Alamos Gold Inc.

Good morning. I'll now turn the call over to Scott Parsons, Alamos Senior Vice President of Corporate Development and Investor Relations.

Thank you, operator, and thanks to everybody for attending Alamos' fourth quarter 2025 conference call. In addition to myself, we have on the line today John McCluskey, President and Chief Executive Officer, Greg Fisher, Chief Financial Officer, Luke Guimond, Chief Operating Officer, and Scott Parsons, Vice President of Exploration. We will be referring to a presentation during the conference call that is available through the webcast and on our website. I would also like to remind everyone that our presentation will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes included in the presentation, news release and MD&A, as well as the risk factors set out in our annual information form. Technical information in this presentation has been reviewed and approved by Chris Boswick, our Senior VP of Technical Services and a qualified person. Also please bear in mind that all of the dollar amounts mentioned in this conference call are in U.S. dollars unless otherwise noted. Now John will provide you with an overview.

Thank you, Scott. So I'm gonna start with slide three. Production for 2025 was 545,000 ounces, below our guidance. As a result of severe weather in late December and other challenges with the Canadian operations, our costs were above annual guidance, reflecting the same factors. Despite the setbacks, we delivered a number of financial records, including revenue of 1.8 billion and record free cash flow of over 350 million, while funding our high return growth projects. Supported by strong free cash flow generation, we doubled our shareholder returns, further strengthened our balance sheet by reducing our debt, and eliminated more of the hedges inherited from the Argonaut gold transaction, giving us increased exposure to a higher gold price. Looking ahead to 2026, we expect a meaningful improvement in operational performance to drive a 12% increase in production. This will be driven by by ramp-up of mining rates at Island Gold as part of the Phase III POP Plus expansion, as well as higher mining rates at Young-Davidson. We expect further growth in production at lower costs in the coming years as we deliver on the larger Island Gold District expansion by 2028 and bring Lynn Lake into production by 2029. Our longer-term outlook remains firmly on track to nearly double our annual production of approximately over a million ounces a year at lower costs. Now turning to slide four, over the past month, we outlined the key drivers of our strong outlook. As detailed in our updated three-year guidance, we expect to deliver a 46% increase in production at approximately 20% lower all its sustaining costs by 2028. We also provided exploration updates on our mines and exploration projects, highlighting significant upside potential across our portfolio. Our successful exploration program in 2025 contributed to a 32% increase in year-end mineral reserves to 16 million ounces, making this the seventh consecutive year of growth. This included a near doubling of reserves at Island Gold District to over 8 million ounces. As announced earlier this month, this growth is being incorporated into a larger expansion of the district, which is expected to create one of the largest, longest life and most profitable gold operations in Canada. This is a high return expansion that the Island Gold District can fund on its own while contributing to our increasing free cash flow. Reflecting this strong outlook and growing free cash flow, we were pleased to announce a 60% increase in our dividend commencing this quarter. As outlined in the expansion study, we will be expanding milling rates to 20,000 tons per day. The higher rate is supported by increased mining rates of 3,000 tons per day from underground and 17,000 tons per day from the open pit. With the completion of the expansion in 2028, Annual production from the Island Gold District is expected to average 534,000 ounces of gold for the initial 10 years at lower mine site all-in sustaining costs of $1,025 per ounce. This is more than double the 2025 production and at 30% lower costs. At a conservative $3,200 per ounce gold price, the operation will generate in excess of $800 million of annual free cash flow and have an after-tax net present value of $8.2 billion. At a gold price of $4,500 per ounce, the after-tax NPV increases to 12 billion, making the Island Gold District one of the largest and most valuable gold operations in Canada. Now turning to slide six, our three-year guidance outlined a clear path to reach 800,000 ounces of gold production by 2028, at nearly 20% lower all infestating costs of approximately $1,250 per ounce. Longer term, the completion of the Island Gold District expansion in 2028 and initial production from Lake in 2029 is expected to drive our production to approximately 1 million ounces per year by the end of the decade, with a further decrease in costs. We have one of the best growth profiles in the sector. and we can fund all our growth internally while we continue to generate increasing free cash flow. So I'll now turn the call over to our CFO, Greg Fisher, who will review our financial performance.