Iamgold Corporation Ordinary Shares

Thank you for standing by. This is the conference operator. Welcome to the IAMGOLD third quarter 2023 operating and financial results conference call and webcast. 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. At this time, I'd like to turn the conference over to Graham Jennings, VP Investor Relations and Corporate Communications for Ion Gold. Please go ahead, Mr. Jennings.

Thank you, operator, and welcome everyone to our call this morning. Joining me today on the call are Renaud Adams, President and Chief Executive Officer, Martin Finucane, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Tim Bradburn, Senior Vice President, General Counsel and Corporate Secretary, and Jerzy Orzechowski, Executive Project Director, Cote Gold. Before we begin, we are joined today from I Am Gold's Toronto office, which is located on Treaty 13 territory, on the traditional lands of many nations, including the Mississaugas of the Credit, the Anishinaabeg, Chippewa, Haudenosaunee, and the Wendat peoples. At I Am Gold, we believe respecting and upholding Indigenous rights is founded upon relationships and mutual respect. Please note that our remarks on this call will include forward-looking statements and refer to non-IFRS measures. We encourage you to refer to the cautionary statements and disclosures on non-IFRS measures included in the presentation and the reconciliations of these measures in our most recent MD&A, each under the heading Non-GAAP Financial Measures. With respect to the technical information to be discussed, please refer to the information in the presentation under the heading Qualified Person and Technical Information. The slides referenced on this call can be viewed on our website. I'll now turn the call over to our present CEO, Reneau Adams.

Thank you, Graham, and good morning, everyone, and thank you for joining us today. This is really an exciting time for INGO. Over the summer, we saw the Go2Go project make significant strides to where it is now. With our owners team taking over the project, activities ramping up towards production early next year. As we approach a production start at Cote, our intention is laser-focused on managing the ramp-up of the operation, with the goal in mind to make Cote one of the most successful large-scale mining startups to date in our industry. The importance of Cote Gold to buying gold is clear. This is a project that is critical for the repositioning of this company. As once online, IOMGO will have a higher production base, lower cost profile, with a strong foundation and long life of cash flow generations and growth opportunities in Canada. Turning to the quarter itself, I'm proud of the work that was achieved this year to date attributable production from continuing operations of 329,000 ounces, putting the company well on track efforts to rebuild the mine underground has begun to show key improvement. We will walk through the quarterly operating results in more detail in a moment, but I want to be clear that our short-term goals for IAM goals are the following. Brain Code A online with a focus on achieving a steady and sustainable ramp-up operations. Second, mileage offer for improving profitability while ensuring the safety of people and the community in which we operate. In the longer term, our goal remains that we want to become a low-cost, high-margin intermediate gold producer with a strong operating base in Canada. Financially, we will prioritize returning our 70% position in Cote with our capital structure. With that, we will now dive into the operating and financial results and highlights for the quarter. Starting with health and safety, the company has seen an improving trend year-over-year, with the days away restricted transfer duty rate of 0.36 and the total recordable injury rate of 0.66. This is all based on 200,000 hours worked. produce has to be done safely, and our goal continues to be zero harm. Zero harm for the people, but also the places where we operate. On production, in the third quarter, the company produced 109,000 ounces of gold on an attributable basis, slightly higher than the previous quarter, bringing our year-to-date productions to 329,000 ounces of gold. As we will get into in a moment, production results were driven by ISACANA performing effectively to plan despite continued pressures on the supply chain and an increase in tons from recently rehabilitated underground zone at West Coast. Despite these achievements, the third quarter saw a further increase in cost with IMGO reporting per quarter cash costs of $1,400 an ounce sold and an all-in sustaining cost of $1,975 an ounce. On guidance, this brings our year-to-date cash costs to $1,288 an ounce, and an all-in sustaining cost to $1,803 an ounce, sitting above our prior guidance targets you see here on the bottom. As a result, we have revised our cost guidance higher, with cash costs now forecasted to be between $1,250 and $1,335 an ounce. dollars an ounce this increase in cost trend and forecast is due to continued cost pressures at a second resulting from the security situation of which we will go more into furthermore we have seen sustained elevated price from the recent inflationary period and on that we are seeing now some signs that prices are beginning to see some easing however the rate of easement never matches the pace of increase. Looking at our other guidance revisions, we have reduced our sustaining capital forecast for Isakani and Westwood. For Isakani, if you will recall, in the first quarter, we were unable to complete the planned stripping program to the supply chain issues, which was rectified in the second quarter when the stripping program was in line with plans. This last quarter, we were able to start to recoup the shortfall in Q1. However, it does not appear we will be able to do so in time for calendar year-end. This spending will continue in 2024 in support of our 2024-25 production plan. Likewise, at Westwood, we have reduced our sustaining capital as a result of increased visibility into end-of-year underground development and rehabilitation rates. With that, I will pass the call over to our CFO to walk us through our financial results and position. Martin?