speaker
Operator
Conference Operator

Thank you for standing by. This is your conference operator. Welcome to the IAMGOLD third quarter 2025 operating and financial results conference call and webcast. As a reminder, all participants are in the listen-only mode, and the conference call 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, 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 of Investor Relations for IAM Gold. Please go ahead, Mr. Jennings.

speaker
Graham Jennings
Vice President, Investor Relations

Thank you, Operator, and welcome everyone to our conference call today. Joining us on the call are Renaud Adams, President and Chief Executive Officer, Martin Taneuson, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Annie Tortilla-Lagasse, Chief Legal and Strategy Officer, and Dorena 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, Kootenai, Shawnee, 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 reconciliations of these measures in our most recent ND&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 President and CEO, Renaud Adams.

speaker
Renaud Adams
President and Chief Executive Officer

Thank you, Graham, and good morning, everyone, and thank you for joining us today. This is an exciting time for IAMGOLD with another quarter of production led by strong performance at Cote Gold in the Sacana Mines, helping to fuel record cash flow generations for the company. The current strong gold market has been very well-timed for IAMGOLD, coinciding with the advancement of our assets, allowing the company to advance our strategic plans ahead of schedule. We are proud of this transformation and also to introduce today our new logo and refreshment, which we believe reflect who we are today. We are extremely proud of our roots and history, but now our name stands for Innovative Accountable Mining. IM Gold is a modern gold mining company that is proudly Canadian with strong cash flow and significant long-term growth opportunities ahead. We mine with a mining redefined purpose in mind, putting safety, responsibility, and people first. We hold ourselves accountable and embrace change and drive innovations at every level, from slaughter systems and technology to better ways of working. There are many highlights to discuss for INGO today, from operations, financials achievement, and an improved share buyback program, which remains subject to TSX approval. We will also discuss our forward-looking plans, including the expansion scenario for Cote d'Ivoire, which is expected to demonstrate significant upside to the current mine plan at Cote. Finally, we will cover the recent announcement of acquisitions to consolidate the Chibougamou-Chapelle region in Quebec to create an elegant complex. These transactions further position IOMGOL as a leading modern Canadian-focused multi-asset gold mining company. I am proud of our team's achievement and remain confident in our ability to deliver enduring values for investors and partners while maintaining a steadfast commitment to safety and accountability. Turning to the quarter, and we're now on slide five. As I am told, the safety of our people and communities remains our top priority. In the third quarter, our total recordable injury rate was 0.56. a 15% improvement year-over-year on a 12-month rolling average and comparing well with our industry peers. We are focused on advancing our critical risk management program, including an important integration of contractor into the IMGOL way of safety management with the goal to reduce high potential incidents. Looking at operation on an attributable basis, IMGOL produced 190,000 ounces of gold in the third quarter. The quarterly performance was led by strong results at Cote, which produced a record 106,000 ounces on a 100% basis, followed by an improved quarter-over-quarter attributable production at Isakami, as the mine saw a great bounce back while mining deeper into phase seven of the pit. Year-to-date, IMGO has reported 524,000 ounces of attributable production. As we will walk through in a moment, Production is expected to be the highest in the fourth quarter, positioning the company well to achieve our guidance target of 735,000 to 825,000 ounces of gold this year. On a cost basis, IM Gold reported third quarter cash costs of $1,588 an ounce and an all-in sustaining cost of $1,956 an ounce. Costs remain higher. year-to-date as a record gold prices directly and translate into higher royalty compounds with the new royalty regime in Burkina Faso, as well as higher unit costs at Cote from an increased proportion of supplementary contracted crushing to stabilize operations during our first full shutdown and until the second gold crusher is installed in the fourth quarter. Cash costs and all in sustaining costs for the year are expected to be at the top end of the guidance range, though we expect to see a strong end to the year with higher expected cash flow in the fourth quarter on the improved productions and higher margins. With that, I will pass the call over to our CFO to walk us through our financial highlights. Martin?

Disclaimer

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Investor presentation