5/15/2023

speaker
Operator
Conference Call Operator

Greetings and welcome to the Q1 2023 results conference call. During the presentation, our participants will be in a listen-only mode. Afterwards, we'll conduct a question and answer session. At that time, if you have a question, please press the 1 by the 4 on your telephone. If at any time the conference needs to reach an operator, you may press the start, followed by the 0. As a reminder, today's call is being recorded Monday, May 15, 2023. I would now like to turn the conference over now to Toby Caron, Treasurer and Director of Investor Relations. Please go right ahead.

speaker
Toby Caron
Treasurer and Director of Investor Relations

Thank you, Operator. Welcome to Sentara Gold's first quarter 2023 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 in media and listen-only mode. Following the formal remarks, the operator will give the instructions for asking a question. and then we'll open the phone line to questions. Please note that all figures are in U.S. dollars unless otherwise noted. Joining me on the call today are Michael Parrott, Chair of the Board of Directors, Paul Tamori, President and Chief Executive Officer, Paul Wright, Director and former Interim President and Chief Executive Officer, and Darren Millman, Chief Financial Officer. Our Chief Operating Officer, Paul Charron, is traveling and unable to attend. I would like to caution everyone that certain statements made today may be 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 of 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 Cedar, Edgar, and on the company's website at SinterraGold.com. And now I'll turn the call over to Mike.

speaker
Michael Parrott
Chair of the Board of Directors

Thank you, Toby, and good morning, everyone, and thanks for joining our call this morning. My purpose here today is twofold. First, on behalf of the board and all shareholders, I'd like to express our appreciation to Paul Wright for his leadership of Sinterra, as the interim president and CEO over the past eight months. As you know, Paul was appointed to the position in September of last year, and since then, he's been extremely busy. Under Paul's leadership at the Oxit mine, we completed the construction of the retrofit of the ADR plant. We've obtained several important outstanding permits. We filed a new environmental impact assessment, and we've advanced materially towards its restart of operations. At the Mount Milligan mine during his tenure, we completed a new life of mine plan, which extended the life of Mount Milligan by four years until 2033. From a business perspective, Paul streamlined the corporate organization. He's actively been engaged communicating with our shareholders, the approach to our near-term challenges, and outlining the strategy of growth as we move forward. During this time, we also implemented a normal course issuer bid, which has provided us with a second option for returning cash to shareholders. And Paul also has provided great insight and assistance to our new CEO while he goes through his onboarding process. Paul has now returned to his role as independent director of Sentera, and shareholders will continue to benefit from his experience, insight, and input at the board. My second important duty this morning is to welcome Paul Tamore as Sentera's new president and CEO. Paul started with Sentera on May 1st of this year. Many of you already know him, but for those who do not, he brings over 25 years of experience in mining, engineering, construction, and corporate development. With his extensive technical background and proficiency, we are confident that Paul Tamore is the right leader for the company. This is an important stage for Sentera and its journey as a company, and we are delighted to have Paul join us at this time. Welcome, Paul, and with that, I'll turn the call over to you.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Q1CG 2023

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