Aris Mining Corporation

Good morning everyone and welcome to the ARIES Mining first quarter 2026 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 one on your telephone keypad. You'll hear a tone acknowledging your request. 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 reach 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 presentations section of the Ares Mining website at ares-mining.com. First quarter 2026 financial reports for Ares Mining 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 Woodyer, Chief Executive Officer. Please go ahead.

Thank you, Operator, and welcome to our Q1 of 2026 earnings call. Joining me today are Doug, Oliver, Cam, Dustin, Corneille, and Alejandra. But before we begin, please note the disclaimer on slide two. Moving to slide three, Aris Mining delivered a solid start to 2026, supported by higher production, a stronger realized gold price, and continued progress across our growth portfolio. Gold production totaled 74,000 ounces. Gold revenue of 364 million, up 20% from Q4. Adjusted EBITDA of 212 million, up 25%. and adjusted net earnings of 124 million or 60 cents per share, up from 46 cents per share in Q4. Our operations generated cash flow that funded our growth and expansion projects during the quarter, while generating $42 million of free cash flow. Moving across our portfolio, we continue to advance each of our four assets. At Segovia, the ramp-up of the expanded mill is progressing well. The focus remains on increasing owner mining rates and developing our CMP business to support the new 3,000 tonne per day processing facility. At Mamato, construction of the new 5,000 tonne per day CIP plant remains on schedule for first gold production in Q4 of this year. In April, we connected the decline to the crosscut, making an important milestone and providing direct underground access between the bulk mining zone and the new CIP plant infrastructure. Toro, Peru. The pre-feasibility study is progressing well and remains on schedule for completion in the second half of 2026, so we can make a construction decision in early 2027. Updated mineral resource and reserve estimates are advancing to support the mine schedule optimizations. Select pre-construction activities continue during the quarter, including the construction of the bridge at the Prunai River crossing, key personnel ramp-up, camp expansion, and ongoing roadworks. At Sote Norte, the environmental license application is nearing completion and it's on track for submission in the second quarter. And we continue to actively engage with the Columbia regulators to support a collaborative approach to the submission and review process. With our producing assets delivering strong results and our growth projects continuing to advance, Aris Mining is well positioned to achieve its longer-term objective of approximately a million ounces of annual gold production from the assets we currently own. And with that, I'd like to hand over to Cam to review our financial performance.

Thanks, Neil. Turning to slide four. The key message from the financial results this quarter is the continued strengthening of our business. We're seeing the benefit of higher production volumes, strong realized gold prices, and disciplined cost management flowing through the income statement and into the balance sheet. The charts on this slide show the following progression over the past five quarters. Gold ounces sold, revenue, adjusted EBITDA, and adjusted earnings per share have all moved meaningfully higher, and importantly, the improvement has been consistent across our financial metrics. Please turn to slide five for a discussion of the key cash flow drivers. We entered the first quarter with a cash balance of $472 million, up $80 million from the $392 million at the end of 2025. reflecting $103 million of operating free cash flow after sustaining capital and taxes paid, which despite an additional $44 million from increased cash mine operating earnings, was $22 million lower than it was in Q4 due to working capital movements and share-based incentive settlements. The $61 million invested in growth and expansion capital comprised mainly of the $47 million spent at Marmato, as well as a $40 million installment received under Marmato's precious metals stream following the achievement of the 50% construction capital expenditures milestone. In Q1 2026, just as in full year 2025, we generated free cash flow while investing significantly in organic growth, which contributed to the steady growth of our cash balance over the year. The only exception being the temporary decline of our cash balance in Q4 of last year, which reflected the $60 million cash consideration paid for our acquisition of the remaining 49% interest in Soto Norte. It's also notable that our net debt was reduced to $1.6 million, down from the $86 million at year end due to our increasing cash balance. I'd like to now hand the call over to Dustin to discuss our operational results.