Agnico Eagle Mines Limited

EGLE fourth quarter and full year 2023 conference call. All lines have been placed on mute to prevent any background noise. 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 a number one on your telephone keypad. If you'd like to withdraw your question, please press star, then a number two. Thank you. Mr. Ammar Aljandi, you may begin your conference.

Thank you, operator, and good morning, everyone. First, let me say thank you again for joining us this morning. It's always great to have our owners and our friends and analysts joining us. This morning in particular, my colleagues and I are excited to talk to you about our fourth quarter and full year results. The results, as you will hear, are very strong. But while these results are strong and we're going to talk about them, we're more excited to talk about our future. not just our guidance for 2024 and 25 and 26, but the next several years. And importantly, we'll talk a little bit about some of the key projects that will propel Agnico Eagle forward. It'll propel us forward by delivering more value per share at mines that, importantly, we already operate in regions we've been in for decades and with people and teams already in place. We'll go through a number of slides this morning, and you'll hear from a number of our most senior executives about the business and how it's going. But really, the message we want to leave with you is a simple message. It's a message of stability, consistency, and of quality, quality of the projects, quality of the assets, and the quality of our people. It's a message, hopefully, that you'll walk away thinking and appreciating that Agnico has built a unique position in this industry with some of the largest, longest-life gold mines in the world operating in the safest jurisdictions with great exploration potential, continuing great exploration potential, great operating results, and great projects. It's a company with 66-year history of fiscal prudence, capital discipline, and per share focus. Before I jump in, I would suggest and note that there are forward-looking statements. And if I might ask, operator, if we can jump to slide five. Perfect. Thank you. So in discussing our fourth quarter and full year 2023 highlights, so for 2023 highlights and full year, four important milestones and achievements. One, record gold production. Best ever in the quarter, best ever for a full year. You know, that's impressive for any company. It's especially impressive, I think, for a company that's been around for 66 years. Two, record cash from operations. Best ever in a quarter, best ever in a year. Three, record mineral reserves, up 10%. It's almost 54 million ounces. So it shows not only are the operations doing well, but the reinvestment into the business and into the future is doing well. And then four, most proud of all, the best annual safety performance in the company's history. I've had the pleasure of talking about solid safety performance on a number of these calls. You know we're passionate about it. I'll say it again, there's nothing more important, nothing more important than keeping our people safe, our community safe, and the environment safe. And I want to say a special thank you to all of our employees who are listening in, not only for taking the responsibility to keep yourself safe, but the responsibility to keep your colleagues and coworkers safe. And then we'll also talk about the future. We'll talk about our guidance, solid three-year production guidance, with industry-leading costs. And we're going to talk about, again, we're most excited about the projects that we have in place that we think will add significant value, and we'll talk about some of the guidance that we're going to give, more clarity on that towards the middle of the year.

Next page, please. So these results, which we're very proud of,