Great Panther Mining Limited

Thank you for standing by. This is the conference operator. Welcome to Great Panther Mining's first quarter 2022 results conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and zero. I would now like to turn the conference over to Fiona Grant-Legge, Vice President, Investor Relations. Please go ahead.

Thank you, operator. Good morning, everyone. I'm Fiona Grant-Legge. Thank you for participating today. Before we begin, please note that we will be making forward-looking statements during the presentation. It would be cautioned that actual results and future events may differ from those noted today. The commentary also refers to various non-GAAP measures, definitions, and reconciliations that are included in the company's MD&A for the three months ended March 31st, 2022. All dollar amounts expressed in this presentation and the associated financial statements and MD&A are in U.S. dollars unless otherwise noted. For reference, during the call, ASIC refers to all-in sustaining costs. For today's call, please refer to the first quarter 2022 financial results news release issued yesterday and the accompanying financial statements and MD&A, which are posted on our website and have been filed on CDAR and EDGAR. This conference call is being recorded and will be available for replay later today. Replay information and the presentation slides accompanying this conference call and webcast will be available on our website at greatpanther.com. On the call this morning, we have Alan Hare, Chair and Interim CEO, Sandra Daycock, Chief Financial Officer, and Fernando Cormico, Chief Operating Officer.

Thank you, Fiona, and thank you, everyone, for dialing in today. We navigated through another challenging quarter and have made good progress in a number of fronts to build back steady-state production at Chicano. To that end, we're starting to see improvements in operating performance at Chicano, thanks to the mobilization of the new contractor, Meenax, who's working in tandem with our current contractor, UNM, and we have advanced stripping of the TAP-AB, TAP-C, and Urucum-North PIPs in preparation for production in the third quarter. We reported an updated mineral reserve and mineral resource estimate to Kano Gold Mine, which outlines an increase in both reserves and resources, successfully replacing 2021 mine depletion and increasing the open pit mine life by one and a half years. This updated MRMR was focused on the open pit as drilling of the Urukum North underground project has just been completed. The underground resource will be updated once engineering studies currently underway are finalized. We also reported some encouraging exploration results from the Coricancha Advanced Development Project in Peru. The results confirmed the potential of the Escondida vein, which has never been mined. We are evaluating options to further advance the project. We were fortunate that the Omicron COVID surge in Q1 did not adversely affect our operations. Safety protocols remain in place and vaccination programs continue to progress. Our financial results for the quarter are representative of where we are in the new optimized mine plan for Tucano following the setbacks in 2021. Revenue for the quarter was $33.4 million on a consolidated production of 17,913 gold equivalent ounces. Consolidated cash costs were $1,725 per ounce per gold ounce sold, and consolidated ASIC excluding corporate G&A was 2,740 per gold ounce sold. We expected to have high costs in the first half of this year because of the amount of stripping we're doing against the backdrop of low gold ounces coming from the mine. We expect costs to normalize and cash flow to improve as production increases throughout the second half of the year. We ended the quarter with 33.4 million in cash and cash equivalents and borrowings of 52.7 million. Sandra will go into further details in these financials later in the call. I will now pass it over to Fernando Correjo, COO, to discuss results from our operations.