Centerra Gold Inc.

Thank you for standing by. This is the conference operator. Welcome to the Centera Gold first quarter 2024 conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then 0. I would now like to turn the conference over to Lisa Wilkinson, Vice President, Investor Relations and Corporate Communications with Sentara Gold. Please go ahead.

Thank you, Operator, and good morning, everyone. Welcome to Sentara Gold's first quarter 2024 results conference call. Joining me on the call today are Paul Tamori, President and Chief Executive Officer, Paul Charan, Chief Operating Officer, and Ryan Snyder, Chief Financial Officer. Our release this morning details our first quarter 2024 results. It should be read in conjunction with our MD&A and financial statements, both of which can be found on CDAR, EDGAR, and on our website. All figures are in U.S. dollars unless otherwise noted. Presentation slides accompanying this webcast are available on Sentara's website. Following the prepared remarks, we will open the call for questions. Before we begin, I would like to caution everyone that certain statements made today may be forward-looking and are subject to risks which may cause our actual results to differ from those expressed or implied. Please refer to the cautionary statements included in the presentation as well as the risk factors set out in our annual information form. Certain measures we will discuss are non-GAAP measures. Please refer to the description of non-GAAP measures in our news release and MD&A issued this morning. I will now turn the call over to Paul Tamori.

Thank you, Lisa, and good morning, everyone. We delivered another strong quarter of operating performance, and we're on track to deliver our full-year guidance. We continue to generate significant free cash flow, and our cash balance increased by $35 million to end the quarter at $648 million. We remain on track to meet our guidance in 2024, and at Milligan, we continue to advance the site-wide optimization program, implementing tangible improvements in all areas of our operations. At Exit, as previously disclosed, we expect to have elevated production in the first half of the year. Paul Schauer will speak to our operations in more detail later in the call. Last year, we published our strategic plan that was focused on maximizing the value for each asset in our portfolio. Since then, we have worked diligently to execute on that plan. Specifically, in the first quarter, we announced an additional agreement with Royal Gold, which allows us to assess Mount Milligan's potential to be a multi-decade operation. This was a key first step in our strategy to realize the full potential of this cornerstone asset in the top-tier mining jurisdiction. At Exit, since the mine restarted full operation in June of 2023, we have generated three quarters of very strong free cash flow as we work through the elevated levels of inventory. The mine remains a strategic asset in our portfolio, and we believe that it will continue to generate positive free cash flow through its remaining mine life. We are focused on maximizing the value of our Malibu and business unit assets, comprised of the Thompson Creek and Indaco mines and the Langoloth metallurgical facility. Concurrent with assessing all strategic options for these assets, we recently completed a commercial optimization plan at Langoloth geared at increasing profitability and evaluating its future potential. We are encouraged by the value opportunity at Langelot, and we intend to provide additional details in conjunction with the Thompson Creek Mine Feasibility Study, which we intend to release later this summer. Finally, I'd like to provide an update on our ESG initiatives. As we advance our climate and nature strategy, our focus has now shifted to conducting site level investigations to understand, at a high level, or material exposures to climate and nature risks and opportunities. We will use this information to support strategic decision-making to identify feasible emission reduction pathways and initiatives. Meanwhile, we continue to maintain our commitment to our local communities by actively engaging in various partnerships, collaborations, and community-driven projects. This dedication is reflected in the positive impact observed in particular at the Ericsson where approximately 5,000 students and young athletes benefited from the diverse sporting collaborations facilitated by our site team. These notable initiatives were implemented in cooperation with the local government and to support youth in sports. With that, I'll pass the call over to Paul Charron to discuss our operational performance.