable IFRS measures, see below.

The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use the earnings before interest, tax, depreciation and amortization ("EBITDA"), and adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA"), which excludes certain non-operating income and expenses, such as financial income or expenses, hedging operations, exploration expenses, impairment of assets, foreign currency exchange differences, and other expenses (principally, donations, corporate projects and taxes incurred). The Company believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company's performance, and is an indicator of the performance of the Company's mining operations.

The following table sets out the calculation of EBITDA and Adjusted EBITDA for the three and six months ended June 30, 2022 and 2021:

                                                                                                 Three Months Ended June 30,    Six Months Ended June
                                                                                                                                    30,



                                                           2022       2021           2022         2021




                Profit for the Period                 11,399     10,408         21,871       24,177



     Less: Interest income                               (203)     (341)         (203)       (341)



     Add: Interest expense                               1,388      1,329          2,324        2,448



     Add: Current tax (1)                               11,042      7,433         20,289       16,700



     Add/less: Deferred tax (1)                          4,662      4,332          3,356        6,174



     Add: Depreciation and Amortization                 14,887     11,316         28,826       24,000




                EBITDA                                43,175     34,477         76,463       73,158



     Less: Other income                                     46    (1,112)         (702)     (1,659)



     Less: Results investments in associates



     Less: Finance income (excluding interest income)     (41)      (96)         (409)       (482)



     Add: Finance expense (excluding interest expense)   1,357      1,097          2,739        2,092



     Add: Other expenses (2)                             1,949      4,740          4,153        8,981



     Add: Exploration Expenses (3)                       3,611      1,378          6,296        2,518



     Less: Impairment of Assets, net



     Less: Hedging Operations



     Less: Foreign exchange differences                (3,387)      1,275          (683)       2,287






                Adjusted EBITDA                       46,710     41,759         87,857       86,895










                                                                        Three Months Ended June
                                                                              30,                              Six Months Ended
                                                                                           June 30,




                                                                  2022           2021         2022           2021






                Profit for the Period                        11,399         10,408       21,871         24,177



     Less: Interest income                                       (203)         (341)       (203)         (341)



     Add: Interest expense                                      1,388          1,329        2,324          2,448



     Add: Current tax (1)                                      11,042          7,433       20,289         16,700



     Add/less: Deferred tax (1)                                 4,662          4,332        3,356          6,174



     Add: Depreciation and Amortization                        14,887         11,316       28,826         24,000




                EBITDA                                       43,175         34,477       76,463         73,158



     Less: Other income                                            46        (1,112)       (702)       (1,659)



     Less: Finance income (excluding interest income)             (41)          (96)       (409)         (482)



     Add: Finance expense (excluding interest expense)          1,357          1,097        2,739          2,092



     Add: Other expenses (2)                                    1,949          4,740        4,153          8,981



     Add: Exploration Expenses (3)                              3,611          1,378        6,296          2,518



     Less: Foreign currency exchange differences               (3,387)         1,275        (683)         2,287







     (1)           For additional information regarding taxes, see Note 16 of our condensed interim consolidated
                      financial statements.



     (2)           For additional information regarding other expenses, see Note 10 of our condensed interim
                      consolidated financial
          statements.



     (3)           For additional information regarding exploration expenses, see Note 11 of our condensed
                      interim consolidated financial
          statements.


The Company reports Cash Cost per ounce of gold sold which is calculated by deducting revenue from silver sales and depreciation and amortization from costs of sales, and dividing the difference by the number of gold ounces sold. Production Cash Cost includes mining, milling, mine site security, royalties, and mine site administration costs, and exclude non-cash operating expenses. Cash Cost per ounce of gold sold and AISC per ounce of gold sold are non-IFRS financial measures used to monitor the performance of our gold mining operations and their ability to generate profit.

The objective of AISC is to provide stakeholders with a key indicator that reflects as close as possible the full cost of producing and selling an ounce of gold.

The Company reports AISC per ounce of gold sold on a by-product basis. The methodology for calculating AISC per ounce of gold sold is set out below and is consistent with the guidance methodology set out by the World Gold Council. This non-IFRS ratio provides investors with transparency regarding the total costs of producing an ounce of gold in each period.

