New Gold Inc.

Over to Mr. Ankit Shah, Vice President, Strategy and Business Development. Please go ahead.

Great. Thank you, Operator, and good morning, everyone. We appreciate you joining us today for Newgold's third quarter 2021 earnings conference call and webcast. On the line today, we have Renaud Adams, President and CEO, and Rob Chauzet, CFO. Should you wish to follow along with the webcast, please sign in from our homepage at newgold.com. Before the team begins the presentation, I'd like to direct your attention to our cautionary language related to forward-looking statements found on slides two and three of the presentation. Today's commentary includes forward-looking statements relating to Newgold. In this respect, we refer you to our detailed cautionary note regarding forward-looking statements in the presentation. Your caution that actual results in future events could differ materially from those expressed or implied in forward-looking statements. Slides two and three provide additional information and should be reviewed. We also refer you to the section entitled Risk Factors in Newgold's latest MD&A and other filings available on CDAR, which set out certain material factors that could cause actual results to differ. In addition, at the conclusion of the presentation, there are a number of end notes that provide important information and should be reviewed in conjunction with the material presented. I'll now turn the call over to Rob.

Thanks, Ankit, and good morning. Slide five provides our operating highlights for Q3. The details on that slide are consistent with our October production press release. During Q3, the company produced approximately 105,600 gold equivalent ounces. This amount consisted of 15.6 million pounds of copper and 58,600 gold ounces from Rainy River and approximately 13,600 gold ounces from New Afton, total gold ounces of approximately 72,000 ounces. The lower equivalent gold production as compared to the prior year quarter is primarily due to the lower tons processed at Rainy River and New Afton. The operating expense per equivalent ounce was higher than the prior year quarter due to the strengthening Canadian dollar and the Canadian weight subsidy received in the prior quarter. Consolidated all and sustaining costs for the quarter were $1,408 per equivalent ounce, higher than the prior year quarter, primarily due to the higher operating expense as previously noted, partially offset by lower sustaining capital. Turning to slide six for financial results, third quarter revenue was approximately $180 million driven by sales of 66,982 gold ounces at an average realized price of $1,788 per ounce and sales of 14 million pounds of copper at 428 per pound. The Q3 revenue was 4% higher than the prior year quarter, primarily due to higher metal prices. Operating cash flow before working capital adjustments was $81 million, or $0.12 per share, for the quarter in line with the prior year quarter. The company recorded a net loss of $11.3 million, or $0.02 per share, during Q3 compared to earnings of $0.02 per share in Q3 of the prior year. After adjusting for certain charges, net earnings were $23.4 million or $0.03 per share in Q3 compared to net earnings of $12.4 million or $0.02 per share in the third quarter of 2020. This difference is driven by higher metal prices and lower finance costs. Our Q3 adjusted earnings includes adjustments related to unrealized adjustments on our Rainy River stream mark to market and our free cash flow royalty at New Afton. Our MD&A provides additional details on the non-GAAP measures discussed in this presentation. With regards to capital expenditures, our total CapEx for the quarter was $58 million. $34.9 million was spent on sustaining capital and $23.1 million on growth capital. Sustaining spend was primarily related to planned tailings work at both operating assets and B3 mine development at New Afton. Growth capital was focused on project development, specifically the sea zone and the thicken and amended tailings project at New Afton and the underground intrepid zone at Rainy River. Slide 7 provides our capital structure as cash on hand as at September 30th, 2021 was $151 million and liquidity at the end of the quarter was $477 million. With that, I'll turn the call over to Renaud. Thank you.