Andean Precious Metals Corp.

Thank you for standing by. At this time, I would like to welcome everyone to the Andy and Precious Metals fourth quarter and year end conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star when again. Thank you. I would now like to turn the call over to Amanda Malone, Director of Investor Relations. You may begin.

Thank you. Good morning, everyone, and thank you for joining Andy and Precious Metal's conference call to discuss our financial and operating results for the three and 12 months ended December 31, 2025. Our press release, MD&A, and financial statements are available on CDAR Plus and on our corporate website at andyandpm.com. Before we begin, I would like to remind listeners that today's discussion will include forward-looking statements. Please refer to our cautionary language in our filing. Joining me on the call today are Alberto Morales, Executive Chairman and CEO, Johan Bouchard, our President, Juan Carlos Sandoval, our Chief Financial Officer, and Dom Kizak, our Vice President of Finance and Corporate Controllers. Following prepared remarks, we will open the line for questions. And with that, I'll now turn the call over to Alberto.

Thank you, Amanda. And good morning, everyone. 2025 marked a step change for Andean, where we deliver focused financial results, record financial results, and fundamentally strengthen our balance sheet. We achieved record revenue. adjusted EBITDA and net income alongside with strong free cash flow generation and exited the year with a record 167 million in liquid assets. This level of cash flow generation fundamentally changes our positioning as a company. We entered 2026 with a strong balance sheet and the financial flexibility to fund growth initiatives and evaluate opportunities to expand our asset base. Operationally, both assets contributed to this performance. At San Bartolome, the operation delivered consistent production and strong margins, supported by efficient processing and strong silver prices. At Golden Queen, production strengthened into the fourth quarter, supporting higher consolidated gold production and contributing to our record financial results. For the year, we maintained a balanced production profile with approximately 57% of revenue coming from silver and 43% from gold. Looking ahead, we expect several important milestones in 2026, including our planned New York Stock Exchange listing and the updated technical report at Golden Queen. 2025 demonstrated the strength of our platform, a business capable of generating meaningful cash flow, maintaining strong margins, and positioning itself for the next phase of growth. With that, I will turn it over to Johan.