New Gold Inc.

Good morning. My name is Anas, and I'll be your conference operator today. Welcome to the new Gold 3rd Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Please be advised that today's conference call and webcast is being recorded. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star, then the number 1 on your telephone keypad. If you'd like to withdraw your questions, please press star, too. I would now like to hand the conference over to Ankit Shah, VP of Strategy and Business Development. Thank you.

Thank you, and good morning, everyone. We appreciate you joining us today for Newgold's third quarter 2022 earnings conference call and webcast. On the line today, we have Renaud Adams, President and CEO, Rob Chausset, our CFO, and Pat Godin, our COO. Should you wish to follow along with the webcast, please sign in on 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 new goals. 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 titled Risk Factors in NUGO'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 Renaud.

Thank you, Ankit, and good morning, everyone. Before we proceed with our third quarter update, I do have some sad news to share. I'm deeply saddened to announce that Suresh Kaltil, General Manager at Rainier River, passed away in his home in Imo, Ontario late last week. Suresh has been with us for the past two years and made tremendous contributions during his time at the company. We extend our deepest condolences to Suresh's family, loved one, and colleagues during this difficult time. Our strong and committed team that Suresh worked to build and develop in these two years with us will continue to execute on this vision for Rainier River. With my manager, Gord Sims, stepping up as interim general manager and with the continued support across the whole new organization. Thank you, Suresh. Slide five provides a summary of our third quarter highlights. During the quarter, we continue to advance on our long-term priorities. At Rainier River, we achieved a significant milestone with the startup of underground production from the intrepid zone. As we move forward, we're focused on ramping up from the mining from the main ODM zone and starting to feed the mill with underground material. At New Afton, B3 development was completed, and our focus now is to ramp up mining rates to 8,000 tons per day. Receiving the C-Zone permit was a great milestone for the team in New Gulf, and we continue to move all project activities along with the first ore plant for the second half of the year. In addition, at New Afton, the exploration results we previously released are very encouraging. During the next quarters, we will continue to advance organic growth initiative to further increase the value of our asset base. Lastly, the third quarter delivered to plan and significantly improved versus the second quarter in both production and cost. And we are on track to achieve our 2022 updated guidance. I will now pass it to Rob to provide an update on our operating and financial results. Rob.