Iamgold Corporation Ordinary Shares

Thank you for standing by. This is the conference operator. Welcome to the I Am Gold first quarter 2025 operating and financial results conference call and webcast. As a reminder today, 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 today, you may signal an operator by pressing star, then zero. At this time, I would like to turn the conference over to Graham Jennings, VP, 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 Bruno Adams, President and Chief Executive Officer, Martin Thunusen, Chief Financial Officer, Bruno Lemlin, Chief Operating Officer, Annie Turkiya-Lagase, Chief Legal and Strategy Officer, and Doreena Quinn, Chief People Officer. We are calling today from IAMGOLD'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, 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-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 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. And I know it's a busy morning with earnings results, so we'll do our best to move things along. IAM Gold began the year with the modest production of 161,000 ounces, but yet achieved several key milestones that further positioned the company for a much stronger remainder of the year. We remain very confident in our 2025 attributable production guidance target of 735 to 820,000 ounces, with stronger quarterly production expected from each of our operations over the remainder of the year. At Cote, we have recently celebrated the best month of operations in March and April, achieving monthly throughput of 1 million tons processed, with the plant operating now at the 90% plus of nameplates. This progress positions us well to complete the ramp up to an end plate production of 36,000 tons per day by the end of the year. Meanwhile, we believe we have a significant amount of value yet to uncover. This year, we are conducting a significant drill program in the Cote and Gosling zones in support of a technical report in 2026. incorporating a mine plan that will bring these zones together into a unified super pit and online a larger-scale operation, build up a significant portion of the over 20 million ounces of resources in this zone, making Kode one of the largest gold mines in Canada. At Isakani, we will continue to do safe operation of the mine, prioritizing the ability to maximize cash flow generations and dividend payment out of the country. As mining moves deeper into the pit in Q2, we expect to see improvements in grade reconciliation and stronger quality gold productions for the remainder of the year. And at Westwood, our focus is on expanding our underground mining areas and continuing our strong record of resource-to-reserve conversion. Westwood made significant strides last year to become a positive cash flow generating asset. and we believe there is a significant potential to improve the value further through the drill pit and are increasing the feed of higher-grade materials to the mill. Eventually, we are quickly working through our goal prepayment arrangement, which in and of itself is a form of debt retirement. Taking together with the prepays behind us by mid-year, IMGO will be an 800,000-ounce per year producer with full exposure to gold price and significant cash flow generation from three pre-cash flowing assets. But yet trading at a fraction of our mid-tier peers on the price to cash flow basis. Further, with the COTI expansion scenario and the rapid growth of our Nelligan's and Munster Lakes assets in Quebec, which combined have nearly 9 million ounces of global resources. This means IAM Gold offers a robust organic growth portfolio within our own backyard. Now let's dive into the first quarter. Operating performance always starts with safety as ensuring all of our employees and contractors go home safely is priority number one. In the first quarter, our total recordable injury frequency rate was 0.67, a slight uptick from the prior quarter. Management has instituted a new safety program in control with a focus on critical risk management and visible leadership to reduce high potential incidents. Additionally, yesterday the company released its 2024 sustainability report, which mark the 18th year of IAMGOLD disclosing the sustainability topics and information that are most material to our stakeholder and our business. As an organization and member of the community, we are proud of our dedication to responsible mining practices, the core element of the IAMGOLD culture. Looking at operations, IAMGOLD started the year with a tributal production of 161,000 ounces. as both Cote and Westwood production was lighter than the prior quarter, partially observed by modestly higher production at Isakani. The first quarter was expected to be the lightest quarter of production this year due to the ramp-up in associated maintenance activity at Cote limiting throughput early in the year and the expectation of the transitions to higher grade in the second half at Isakani. At Westwood, production decreased from the prior quarter, but is expected to resume. Its recent track record of strong performance has still developed and continues to improve flexibility in the mine. Cash costs average $1,459 per ounce, and all-in sustaining costs average $1,908 per ounce in the first quarter. Costs are expected to decline quarter over quarter as production ramps up and we remain confident in our cost guidance for the year. While lighter, the first quarter production of 161,000 ounces represents a net increase of 7% year over year at an increased margin, largely driven by the additions of go-to-go, which moved from first goal in March 2024 to 90% plus nameplate in March 2025. This resulted in an increase of our mine site free cash flow to 140 million in Q1 compared to 46 million in the same period of the prior year. With that, I will pass the call over to our CFO to walk us through our financial results and position. Martin?