Aris Mining Corporation

Good morning, everyone. Apologies for the delay. Welcome to the ARES Mining Third Quarter 2025 Results Call. We will begin with an overview from management, followed by a question and answer period. To join the question queue, you may press star then 1 on your telephone keypad. As a reminder, all participants are in listen-only mode and the conference is being recorded. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. Please note that the accompanying presentation that management will refer to during today's call can be found in the events and presentation section of Ares Mining's website at ares-mining.com. Also, Ares Mining's third quarter 2025 financials have been filed on CDAR Plus and EDGAR and can also be found on their website. I would now like to turn the conference over to Mr. Neil Whittier, Chief Executive Officer. Please go ahead.

Thank you, operator, and welcome, everyone. Thank you for joining us for our third quarter 2025 earnings call. I'm joined today by members of the management team, including Richard Thomas, Cam Patterson, Oliver Daschle, Alejandro Hermáez, and we'll be able to answer your questions at the end of the call. Before we begin, please state no to the disclaimers on slide two, as we will be making forward-looking statements throughout today's presentation. Now, starting on slide three, following the strong first half year's performance, I'm delighted to report that we have delivered an excellent third quarter. Gold production in Q3 totalled 73,236 ounces, a 25% increase over Q2. Segovia has been ramping up production in line with the expectations following the commission of the second ball mill in June, while Mammato has maintained its solid production levels. This brings our total production for the nine months of 25 to 187,000 ounces. So we're tracking about the midpoint of a full year production guidance of 230 to 270,000 ounces. Against the backdrop of rising gold prices, our strong operational performance has driven record financial performance in the third quarter, putting us in a strong position to fund our growth plans. Gold revenue totaled 253 million in Q3, 27% over Q2. Adjusted EBITDA was 131 million for Q3 and more than 350 million on a trailing 12-month basis. And we ended the third quarter with a cash balance of 418 million. Meanwhile, the construction of the Mato Bulk Mining Zone continues to advance. with first gold poor expected in the second half of 2026. Last week, we published two major technical studies. First, a pre-feasibility study for Sote Norte in September, confirming it as one of the most attractive gold projects in the Americas. And second, a primary economic assessment for Toro, Peru, which outlines a long life low-cost open-pit gold project with strong financial returns. A strategy from here is therefore straightforward. We'll advance Toro Peru to a pre-feasibility study over the next 10 months or so. And then we will plan to start construction. In parallel, we're advancing the permitting process for Sote Norte. Together, these projects demonstrate the depth of our growth pipeline beyond Segoga and Mamato. and position Aris Mining to become a very significant gold producer. Before I hand over, I'd like to share a quick update from our meetings in Guyana last week, where I presented the results of the Toro Peru PEA study to Guyana's Minister of Natural Resources and the Minister of Finance. The meeting gave the project strong support and I have confidence that Toro Peru can become one of the next major gold mines in Guyana. We're focused on making this happen. With that, I'll pass over to Cam for an update on our financial performance.

Thank you, Neil. Turning to slide four, Aris Mining reported strong financial results in the third quarter, driven by increased production volumes and a strong gold price environment. As Neil mentioned, this quarter we generated record revenue of $253 million. and record adjusted EBITDA of 131 million, which drove record adjusted net earnings of 72 million or 36 cents per share. We closed the quarter with cash of 418 million. up from the $310 million held at Q2. This increase reflects $91 million of cash flow after sustaining capital income taxes, $60 million of proceeds from the exercise of warrants, 99% of which got exercised before they expired in July, and $13 million of proceeds from closing the sale of the Juby Gold project on September 29th, partially offset by $48 million we invested in growth capital. Moving on to slide five. Our ASIC margin increased by 36% compared to Q2, reflecting increased production with the successful commissioning of the second mill at Segovia, higher realized gold prices, and continued cost controls. Taxes paid totaled $13 million in the quarter, compared to $42 million in Q2. Taxes paid in Q2 were substantially higher as a result of the settlement of our 2024 Columbia Income Tax Liability. In Q3, we generated $43 million in free cash flow from operations after expansion capital. That's after investing $48 million in our growth projects, including $31 million at Murmato, which includes $23 million related to the construction of the bulk mining zone, $10 million at Segovia spent on underground exploration and development, completion activities for the mill installation that followed its June commissioning, as well as ongoing work on the tail end storage facility, and $7 million invested at Toro Poru and Sotonorte, which included the technical studies mentioned by Neil earlier. Financing activities, driven mainly by the warrant exercises I alluded to earlier, resulted in cash inflows of $65 million in the quarter, which together with free cash flow from operations, resulted in a net increase to our cash position of $108 million in Q3. With a continued strong gold price environment and solid operational performance, Aris Mining remains well positioned to deliver robust cash flows to organically fund growth initiatives. I'd like to now hand the call over to Richard to discuss our operational results and growth projects.