The following table provides a reconciliation of Cash Cost per ounce of gold sold on a by-product basis for the three and six months ended June 30, 2022 and 2021:

                                                                       Three Months Ended June             Six Months Ended June
                                                                        30,                          30,




                                                               2022      2021            2022         2021





     Cost of sales                                          99,487    92,577         191,492      180,909



     Less: Cost of non-mining operations                     (184)    (124)          (343)       (277)



     Less: Depreciation and amortization                  (14,511) (10,939)       (28,093)    (23,266)



     Less: Sales of silver                                 (2,045)  (2,543)        (4,458)     (4,623)




                Cash Cost                                 82,747    78,971         158,598      152,743





     Gold sold (oz)                                         73,147    67,895         137,684      135,518






                Cash Cost per ounce of gold sold ($/oz)    1,131     1,163           1,152        1,127


                                                                Three Months Ended             Six Months Ended June
                                                                                         30,
                                                June 30,




                                              2022         2021           2022            2021





     Cost of sales                         99,487       92,577        191,492         180,909



     Less: Cost of non-mining operations    (184)       (124)         (343)          (277)



     Less: Depreciation and amortization (14,511)    (10,939)      (28,093)       (23,266)



     Less: Sales of silver                (2,045)     (2,543)       (4,458)        (4,623)




                Cash cost                82,747       78,971        158,598         152,743



     Gold sold (oz)                        73,147       67,895        137,684         135,518


The following table provides a reconciliation of AISC per ounce of gold sold for the three and six months ended June 30, 2022 and 2021:

                                                                                     Three Months Ended June             Six Months Ended June
                                                                                      30,                          30,




                                                                             2022      2021            2022         2021





     Cost of sales                                                        99,487    92,577         191,492      180,909



     Less: Cost of sales of non-mining operations                          (184)    (124)          (343)       (277)



     Less: Depreciation and amortization                                (14,511) (10,939)       (28,093)    (23,266)



     Less: Sales of silver                                               (2,045)  (2,543)        (4,458)     (4,623)



     Less: Sales of electric energy                                      (1,010)  (1,241)        (1,802)     (2,115)



     Add: Administration expenses                                          5,976     5,429          11,413       10,037



     Less: Depreciation and amortization of Adm. Expenses                  (376)    (377)          (733)       (734)



     Add: Sustaining leases and leaseback                                  2,876     2,986           4,547        5,648



     Add: Sustaining exploration                                           2,844     2,645           4,304        3,825



     Add: Sustaining capital expenditure                                   8,435    17,480          14,058       35,827




                AISC                                                   101,492   105,893         190,385      205,231





     Gold sold (oz)                                                       73,147    67,895         137,684      135,518






                All-in sustaining costs per ounce of gold sold ($/oz)    1,388     1,560           1,383        1,514


The Company uses the financial measure "net free cash flow", which is a non-IFRS financial measure, to supplement information regarding cash flows from operating activities. The Company believes that in addition to IFRS financial measures, certain investors and analysts use this information to evaluate the Company's performance with respect to its operating cash flow capacity to meet recurring outflows of cash.

Net free cash flow is calculated as cash flows from operating activities less non-discretionary sustaining capital expenditures and interest and dividends paid related to the relevant period.

The following table sets out the calculation of the Company's net free cash flow for the three and six months ended June 30, 2022 and 2021:

                                                                                Three Months Ended June             Six Months Ended June
                                                                                 30,                           30,




                                                                       2022      2021            2022          2021






                Net cash flows generated by operating activities  17,853    19,648          23,156        32,631






                Non-discretionary items:



     Sustaining capital expenditures                               (8,435) (17,480)       (14,058)     (35,827)



     Interest paid                                                 (1,309)    (943)        (2,170)      (2,196)



     Dividends paid                                                (7,875)  (6,076)       (12,473)      (9,621)




                Net free cash flow                                   234   (4,851)        (5,545)     (15,013)


Return on Capital Employed

The Company uses ROCE as a measure of long-term operating performance to measure how effectively management utilizes the capital it has provided. This non-IFRS ratio 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. The calculation of ROCE, expressed as a percentage, is Adjusted EBIT (calculated in the manner set out in the table below) divided by the average of the opening and closing capital employed for the 12 months preceding the period end. Capital employed for a period is calculated as total assets at the beginning of that period less total current liabilities.

