Fortuna Mining Corp

Good day, everyone, and welcome to the Fortuna Mining Corps fourth quarter and full year 2025 financial and operational results call. At this time, all participants are placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to hand the floor over to your host, Carlos Baca, Vice President of Investor Relations. Sir, the floor is yours.

Thank you, Matthew. Thank you. Good morning, ladies and gentlemen, and welcome to Fortuna Mining's conference call to discuss our financial and operational results for fourth quarter and full year 2025. Hosting today's call on behalf of Fortuna are Jorge Alberto Ganosa, president, chief executive officer, and co-founder. Luis Darío Ganosa, chief financial officer. Cesar Velasco, chief operating officer, Latin America. David Whittle, chief operating officer, West Africa. Today's earnings call presentation is available on our website at fortunamining.com. Statements made during this call are subject to the reader's advisories included in yesterday's news release and webcast presentation or management discussion and analysis and the risk factors outlined in our annual information form. All financial figures discussed today are in U.S. dollars unless otherwise stated. Technical information presented has been reviewed and approved by Eric Chapman, Fortuna Senior Vice President of Technical Services, and a qualified person as defined by National Instrument 43-101. I will now turn the call over to Jorge Alberto Ganosa, President, Chief Executive Officer, and co-founder of Fortuna Mining.

Thank you, Carlos. Good morning, and thank you for joining us today. I'll start very briefly with the quarter before moving to our growth outlook. In the quarter, we delivered record adjusted net income of 23 cents per share, generally in line with analysts' consensus. Net cash from operations before working capital adjustments was a strong 48 cents per share, exceeding consensus estimates of 43 cents. We also generated record free cash flow of $132 million for the quarter, And again, record $330 million for the full year, highlighting the strength of our operations and balance sheet, which ranks amongst the strongest in our peer group, with over $700 million in liquidity and a net cash position of approximately $380 million. With that context, let me turn to the more important part of the story now, which is growth and value creation. As we have stated, our objective is clear. To grow Fortuna to more than half a million ounces of annual gold production from long life assets, achieving this over the next 24 months, this will represent approximately 65% growth from current production levels. Importantly, this is growth that we control. The ounces are already contained within our mineral inventory across advanced projects in our portfolio. As this production comes online, we expect it to translate into meaningful growth in free cash flow per share, supported by scale, asset quality, good geographic distribution, and capital discipline. The delivery of this growth is driven by two core assets, the AMBA suit in Senegal, and Seguela in the Ivory Coast. Starting with the AMBA suit, the project continues to advance on a fast track approach towards a formal construction decision in mid-year, aligned with the publication of the feasibility study. This morning, we released an updated mineral resource estimate showing a 73% increase in indicated resources to 1.25 million ounces of gold. which will form the key foundation for the study. For 2026, we have approved a $100 million budget at the Ambasud, with $67 million of that allocated to early works, which include the camp facilities, major excavations, and other enabling infrastructure. We began breaking ground this week, and we filed our exploitation permit application earlier this month. marking important execution milestones. Mineralization at Diamba remains wide open, and we continue to carry out aggressive drilling in parallel with project development activities as we pursue further resource growth while growing, continuing, and de-risking the project timeline. Turning to Seguela, we're preparing for the next phase of growth through a plant upgrade study currently underway, evaluating throughput expansion options that potentially take the mine to 200,000 ounces of annual production. This work builds on recent reserve growth and positions Seguela to deliver higher production and cash flow from an already high quality long life asset. In summary, Fortuna's growth to over half a million ounces is visible, controlled, and executable, supported by a strong balance sheet, a sound base of mineral resources and reserves, and a clear focus on per share value creation. With that, I'll turn the call over to the operating team. David, you want to share your update?