Centerra Gold Inc.

Greetings and welcome to the third quarter 2022 results conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the 1 followed by the 4 on your telephone. If at any time during the conference you need to reach an operator, please press star 0. As a reminder, this conference is being recorded Monday, November 7th, 2022. I would now like to turn the conference over to Toby Caron, Treasurer and Director of Investor Relations. Please go ahead.

Thank you, Operator. Welcome to Sentara Gold's third quarter 2022 results conference call. Please note that presentation slides are available on Sentara Gold's website to accompany each speaker's remarks. Today's call is open to all members of the investment community and media in listen-only mode. Following the formal remarks, the operator will give the instructions for asking a question, and then we'll open the line to questions. Please note that all figures are in U.S. dollars unless otherwise noted. Joining me on the call today are Paul Wright, Interim President and Chief Executive Officer, Paul Sharum, Chief Operating Officer, and Darren Millman, Chief Financial Officer. I would like to caution everyone that certain statements made today are forward-looking statements, and as such, are subject to known and unknown risks, which may cause our actual results to differ from those expressed or implied. Also, certain of the measures we will discuss today are non-GAAP measures. Please refer to the description of non-GAAP measures in our news release and MD&A issued this morning. For a more detailed discussion on the material assumptions, risks, and uncertainties, please refer to our news release and MD&A along with the unaudited financial statements and notes and all of our other filings, which can be found on CDAR, EDGAR, and on the company's website at SinterraGold.com. And now I'll turn the call over to Paul.

Thank you, Toby. Good morning and welcome to our third quarter conference call. Prior to commencing with our presentation, I wish to make a few brief comments regarding my time to date in this interim role. My priority over the last 60 days has been to get out to our business units to better understand the people, the physical assets, the challenges and opportunities. I'm pleased to report that the company now has highly competent, dedicated professionals running our operations. I'm very optimistic for the future of the company. I have and will continue to engage our shareholders as it relates to their opinions and concerns and work to ensure that there is clarity in terms of our strategy for the company going forward. Finally, the search for a permanent CEO is underway with an executive search firm retained and now active on the file. Moving on to the presentation, I will, in three slides, briefly cover our short-term strategy and the corporate and ESG highlights. So turning to slide four on the deck, top of the list, predictably, is returning Okta to normal operations. through the completion of the modifications to the agent and obtaining all regulatory approvals for the restart. This is closely followed by continual optimization of operations at the Mount Milligan mine and extensive mine site exploration. The recently completed LOM plan provides a stable platform for further enhancement led by Paul Schoen and his team. The Goldfields project in Nevada purchased earlier in 2022 is being advanced with an initial resource estimate incorporating ongoing drilling scheduled for mid 2023 with a feasibility study to follow. Finally, in light of improving molybdenum prices, we are updating our view on the molybdenum business unit, including the possibility of a restart of the company's 100% owned Thompson Creek mine. Turning to slide five, In August of this year, we suspended leaching operations whilst continuing with mining, crushing, and stacking activities at our Oxford mine. Prior to the cessation or the temporary cessation of leaching in the quarter, we had added approximately 40,000 ounces to the gold and carbon inventory. Application for the Environmental Impact Assessment, EIA, was made at the end of August 2002. Progress in advancing the EIA remains in accordance with plan with the public meeting conducted and completed November 1st. We expect the completed submission by year end. Mercury abatement addition to the ADR plant remain on schedule with completion by year end and anticipated final costs of approximately $5 million. The resumption of active leaching and reactivation of the modified ADR plant is planned to follow shortly thereafter. That's thereafter the approval of the expansion EIA. In early October, Sunterra announced details from new life of mine plan for the Mount Milligan mine, which Paul will highlight later in the presentation, and the full technical report will be released today. In early October, we also announced a non-course issuer bid, NCIB program, to purchase for cancellation up to 15.6 million shares, that's 7% of Sunterra's total issued and outstanding common shares. We plan to commence utilizing the NCIB to purchase shares before year end and have established an automatic purchase program for periods for which management is under blackout. I'm pleased to report that the Goldfield project advancement continues in the third quarter. The resource expansion and infill drill program is targeting over 65,000 meters of diamond drilling and reverse circulation drilling. As previously mentioned, our plan is to issue an initial resource estimate for the project in mid 2023 for the feasibility study around year end. In addition to my appointment, we also appointed Paul Schoelland, as the company's new chief operating officer in the third quarter, and he officially started with us in September. At the Q2 meeting, the board granted a quarterly dividend of $0.07 Canadian per share, and this is the 12th straight quarterly dividend. Turning to slide six, there's a number of ESG updates on the slide. I won't go through them all. but I will note that we published our 2021 ESG report in the third quarter. Additionally, in the third quarter, the company continued to demonstrate that safety remains Sentera's top priority, achieving 1 million hours milestone without a lost time injury at the opposite mine. I will now pass the baton over to Paul Shoran to walk through Sentera's operational highlights for the third quarter. Over to you, Paul.