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5/10/2022
Good morning and welcome to the Gold Resource Corporation first quarter 2022 financial and operating results conference call. At this time, all participants are in a listen-only mode. Following management's presentation, there will be a question and answer session open to financial analysts only. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties hearing the conference, please press star followed by zero for operator assistance at any time. I would like to remind everyone that this conference call is being recorded today, May 10th, 2022, at 11 o'clock Eastern Time. I will now turn the conference over to Kim Perry, Gold Resource Corporation Chief Financial Officer. Ms. Perry, you may proceed.
Thank you, Chris, and good morning to everyone. On behalf of the Gold Resource team, I would like to welcome you to our conference call covering our Q1 2022 results. Before we begin the call, there are a couple of housekeeping matters I'd like to address. Please note that certain statements to be made today are forward-looking in nature and, as such, are subject to numerous risks and uncertainties, as described in our annual report on Form 10-K and other SEC filings. Joining me on the call today is Alan Palmier, our President and CEO, and Alberta Reyes, our Chief Operating Officer. Following Alan, Alberto, and my prepared remarks, we'll be available to answer questions. This conference call is being webcast. For those of you joining us on the webcast, you can download a PDF copy of the conference call slides. The event will also be available for replay on our website later today. Yesterday's news release issued following the close of the market and the accompanying financial statements and MD&A contained in our Form 10-Q have been filed with the FCC on EDGAR and are also available on our website at www.goldresourcecorp.com. Please note that all amounts mentioned in this call are in U.S. dollars unless otherwise stated. I will now turn the call over to Alex.
Thank you, Kim, and good morning, everyone. I would like to thank all of the listeners for taking the time to join us on this call. This year is off to a good start. Our team in Mexico maintained the momentum they created in the fourth quarter of 2021. Quarter over quarter tons through the mill and gold equivalent ounces produced continue to increase. I'd like to point out a few achievements relating to ESG before handing the call over to Alberto to provide an update on our Don David Gold operations. Excuse me. We will then proceed with marks from Kim on our Q1 financial results. Lastly, we'll provide a few closing remarks, and then we will take questions from participants. The most important asset that we have is our people. We have a very good team in Mexico who are responding well to the new culture and operational methodologies that are being introduced. Our corporate team is first class, and I'm very happy with the quality and ability of the team. It shows by the results achieved and bodes very well for the future. We've continued to invest heavily in Mexico, which will benefit us going forward from an operational, financial, and in many cases, an environmental standpoint. With the completion of the filtration plant and dry stack facility in 2021, we are processing the tailings through the new plant. The facilities not only conserve water, they reduce the traditional risks associated with the tailings storage facility and accelerate the reclamation of the original open pit. We also processed over 1,000 tons of artisanal tailings from a local community. In addition to financially giving back to the community, we're able to ensure that they were properly handled and stored. In Michigan, we continue to progress the Black 40 feasibility study. An internal commitment we made when we acquired the project was to ensure that the optimized design deployed incorporated environmentally friendly designs and advances in the mining industry. So far, we are on track to achieve this objective. The optimized feasibility study should be released in the second half of this year with permit applications following shortly thereafter. I'll now pass the presentation to Alberta to discuss the Don Davids Don David Gold's first quarter operational results.
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