Centerra Gold Inc.

Good morning, everyone. Thank you for standing by. This is the conference operator. Welcome to the Sentara Gold second quarter 2024 conference call. As a reminder, all participants are in a listen-only mode. 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 and one on the telephone keypad. If you need assistance during the conference call, you may signal an operator by pressing star, then zero. At this time, I'd like to turn the conference call 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 second 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 yesterday details our second quarter 2024 results. It should be read in conjunction with our MD&A and financial statements, both of which can be found on Cedar Edgar and our website. All figures are in US 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 on MD&A issued yesterday. I will now turn the call over to Paul Tamori.

Thanks, Lisa, and good morning, everyone. We delivered another quarter of solid operating performance and maintained consistent quarter-over-quarter cash flow from operations before working capital and income taxes paid. Our year-to-date production costs are in line with our guidance ranges, and full year 2024 consolidated guidance for production costs and CAPEX is unchanged. In the first half of the year, we've made good progress to execute on our strategic plan, focused on maximizing the value of each asset in our portfolio. Earlier this year, we announced an additional agreement with Royal Gold, which allows us to assess Mt. Milligan's potential to be a multi-decade operation. This was a first key step in our strategy to realize the full potential of this cornerstone asset located in a top tier mining jurisdiction. We continue to progress work on the preliminary economic assessment to update the larger resource to include all the drilling completed to date, to identify value-added initiatives to the plant, and to optimize the mine plan. We expect to complete the study in the first half of 2025. Also at Mount Milligan, we have continued our progress on the site-wide optimization program that was initially launched last year, and Paul Charron will speak to this later in the call. We remain focused on maximizing the value of our molybdenum business unit assets, which are comprised of the Thompson Creek Mine, the Indaco Mine, and the Langloff Metallurgical Facility. In the second quarter, we advanced our permitting work at Thompson Creek. With strong collaboration and proactive support from our regulatory partners, we successfully obtained authorizations for additional lands at Thompson Creek Mine, which will enable a proposed pit highwall layback. This is an important deliverable in the overall permitting process. and provides for a long runway of mining activities under the current plan. We remain on track to release the Thompson Creek FS study later this year, at which time we also expect to outline our commercial optimization plan for Langelot. We're encouraged by the value opportunity in Langelot and the expected synergies with the Thompson Creek mine. With respect to our pipeline of growth projects, we continue to progress work at the Goldfield property in Nevada. Our focus this year has been on exploration on the large land package looking for more oxide material, as well as metallurgical test work to support a lower capital flow sheet to maximize returns on the project. We expect to release an initial resource at Goldfield by the end of the year. Finally, I'd like to provide an update on our ESG initiatives. In line with our commitment to sustainable and responsible mining practices, we recently published our 2023 annual ESG report. We've made meaningful progress in our sustainability journey over the past year, marked by significant achievements across the organization, including the following. Throughout 2023 and this year, efforts have been made to identify potential efficiencies in greenhouse gas reduction opportunities at the site level with a goal of establishing attainable targets. Second, the number of reportable incidents decreased by 17%. Thirdly, we contributed over $3.2 million to community investments and donations across our operations. And finally, We achieved the 2026 gender diversity goal two years ahead of schedule with 38% female representation on the board of directors and 33% among officers of the company. As we look ahead, we're dedicated to continuing our efforts to drive sustainable value and positive impact. And with that, I'll pass the call over to Paul. We'll walk through our operational performance for the quarter.