Aris Mining Corporation

Good morning, everyone, and welcome to the ARIS Mining Full Year 2024 Results Call. We will begin with an overview for management, followed by a question and answer period. To join the question queue, you may press star then one on your telephone keypad. As a reminder, all participants are in listen-only mode, and the conference is being recorded. If you need assistance during the conference call, you may signal an operator by pressing star then zero. Please note that the accompanying presentation the management will refer to during today's call can be found in the events and presentation section of Eris Mining's website at erismining.com. Eris Mining has filed financial reports for the fourth quarter and full year 2024 on Cedar Plus and EDGAR. These reports can also be found on the Eris Mining website. I would now like to turn the conference over to Mr. Neil Woodyer, Chief Executive Officer. Please go ahead.

Thank you, operator, and welcome, everyone. Thank you for joining us for our full year 24 earnings call. Today, I'm joined by members of the management team, including Richard Thomas, Richard Orizetti and Oliver Detson. We look forward to addressing your questions at the end of this call. But before we dive into the results, please note the cautionary statements on slide two, as we'll be making several forward looking statements today. Starting on slide three, I'm pleased to report that Q4 was a strong quarter, delivering our highest production for the year of 57,364 ounces. We generated 22 million of net income and 67 million of EBITDA in the fourth quarter. At Segovia, we reduced all the staining costs to 1485, and achieved an organ sustaining margin of 58 million, which is a 32% increase over Q3. We remain on track to commission the expanding processing facility at Segovia in the second quarter of this year. Following that, a gradual ramp up from 2,000 tonnes per day to 3,000 tonnes per day throughout the remainder of the year. This year, Segovia is targeting annual production 210,000 to 250,000 ounces and in the range of 300,000 ounces from 2026 onwards. We've also been exploring opportunities to scale up Marmato's current expansion into a higher capacity operation by way of upgrading the carbon and pulp processing facility by 25% to 5,000 tonnes per day. We're also looking at expanding our CMP business model at the upper mine flotation processing facility. Together, these upgrades and expansions are expected to increase Mamato's annual production potential to more than 200,000 ounces. But Richard Thomas will be giving more information about that later on in the presentation. Growing cash flow generation and refinancing of our senior notes in October last year contributed to a year-end cash balance of 253 million. We're well positioned and funded to deliver on our growth strategy. We expect to achieve an annual gold production rate of more than 500,000 ounces once our expansions and operations are fully wrapped up to name plate capacities. With that, I'll now hand you over to Richard, our COO. Thank you, Neil.

Moving on to slide four. For the full year, we produced 211,000 ounces from our mines, with 188,000 ounces of gold from Segovia and 23,000 ounces of gold from the Ramada upper mine. As Neil mentioned, quarter four was our standout quarter, delivering our highest gold production of the year at 57,364 ounces. At Segovia, a modest increase in throughput in quarter four, combined with a 7% rise in average gold grade processed at Segovia, 9.484 grams a tonne, resulting in a gold production of 51,477 ounces, an 8% increase compared to the Q3 results. Despite an 8% higher realized gold cost, all its standing costs reduced by 4% to $1,485 per ounce compared to Q3. Owner mining all its standing costs improved to $1,386 per ounce in Q4, from the 1451 balancing quarter fee, while contract mining partner Segnant generated the highest quarterly, all expanding cost sales, margin of 59%. With that, I'll pass on to Richard Orenzetti to cover our financial results and then provide an update on our growth projects. Thank you, Richard.