New Gold Inc.

Good morning, my name is Jenny, and I will be your conference operator today. Welcome to the New Gold's 3rd Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. We see advice 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 would like to ask a question during this time, simply press star. Vendor number one on your telephone keypad. If you would like to withdraw your question, please press star, vendor number two. I would now like to hand the conference over to Ankit Shah, Executive Vice President of Strategy and Business Development. Thank you.

Thank you, Jenny, and good morning, everyone. We appreciate you joining us today for New Gold's third quarter 2023 earnings conference call and webcast. On the line today, we have Patrick Oden, President and CEO, Yoann Bouchard, COO, and Keith Murphy, our VP of Finance. 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 from those expressed or implied in forward-looking statements. Slides 2 and 3 provide additional information and should be reviewed. We also refer you to the section entitled Risk Factors in NUGL's latest AIF, MD&A, and other filings 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 will now turn the call over to Pat for some opening remarks.

Thank you. And good morning, everyone. I want to welcome Yoann Bouchard, Executive Vice President and Chief Operating Officer to the call. Yoann will cover the operational portion of these calls going forward. Yoann joined the company six months ago with Luke Buchanan, VP Technical Services. Both have a strong proven operational background, which is strengthening our management team. Before turning the call over to Keith and Yoann to discuss the quarter, I want to give a few brief remarks. We had another excellent quarter here at New Gold. Our efforts this year are paying off. And due to the strong operational performance over the first nine months of the year, production is tracking to the top end of guidance, and our all-in-sustaining costs are tracking to the low end of the guidance range. These strong results saw Newgoal generate $22 million of positive free cash flow. This is the first time we have generated positive free cash flow as a company since Q4 2021. We did this despite continuing to invest in our growth projects and securing future production. I expect this positive free cash flow trend to continue and increase in the coming years as we complete our growth projects. Our health and safety performance continue to meet expectations with a year-to-date transfer of 1.01 through the first nine months of the year. In fact, earlier this month, Rainy River celebrates a significant milestone of one year without a last-time injury. I am particularly pleased with our ability to meet our objective without compromising safety, which is a testament to our courage to care culture. The strong operating results at Rainy River over the last four quarters speak strongly to this. Looking to our future, we continued to make progress advancing our growth initiatives. We continued to advance underground development at Trinity River. The ramp access to main zone made good progress with first hour schedule for Q4 2024. And as highlighted in our recent press release, you have been accomplished some significant milestones. I want to emphasize the completion of the first drought well at C-Zone and the final commissioning of all 29 dewatering wells at the New Afton State Installation Facility. These are key for C-Zone production, and we are well on our way to reaching commercial production in the second half of next year. We also provide an update on promising opportunities to extend the mine life at New Afton beyond 2030. which I'm very excited about. This is a pivotal moment for the new Afton mine with production growth and declining costs expected in the near term, and all major capital expenditures for dating stabilizations completed. At both operations, we will continue to deliver on expectation with a strong focus on cost control and operation discipline. With that, I will turn the call over to Keith.