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. Please go ahead.

Thank you, Operator, and thanks to everybody for attending Alamos' first quarter 2026 conference call. In addition to myself, we have on the line today John McCluskey, President and Chief Executive Officer, Greg Fisher, Chief Financial Officer, and Luc Guimond, Chief Operating Officer. 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 Oswick, our Senior VP Technical Services and a qualified person. Also, please bear in mind that all the dollar amounts mentioned in this conference call are in U.S. dollars unless otherwise noted. Now, John will provide you with an overview of the quarter.

Thank you, Scott. And I'm going to start with slide three. First quarter production was 124,000 ounces in line with quarterly guidance. with a strong performance from the Island Gold District, offsetting lower than planned production at Young-Davidson. The Island Gold District had a solid overall quarter, with the shaft and larger mill expansion advancing, underground mining rates increasing to a new record of over 1,400 tons per day, and a significant improvement in Maginot's milling rates over the past six weeks. The continued ramp up of underground mining rates at Island Gold, as well as improvements in mining rates and grades at Young-Davidson, are expected to increase our second quarter production by approximately 20%. With the Island Gold district expected to drive further production growth in the second half of the year, we remain well on track to meeting our full year production guidance. With our year end disclosure in February, we guided to costs for the first quarter being above the first half guidance range. All-in sustaining costs were $1,862 per ounce and are expected to decrease by approximately 5% during the second quarter. A more significant improvement is expected into the second half of the year, reflecting an increase in low-cost production from the Island Gold District. Financially, we had another strong quarter with record revenues and margins Relative to a year ago, our all-in sustaining cost margins nearly tripled to approximately $3,000 per ounce. This contributed to record cash flow from operations and another solid quarter of free cash flow of $102 million while reinvesting in high return growth. Now turning to slide four, we had a catalyst-rich first quarter that included releasing highlights of a successful 2025 exploration program across our portfolio. This supported a 32% increase in year-end mineral reserves to 16 million ounces and included a near doubling of reserves at the Island Gold District to over 8 million ounces. This growth was incorporated into the Island Gold District expansion study, which was also released in the first quarter. The study outlined a large, long-life, low-cost operation that is expected to be one of Canada's most profitable mines. At a $4,500 per ounce gold price, the Island Gold District is expected to generate over $1 billion in annual free cash flow and has a $12 billion after-tax NPV, making it one of the most valuable gold mines in Canada. Based on the ongoing exploration success we are seeing across the district, we believe there is further upside to come. Toward the end of the first quarter, the shaft sink at Island Gold reached its planned depth of 1,381 metres, We expect to complete the commissioning of the shaft early in 2027, which will be a key catalyst driving a further increase in production and decrease in costs. With strong ongoing free cash flow, generation at current gold prices and significant growth expected ahead, we announced a 60% increase in our dividend in February and will continue evaluating opportunities for additional shareholder returns. Turning to slide five. We have previously outlined a clear path to 800,000 ounces of annual production by 2028, with costs expected to decrease 18% relative to 2025. We expect our annual production to continue increasing to 1 million ounces by 2030 with a further decrease in costs. This growth is expected to be internally funded by ongoing free cash flow generation and a strong balance sheet with $1.2 billion in available liquidity. Our team is making strides towards our long-term plans across our asset portfolio. The completion of the Phase III plus shaft expansion at Island Gold is less than a year away. Our larger Maginot Mill expansion is well underway, and construction activities are ramping up at Lynn Lake and PDA. These are high-return projects, all lower cost and largely de-risked, underpinning one of the best growth profiles in the sector. I'll now turn the call over to our CFO, Greg Fisher, to review our financial performance.