Iamgold Corporation Ordinary Shares

Thank you for standing by. This is the conference operator. Welcome to the I Am Gold fourth quarter and year end 2024 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 will 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 would like to turn the conference over to Graham Jennings, Vice President, Investor Relations and Corporate Communications for IAM Gold. Please go ahead, Mr. Jennings.

Thank you, operator, and welcome everyone to our conference call today. Joining us on the call are Renaud Adams, President and Chief Executive Officer, Barton Venutian, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Doreena Quinn, Chief People Officer, and Annie Torquia Lagasse, Chief Legal and Strategy Officer. We're coming today from IAMGOLD's Toronto office in Canada, which is located on Treaty 13 territory on the traditional lands of the many nations, including the Mississaugas of the Credit, the Anishinaabeg, the Chippewa, Haudenosaunee, and the Wendat peoples. At IAMGOLD, we believe respecting and upholding Indigenous rights is founded upon relationships that foster trust, transparency, and mutual respect. Please note that our remarks on this call will include forward-looking statements and refer to non-IRFRS measures. We encourage you to refer to the cautionary statements and disclosures on non-IRFRS measures, including 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 will now turn the call over to our President and CEO, Renaud Adams.

Thank you, Graham, and good morning, everyone, and thank you for joining us. Last year was a monumental year for IAMGOLD as the company achieved critical milestones that have positioned the company as a dynamic, modern, multi-asset mid-tier gold producer with significant potential for free cash flow growth and expansion. IAMGOLD finished 2024 with total attributable gold production of 667,000 gold ounces, a 43% increase from the prior year and in line with our previously raised guidance estimates. This performance was driven by the successful startup of Codigal, as well as exceptional operational and output from ESSACAN and Westwood. Financially, the company took significant steps to improve its financial position and capitalize on the strong operating results and robust gold market. Highlights in the year include a completion of the repurchase agreement to return to the 70% interest level at Coty Gold, the successful net delivery and completion of half the legacy gold prepayment arrangement, all while still generating a total adjusted EBITDA for the year of approximately $781 million. and further strengthening our balance sheet and financial flexibility with the bolster credit facility, resulting in us ending the year with total liquidity of approximately $767 million and the expectation of increasing free cash flow this year. Additionally, last night, alongside our financial results, we disclosed our updated mineral resources and reserve estimates, the highlights of which were a significant increase in ounces and grades at our Nelligan project, located in the Shibugamu region. With the update, Nelligan is now among the top largest gold deposits in Canada and is expected to continue to grow, all while being located in the top tier mining jurisdiction. Another highlight from the mineral resources update was at Isakani, where the teams were able to increase the mineral reserves after accounting for depletion, suggesting another potential year of mine life for the strong cash-lowering asset. Over the last few years, IAMGOLD has seen a rapid growth of value, production, and mineral resources within Canada, where now today approximately 80% of our measured and indicated ounces and 90% of global inferred ounces are located in Canada in well-established mining jurisdiction. In the near term, our goal is clear, to ramp up Cote Gold to a steady, sustainable state operating at the nameplate throughput level of 36,000 tons per day in the fourth quarter of this year, while maximizing our mineral measure and indicated resources at Cote and Gosselin in support of a technical report in 2026 that would outline a unified mine plan based on Cote and Gosselin. Meanwhile, we will continue safe mining activities at Isakane and Westwood to maximize production while managing our cost drivers with a focus on cash flow margin preservation. Should the current gold price environment remain in place, by the middle of this year, we anticipate we will have our gold prepayment facility behind us with Cote, Isakane, and Westwood capable of generating record cash flow and conceptually well-positioning IMGO to begin the process of delivering its balance sheet, starting with our high-cost dense vehicles to further refine our capital structure and moving closer to our goal of becoming a leading modern Canadian gold producer with a strong balance sheet and assets that are poised to generate significant value for our stakeholders, partners, and investors. Looking at the highlights from the year and the fourth quarter, at IMGO, we strive to be among the leaders in health and safety, talent development, and ESG, including tailings management, water stewardship, and community well-being. Looking at last year as a whole, our total recordable injury frequency rate was 0.63, an improvement from the prior year. Ensuring all of our employees and contractors go home safely would always be the primary focus for IMGO, and to succeed every goal produced has to be done safely. On production, in the fourth quarter, the company produced 177,000 ounces, bringing total annual production to 667,000 ounces on an attributable basis. In line with our guidance, which was raised mid-year to 625,000 to 715,000 ounces. Total annual productions in 2024 was 43% higher than 23, driven by a strong first half at Isakane, a near record year at Westwood, and the startup of Codigo, which produced 124,000 ounces to our account in the first nine months of operation. Cash cost per ounce sold, excluding Cote, was $1,176 for the year at the low end of our guidance range of $1,175 to $1,275 and $1,393 per ounce for the first quarter. All in sustaining cost per ounce sold, excluding Cote, was $1,725 for the year. trending towards the low end of our guiding range of $1,700 to $1,825, and $2,071 for the fourth quarter. Cash growth in ASIC increased quarter over quarter through 2024. This was primarily associated to rising waste tripping and lower relative grades at Isakane, as the mine opened up and started mining of new phase as per the mine plan. On the annual basis, while costs are in line with the prior year, they remain relatively high due to continued pressure on supply chains within Burkina Faso, as well as sustained elevated price on certain consumables and labor. With that, I will pass the call over to our CFO to walk us through our financial results and position. Martin?