Allied Gold Corporation

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Your conference is now ready to begin. Thank you all for joining us this morning. Before I turn the call over, I need to advise that certain statements made during this call today may contain forward-looking information and actual results could differ from the conclusions or projections in that forward-looking information. which include but are not limited to statements with respect to the estimation of mineral reserves and resources, the timing and amount of estimated future production, cost of production, capital expenditures, future metal prices, and the cost and timing of the development of new project. For a complete discussion of the risks, uncertainties, and factors which may lead to actual financial results and performance being different from the estimate contained in the forward-looking statements, please refer to Allied Gold's press release issued yesterday. I would like to remind everyone that this conference call is being recorded and will be available for replay later on today. Replay information and presentation slides accompanying this conference call and webcast are available on Allied Gold's website at alliedgold.com. I would now like to turn the call over to Peter Moroney, Chairman and CEO. Please go ahead.

Thank you very much, Operator, and thank you, ladies and gentlemen, for joining us on our call. With me today is most of the members of our management, including Jason LeBlanc and Johann Stoltz, respectively our Chief Financial Officer and Chief Operations Officer, Daniel Racine, Greg is here as well, along with Gwenael Guillen and Gerardo Fernandez. Joining us also is Don Dudek. Don is transitioning into the role of Chief Exploration Officer, the head of our exploration effort. Greg will be leaving the company, at least formally, as an officer at the end of April, staying on in a consulting role after that. And we're going through an orderly transition to Don, for everyone's benefit. Don is very familiar with opportunities in Africa, and most recently he was involved in the due diligence that the management of Allied, as we were transitioning into management and taking the company public from April of 2023, he was involved in that due diligence on the exploration side. So we had a solid progress in the fourth quarter, record production of just over 99,600 ounces, almost 100,000 ounces. It supports our Production platform, our view that the existing assets of the company can produce a comfortable 375 to 400,000 ounces are adjusted all in sustaining costs, and Jason will take us through more of that, but that came in at $1,708 per ounce. It's a decline from previous quarters, and it's lower than where we had expected it to be when we gave our preliminary view on what the quarter looked like in January. We continued our positive progress with our growth projects, and Eduardo will take us through that. We increased our cash balances very significantly, and we secured streaming and prepaid deals. And, of course, we generated positive cash flow. And we have encouraging exploration results. We have a large inventory of ounces, and that will further increase. Leadership is important, and management is important. It is not just the quality of the assets, but the quality of management. So part of what we've been doing is we've been completing programs for optimizations and improvements to our local management, enhancing operation and technical support structures, reinforcement of engineering and planning teams with local talent, and moving our technical services functions, centralizing it into the Toronto office. As importantly, we've also been transitioning our management at each of the operations, including at a general management level, to those with significant engineering background and local rather than reliance on expatriates. That's an important part of what we do and what we think leads to the success of mining endeavors. We completed the transition to the Chief Operations Officer and Johan is now firmly in the seat. And as I mentioned a few moments ago, we have appointed Don Dudek as the Chief Exploration Officer and we will be going through that orderly transition from Greg, and Greg, thank you very much for all of your efforts in taking the company public before the company was taken public and going through this transition. We've demonstrated in the fourth quarter and through 2024 ongoing improvements to community and national relations. We continue to forge strong ties with local stakeholders and governments, including at a national level, and that includes in Mali with our cooperation agreement with the Malian authorities and, of course, in Ethiopia. where we have a best in class with a first mover advantage as the first mechanized mine in the country. We've also pursued strategic arrangements after several asset and corporate strategic arrangements that we began in mid-2024. We did announce about a month ago an arrangement with a UAE-based investment group that was improves our balance sheet. We have begun to call it a fortress-type balance sheet. It is strengthening the balance sheet significantly. It allows for the full funding of Cremoc and the phased expansion of Sadiola independently of operational cash flow. Implicit in that, of course, is that it means that when Cremoc is up and running, we are not reliant on that cash flow for the funding of the second phase expansion at Sadiola, and that becomes free cash flow. for the deployment for other purposes. And, of course, since it has been our practice as a management to encourage dividends, we're certainly open to the advance of the payment of dividends. It accelerates our path toward free cash flow, as I mentioned, but it also, part of what we've been doing with these strategic arrangements is increasing the company's optionality. These deals are not must-haves. but they create increased optionality, and that creates value for a mining company. Operational improvements and strategic enhancements that are driving sustainable growth and operational excellence into the future. We cannot overlook that. With that as my introduction, ladies and gentlemen, let me pass the call to Jason and to Johan on our financial and operational performance.