SSR Mining Inc.

Thank you for standing by. This is the conference operator. Welcome to SSR Mining's third 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'll be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then zero. I would now like to turn the conference over to Alex Hunschuk from SSR Mining. Please go ahead.

Thank you, operator, and hello, everyone. Thank you for joining SSR Mining's third quarter 2022 conference call, during which we'll provide an update on our business and a review of our financial performance. Our third quarter 2022 consultative financial statements have been presented in accordance with U.S. CAP. These financial statements have been filed on EDGAR, CDAR, the ASX, and are also available on our website. To accompany our call, there is an online webcast and you will find the information to access the webcast in our news release relating to this call. Please note that all figures discussed during the call are in U.S. dollars unless otherwise indicated. Today's discussion will include forward-looking statements, so please read the disclosures in the relevant documents. Joining us on the call today are Rod Antle, President and CEO, Alison White, CFO, and Stuart Beckman, COO. Now, I will turn the call over to Rod for his opening remarks.

Great. Thanks, Alex, and hello to you all, and thanks for joining us. In the third quarter, our business was clearly impacted by the suspension of the Chirpler mine. I'm pleased to report that operations restarted at the end of September and ramped up smoothly. Despite the bump in the road at Chirpler, our business remains in an incredibly strong position with a robust balance sheet that has enabled us a capital returns yield of more than 5% over two consecutive years. Looking forward, we're in excellent shape with all four of our assets poised for a strong quarter fall where we expect to return to significant free cash flow generation. Some key points from the quarter. Reflecting on the negligible contribution from Chirpler and the delayed ounces from Marigold, we produced 107,000 gold equivalent ounces. Year-to-date production is now 441,000 gold equivalent ounces. Our third quarter all-in sustaining costs were $1,901 per gold equivalent ounce after absorbing more than $30 million in cash costs incurred to CHPR during the quarter. Year-to-date, our all-in sustaining costs is $1,331 per gold equivalent ounce. I'm going to speak a little bit more about guidance later on in the presentations. Financially, our balance sheet and free cash flow outlook supported the repurchase of $100 million in shares under our NCIB year to date. Our aggressive execution on the NCIB, which was only announced in June, has the company on track for nearly $160 million in capital returns in 2022, a plus 5% capital return yield. On the growth front, We received the EIA for the first stage for the Chakmak Tepe extension project at Chirpilla in the quarter. With the infrastructure construction underway, it keeps us on track for first production in 2023. As a reminder, the project will add more than 1.2 million ounces to the Chirpilla life of mine plan for an incremental capex of around $70 million. The results from the C2 PFS are expected next year an updated technical report for Chirpler and we are planning to publish a new technical report for Marigold that will incorporate exploration success and potential production growth. And to close off the year, we are planning to release exploration updates for Marigold, Seabee and Copper Hill. This is in addition to the positive drill results we just released for the Chakmakdo Bay extension. Lastly, we continue to execute on our strategy of redeploying proceeds from non-core asset sales in our core jurisdictions with the announcement of the Kalka Tepe transaction in October. So that's moving on to the next slide on ESG. And I want to highlight our core values in the relation to some of the initiatives that we have. In 2022, we have continued to deliver against the goals outlined in our annual sustainability report. And as an example, we continue to roll out our integrated management systems where full implementation is expected by year end. Furthermore, we are progressing the development of a water stewardship strategy as we seek to continually reduce our environmental footprint going forward. There'll be more to come in our update early next year. On slide number five, as we advance into 23, it's worth highlighting our long-term stable platform of 700,000 ounces of annual gold production. With all operations returning to steady state in the fourth quarter, we remain confident in our ability to maintain and grow on this production baseline through 2030 and possibly beyond. The solid foundation, coupled with the abundant growth targets being progressed across the portfolio, means that this production graph is just the baseline for us to continue to build on. On the slide six, as a company, we've established a proven history of discipline and accretive M&A, as well as project development. This includes the sale of Pitoria, which closed in the third quarter and was another piece in our non-core asset sales that have generated $245 million in sale value since early 2021, more than two times the street consensus ascribed to those assets. As I noted, we have successfully redeployed those proceeds into our core jurisdictions, first with the Tiger acquisition, expanding our CB land package earlier this year, and most recently, With the Calcutta Bay transaction that expands our ownership is the entire triple district to 80 percent. This more recent transaction provides material, operational, financial and exploration synergies, including the elimination of further of sorry, future or purchases payments to account for the previously existing ownership differential. Circular is our cornerstone asset and we are pleased to increase our exposure to the district's longer term growth and excellent exploration potential. Given our strong track records of operations and project execution, as well as our robust balance sheet, we continue to thoughtfully evaluate strategic opportunities across the sector, but will remain disciplined in our approach. On to slide seven. Over the last two years, we returned our strong free cash flow generation, which is reflected in our capital returns programs. To that effect, so far this year, we returned $144 million to shareholders through the base dividend and share buyback program. And more impressive, since the beginning of 2021, we have returned more than 90% of our free cash flow generation to shareholders, which is delivering on one of the key promises post the merger. I just want to move on to slide eight and discuss the quarter. A few points that are relevant to consider at the end of the third quarter. Traveller restarted, as I mentioned, at the end of the quarter and ramp up of the sulphide plant has gone extremely well, which was a significant achievement for our team. The year to date production of 441,000 ounces and Norland's sustaining cost of $1,331 reflects the suspension of Chirpler and the delays of recovering gold at Maragon. With our operations back to steady state, we expect to return to strong free cash flow in quarter four and beyond. We're definitely excited by the stable of low capital intensity growth opportunities and continue to advance each one of these where a number of updates are expected before year ends. Moving on to slide nine. I just want to make a few comments on guidance. We are on track for a strong quarter four, but have been unable to claw back the lost production and are now revising our full year production guidance to 620,000 to 655,000 ounces. This reflects the slower than expected leaching of the stacked high grade ounces of marigold, which Stu will elaborate on further, as well as to shut down the Chirp line. At Puna, they have done a great job in meeting the original guidance, but unfavourable metal prices have impacted the gold to silver ratio, meaning less GEOs on a conversion as compared to our original guidance. And finally, CB remains on track for the previously announced improved production guidance that was announced last quarter, which is a great result for that team. Our rule in sustaining cost guidance has increased to $1,315 to $1,345 per gold equivalent ounce to reflect this new production guidance. This implies a quarter four production of around 200,000 ounces and thus far in quarter four, we're on track to meet that target. As I mentioned, we have a number of exploration updates due before year end and moving into next year, we plan on releasing the PFS for C2 and a new technical report for Marigold. Internally, we're encouraged about the future for each one of the assets, and the exploration results issue continues to support this view. So with that, I'm going to now turn the call over to Alison, who will then discuss our financial performance starting on slide number 10.