Iamgold Corporation Ordinary Shares

Thank you for standing by. This is the conference operator. Welcome to the IAM Gold first quarter, 2026 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 reach an operator by pressing star, then zero. At this time, I would like to turn the conference over to Graham Jennings, VP Business Development and Investor Relations for IAM Gold. Please go ahead, Mr. Jennings.

Thank you, operator, and welcome everyone to our conference call this morning. Joining us on the call are Renaud Adams, President and Chief Executive Officer, Martin Denison, Chief Financial Officer, Bruno Lemelin, Chief Operating Officer, Ankit Shah, Chief Strategy Officer, and Annie Topia-Legacy, Chief Legal Officer. We are calling today for Mayan 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, and the Chippewa, and the Haudenosaunee, and the Wendat peoples. At Mayan Gold, we believe respecting and upholding Indigenous rights is founded upon relationships that foster trust, transparency, and mutual respect. Please note that our remarks on today's 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 president, the CEO, Renaud Adams.

Thank you, Graham, and good morning, everyone, and thank you for joining us today. Before I start, I'd like to welcome Ankit Shah, who joined IAMGOLD on Monday as our chief strategy officer. Ankit, who many of you on the call are familiar with, brings to our team nearly 20 years of strategy, corporate development, and capital markets experience at a very exciting time for this company. So welcome, Ankit. IAM Gold is off to a strong start to 2026. In the first quarter, we produced 183,600 attributable ounces of gold, positioning us well to achieve our full-year guidance of 720,000 to 820,000 ounces. The quarter was marked by robust financial results, with revenue exceeding $1 billion and mine-side free cash flow of $525 million. The cash flow we are generating is allowing us to execute on all funds, as in the first quarter alone, we returned $260 million to shareholders through our share buyback program and repaid $100 million of debt on our credit facility while increasing our cash position. These results reflect the significant leverage of our business as to the current gold price environment, and more importantly, the quality of the asset we have built and the teams that operate them. But what excites me most is where I am gold is headed. I believe we are entering one of the most catalyst rich periods of company's history. Over the next 12 to 18 months, we expect to deliver updated technical reports across each of our assets, Cote Gold, Westwood, ESACAN, and the Nelligan Mining Complex. These studies are expected to outline a larger, longer-life production profile that we believe will redefine how the markets view Zion Gold. At Cote, the year-end technical report is expected to contemplate the significantly larger-scale operations incorporating both the Cote and Gosselin, supported by an updated mineral resource estimate coming this quarter. At Nelligan, we are advancing one of the largest pre-production gold camps in Canada towards a preliminary economic assessment next year. And at Westwood and Issaqan, we see meaningful potential of mine life extension and production growth. We will get into the detail on each of these through the presentation today. When I look at IAMGOLD today, with $2 billion of EBITDA generated over the last 12 months, a strengthening balance sheet and increasing production profile, catalysts ahead of every asset and meaningful capital being returned to shareholders, I see a company that is delivering on its promises and building something very exceptional. We are well positioned to create significant value in 2026 and beyond, and I look forward to walking you through the details. And with that, let's get into the quarter. Starting with health and safety, in the quarter, our total recordable injury rate was 0.44, a measurable improvement from the prior year period. I would like to highlight two big achievements in the quarter, as the second in mind, achieved a milestone of triple zero in the first quarter, and Westwood achieved its first full quarter at the zero tripper, a goal every mine site strives to reach. I want to thank our teams across our operation and in the field for their continued commitment to safe and responsible mining, as safety is where it starts for us. Looking at operation, and as noted, IM Gold produced 183,600 ounces to our account in the first quarter. At go-date, a tributal production of 52,300 ounces was impacted by reduced throughput due to unplanned downtime associated with wear and tear on a conveyor belt as crushed ore volume significantly increased following the commissioning of the second corn crusher. This belt will be replaced in May. after which we expect to operate at full capacity with an improving cost profile through the year, as the bottlenecking of the secondary crusher allows us to phase out the aggregate crusher. Meanwhile, SACAN and Westwood both have a very strong start to the year, demonstrating the value of having a diversified portfolio of producing assets. Cash costs, including royalties, were $1,301 per ounce and a quarter, tracking well within our full-year guidance range. Including royalties, cash costs were $1,608 per ounce, and all-in sustaining costs were $2,124. It is worth highlighting that both COTE and ISACAM carry significant royalty structure, which are directly linked to the gold price. and a quarter where the gold price realized was nearly $4,900 an ounce. The royalty component is naturally higher than what our guidance assumed at $4,000. As a reference, this worked out to around $115 per ounce increase in cash costs for a $1,000 per ounce increase in the gold price from royalty alone. Meanwhile, on the input cost, The ongoing conflicts in the Middle East has introduced additional volatility to energy markets, and we did see oil prices move higher towards the end of the quarter. The second in particular has meaningful exposure given its reliance on diesel and heavy fuel oil to power both the processing and the mining fleet. On a consolidated basis, a $10 per barrel increase translates to approximately $12 per ounce increase in cash costs. We are actively monitoring energy price movement and potential supply chain impacts across all of our operations. With that, I will pass the call over to our CFO to walk us through our financials matters. Martin.