Gold Resource Corporation

Good morning, ladies and gentlemen, and welcome to Gold Resource First Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we've opened up a question-and-answer session. If anyone has any difficulties hearing the conference, please press star zero for operator assistance at any time. I would now like to turn the conference call over to Chet Holyoke. Please go ahead.

Thank you, Jenny, and good morning to everyone. On behalf of the Gold Resource Team, I would like to welcome you to our conference call covering our first quarter 2026 results. Before we begin the call, there are a couple of housekeeping matters I would 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. Please note all amounts referenced during the presentation are in U.S. dollars unless otherwise stated. Joining me on the call today is Alan Palmier, our President and CEO, and Armando Alexandre, our Chief Operating Officer. Following our prepared remarks, we will be available to answer questions. This conference call is being webcast and will be available for replay on our website later today. Last week's news release that was issued following the close of the market and the accompanying Form 10-K have been filed with the SEC on EDGAR and are also available at our website at www.goldresourcecorp.com. I will now turn the call over to Alan.

Thank you, Chuck. Good morning, everyone. I'd like to thank you for joining our first quarter conference calls. I'd like to address a few points first and then address operations followed by chat addressing the financials. Following his remarks, I will then make a few closing comments and we will take questions. I'm pleased to report this quarter continued the company's trend of improving operations resulting in the achievement of positive net income for the quarter for the first time since 2021. This milestone represents a significant accomplishment for the company and reflects the hard work, dedication, and resilience of the exceptional team we have built. The perseverance through challenging periods assisted by strong commodity prices has been instrumental in bringing us to this position. Further, we have assembled a team of consultants led by SLR to complete a definitive feasibility study for our Back 40 project in the Upper Peninsula of Michigan. This study will be complete in Q1 of next year and will be followed by the submission of the necessary permit applications, upon receipt of which we plan on beginning construction. During the quarter, the operation recorded two lost time injury incidents, which, while minor in nature, are concerning but do not reflect our longstanding commitment to a safe and healthy workplace. The operation is implementing the immediate containment and prevention plan supported by an external consultant in alignment with our zero accident mindset. Despite the challenges, the operation maintained a stable pace and is aligned with quality and productivity standards for narrow vein mining methods to reduce dilution. To put that in context, the former mining method, which was predominantly long-haul mining, experienced dilution of up to 45%. By changing to cut and fill mining, our dilution has declined to approximately 12%, thus reducing the material delivered to the mill while maintaining the same nettle credits. In support of our production and growth strategy, mine development is maintaining the pace to reach new productive areas and prepare drill stations. The Altagracia mine had a successful reopening, contributing good head grades while an intensive drilling program is underway to increase mineable resources. The operation focuses on producing high-quality concentrate implementing improvements and rehabilitating part of the infrastructure to support and maintain production volumes and metallurgical recoveries across all metals. A third filter press, the dry stack tailing system is on site with installation plan for the next quarter. These enhancements are keys to increasing productivity per cycle, enabling us to maintain steady production and increase recovery. I'll now pass the presentation over to Chet to discuss the financial results.