                                                                                         As at June 30,




                                                                          2022      2021





     Adjusted EBITDA (Last 12 months)                                 155,665   178,994



     Less: Depreciation and amortization (Last 12 months)            (53,934) (48,148)




                Adjusted EBIT (A)                                   101,731   130,846





     Total Assets at the beginning of the Period                      580,046   542,235



     Less: Total current liabilities at the beginning of the Period (110,601) (128,813)




                Opening Capital Employed (B)                        469,445   413,422





     Total Assets at the end of the Period                            603,477   561,483



     Less: Current Liabilities at the end of the Period             (135,161) (137,535)




                Closing Capital employed (C)                        468,316   423,948






                Average Capital employed (D)= (B) + (C) /2          468,881   418,685






                ROCE (A/D)                                             22 %     31 %


Net Debt to Adjusted EBITDA ratio is a non?IFRS ratio that provides the liquidity position of the Company. The calculation of net debt shown below is calculated as nominal undiscounted debt including leases, less cash and cash equivalents. The following sets out the calculation of Net Debt to Adjusted EBITDA ratio as at June 30, 2022 and 2021.

                                                              As at June 30,




                                                         2022                     2021





     Loans and other borrowings                       56,322                   89,823



     Less: Cash and cash equivalents                (38,805)                (42,551)




                Net Debt                            17,517                   47,272



     Adjusted EBITDA (Last 12 months)                155,665                  178,994




                Net Debt to Adjusted EBITDA ratio    0.11x                   0.26x


The Company uses "average realized price per ounce of gold" and "average realized price per ounce of silver", which are non-IFRS financial measures. Average realized metal price represents the revenue from the sale of the underlying metal as per the Statement of Operations, adjusted to reflect the effect of trading at holding level (parent Company) on the sales of gold purchased from subsidiaries. Average realized prices are calculated as the revenue related to gold and silver sales divided by the number of ounces of metal sold. The following table sets out the reconciliation of average realized metal prices to sales of gold and sales of silver for the three and six months ended June 30, 2022 and 2021:

                                                                                 Three Months Ended June         Six Months Ended June
                                                                                  30,                      30,




                                                                           2022    2021            2022     2021





          Sales of gold                                                134,401 125,464         255,965  246,174



          Gold sold (oz)                                                73,147  67,895         137,684  135,518




                Average realized price per ounce of gold sold     1,837   1,848           1,859    1,817
    ($/oz)





          Sales of silver                                                2,045   2,543           4,458    4,623



          Silver sold (oz)                                              93,528  95,559         195,001  176,546




                Average realized price per ounce of silver sold      22      27              23       26
    ($/oz)


Participant conference call dial in

Pin for English: 13926178 #Pin for Spanish: 11955143 #

Australia Toll-Free: 8004440879Australia Toll: +61283115350Brazil Toll-Free: 8007610711Brazil Toll: +551140403733Canada Toll-Free: 8664553403Canada Toll: 6474848332 PIN: 99878428#Chile Toll-Free: 12300205906China Toll-Free: 108001202400China Toll: 4008210576Colombia Toll-Free: 018005190788Colombia Toll: +57 6014850348France Toll-Free: 805102712France Toll: +33172256760Germany Toll-Free: 8001897777Germany Toll: +496922221158Hong Kong Toll-Free: 800933752India Toll-Free: 18002667181Japan Toll-Free: 6633812339Japan Toll: +81345789384Malaysia Toll-Free: 1800189583Mexico Toll-Free: 18667791760Mexico Toll: +525567225258Netherlands Toll: +31207139245Romania Toll: +40316300531Singapore Toll-Free: 8001205193Spain Toll-Free: 800300874Spain Toll: +34914149964Sweden Toll-Free: 200896845Sweden Toll: +46850596402Taiwan Toll-Free: 801136018Thailand Toll-Free: 001800120666601United Kingdom Toll-Free: 8082389813United Kingdom Toll: +442031004191United States Toll-Free: 8663745140United States Toll: 4044000571

SOURCE Mineros S.A.

View original content to obtain multimedia: http://www.newswire.ca/en/releases/archive/August2022/03/c3967.html

SOURCE: Mineros S.A.

Please contact: Patricia Ospina, Investor Relations Manager, +1 (647) 496-3011,
Investor.relations@mineros.com.co; (+57) 42665757,
relacion.inversionistas@mineros.com.co

COMTEX_411526756/2197/2022-08-03T17:48:00

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Wed, 03 Aug 2022 09:48:00 -0500 en-US text/html https://www.marketwatch.com/press-release/mineros-reports-second-quarter-2022-financial-and-operational-results-2022-08-03
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