Agnico Eagle Mines Limited

My name is Ludi and I will be your conference operator today. At this time, I would like to welcome everyone to the MECO Eagle Minds Limited Q1 2025 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 would like to ask a question during this time, simply press the star followed by the number one on your telephone keypad. And if you would like to withdraw your question, you may press the star followed by the number two. Thank you. Mr. Amar Aljandi, you may begin your conference.

Thank you, operator. Hello, everyone, and thank you for joining our first quarter conference call this morning. We're pleased to be sharing with you another strong quarter with solid results across the board. Strong production, excellent cost control, record financial results, excellent progress on our growth projects, including our five key value drivers, and some really great exploration results at a number of our mines. Before we jump into the call, I'd like to remind everyone that we'll be making a number of forward-looking statements, so please keep that in mind. As we go through the results of the quarter, there are three key messages we want to emphasize. One, we continue to deliver strong overall performance and we're well positioned to continue to deliver that performance for the rest of the year. We continue to strengthen all areas of our business. And three, we're making great progress on building the foundations of our future growth and future value creation for our owners. Starting with our first quarter operating and financial performance. In a year where gold prices have increased by over $1,000 an ounce, our gold production of 874,000 ounces and our cash costs of $903 per ounce We're almost identical to our production and cost numbers in the first quarter of last year. This means we are delivering the full benefit of these rising gold prices to our owners. That's why our owners invest in us and that's our job to deliver. We do this by delivering solid production and controlling costs safely, responsibly and reliably. Not surprising With good operational performance and record gold prices, we continue to deliver record financial results, record operating margins, record adjusted net income, and not just on an absolute basis, but also record adjusted net income on a per share basis. It's the per share metrics that matter, and it's the per share metrics that we will always focus on. The second key takeaway is our progress in strengthening the business. This quarter, we've returned a quarter of a billion dollars to our owners through dividends and share buybacks. At the same time, we've invested in moving forward the best pipeline in the business. We've made record investments in promising exploration, and we've largely eliminated our net debt. We continue to generate record cash flows, and we're well positioned to further increase returns to shareholders. Jamie will be going through our financial performance shortly. The third key takeaway, building the foundations of our future growth, is really the most important and the most exciting takeaway from today's call. An essential element of any quality business is sustainability. This is especially true for a company like Agnico Eagle where our core strategy revolves around building a long-term, high-quality, sustainable business in the regions in which we operate. We're proud to have just published our 16th Annual Sustainability Report, the highlights of which Carol Plummer, our EVP, People, Environment and Sustainability, will briefly review in a minute. A little later in the presentation, Dominic and Natasha will speak about the steady progress we continue to make on our five key value drivers. Number one, Our ongoing work to get Detour to over a million ounces a year. Number two, our vision to get Malartic to over a million ounces a year. Number three, excellent construction progress at Upper Beaver, a brand new mine in a great region that could add over 200,000 ounces a year. Number four, continued great drill results and accelerating on-site activity at Hope Bay with a target of over 400,000 ounces a year. And finally, five, continued good progress at San Nicolas, a high-grade, high-return copper project in the best mining jurisdiction in Mexico. And finally, Guy Gosselin will spend a few minutes highlighting some of the really excellent and exciting exploration results our team is delivering at some of the most promising ore bodies in the world. With that, I'll turn over the presentation to Carol.

Thank you, Ammar, and good morning, everyone. Our 2024 sustainability report highlights our global approach and regional focus. Starting with safety, we continued our journey towards zero accidents, focusing on visible felt leadership in the field and identifying and mitigating risk. 2023 was the best year for safety in the company's history, and in 2024, we did not do quite as well. However, all of our sites are focused on reducing harm, and we will continue to focus on safe work in every job, every day. Our approach to climate change continued to focus on energy efficiency, technology transition, and increased use of renewable energy, and we remain amongst industry leaders with a GHG intensity of 0.38 tons of CO2 equivalent per ounce, well below the industry average of 0.79. We're working to meet our commitments to reconciliation through the seven pillars of our Reconciliation Action Plan, and we are focused on training and developing our employees, listening and resolving concerns, and engaging frequently, preparing our employees and our sites to succeed. We're very happy to see improved engagement through our employee survey, and importantly, low turnover rates. And with that, I will pass over to James.