Centerra Gold Inc.

Thank you for standing by. This is the conference operator. Welcome to the Sentara Gold first quarter 2026 conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there'll be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. You'll hear a tone acknowledging your request. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Lisa Wilkinson, Vice President, Investor Relations and Corporate Communications with Sentara. Please go ahead.

Thank you, operator, and good morning, everyone. Welcome to Sentara Gold's first quarter 2026 results conference call. Joining me on the call today are Paul Tamori, President and Chief Executive Officer, Ryan Snyder, Chief Financial Officer, and Mike Silvest, our Interim Chief Operating Officer. Other members of the executive team are available for the Q&A session. Our news published last night outlines our first quarter 2026 results and is complemented by our MD&A and financial statements, which are available on CDAR, EDGAR, and our website. All figures are in US dollars unless otherwise noted. Presentation slides accompanying this webcast are available on Sunterra's website. Following the prepared remarks, we will open the call for questions. Before we begin, we would like to remind everyone that today's discussion may include forward-looking statements which are subject to risks that could cause our actual results to differ from those expressed or implied. For more information, please refer to the cautionary statements in our presentation and the risk factors outlined in our annual information form. We will also be referring to certain non-GAAP measures during today's discussion. For a detailed description of these measures, please see our news release on MD&A issued yesterday. I will now turn the call over to Paul Tamori.

Thank you, Lisa, and good morning, everyone. We achieved a very strong start to the year with production performing in line with our plan across operations. Consolidated first quarter production of 68,000 ounces of gold and 14.2 million pounds of copper. Mount Milligan delivered results consistent with their recently published PFS and full-year guidance, while Oaks Duke delivered a strong quarter, driven by higher grades, supporting robust free cash flow generation across both sites. Our financial position strengthened this quarter, with our cash balance increasing to $543 million. This was achieved while we continued to invest in our internal growth pipeline, built working capital at Langelof, and returned $33 million to shareholders through share buybacks and dividends in the quarter. We remain focused on leveraging the strength of our balance sheet and our cash flow generation to advance a disciplined, self-funded growth strategy. In January, we announced the results of a PEA for ChemS, highlighting the long-term potential of the project, which remains a cornerstone of our future growth pipeline. We also continue to progress key initiatives across our portfolio, including delivering on the Mount Milligan PFS and ongoing development work at Thomson Creek, which is expected to achieve first production in mid-2027. Work on the life of mine optimization study at Duke-Suite continues to progress. We are evaluating the incremental production potential of residual leaching of the heap and the inclusion of low-grade oxide mineralization outside of the current reserve pit into the mine plan. This study remains on track for completion by the end of 2026. Goldfield development activities are advancing well, with field campaigns and supportive engineering now complete. Detailed engineering, procurement of long lead time items, and mobilization activities for 2026 early works are progressing as planned. First production at Goldfield remains on track for late 2028. Together, these growth projects position Sentara to deliver sustainable value for shareholders over the long term. In January, we released an updated mineral resource and preliminary economic assessment for KEMES. The study outlined a de-risk restart plan which leverages substantial existing infrastructure and focuses on an integrated open pit and underground mining operation. The PEA highlights an initial 15-year mine life with meaningful gold and copper production of 171,000 ounces and 61 million pounds, respectively, at an all-in sustaining cost on a by-product basis. of $971 per ounce. TEMES is supported by robust economics with an after-tax NPV of $2.8 billion and a 29% IRR at prices of 4,500 per ounce of gold and $6 per pound of copper. The capital profile takes a phased approach with approximately $770 million in initial non-sustainable capital to support open pit development followed by $277 million in expansionary non-sustaining capital over the two years following open pit startup to support the commencement of underground operations. Most importantly, the PEA only evaluates 47% of the overall resource tons, highlighting the potential for additional resources to be incorporated into future technical studies and the project's overall scale and long-term production profiles. Overall, CAMAS represents a high-quality, compelling, and large-scale growth opportunity for Sentara. We've advanced technical work on a pre-feasibility study, which is expected in 2027. Now I'd like to provide an update on our sustainability initiatives. We continue to make progress on our environmental and permitting activities across the portfolio. During the first quarter, Goldfield reached an important milestone with the receipt of its water rights transfers supporting the advancement of the project towards operations. We remain focused on advancing the remaining permits at Goldfield, and we continue to engage constructively with regulators and with the community. We remain confident in the overall permitting process for the project. Our commitment to strong social performance also remains a key focus. At Goldfield, our team hosted two Joshua Tree donation events during the quarter, engaging local communities and supporting the responsible relocation of 340 trees, including 260 for personal use and 80 replanted around the perimeter of our property. At Uxut, our social programs continue to support education, youth development, and broader community initiatives, including a sport and academic program launched this quarter that is expected to reach approximately 14,000 local students over the year. We continue to advance our commitment to responsible mining practices and transparent reporting. Our team is actively working on the 2025 Sustainability Report, which will highlight our progress across key environmental, social, and governance initiatives. We look forward to publishing the report in May and sharing the steps we are taking to create long-term value for our stakeholders. Before we move into our operating highlights, I would like to welcome Mike Silvest as our new Interim Chief Operating Officer, who joined us at the end of March. We've initiated a search for a permanent CEO, and in the interim, Mike brings a wealth of operational experience and technical expertise to the role. His leadership will be instrumental in supporting our operations and advancing our key priorities as we remain focused on safe and reliable performance across the business. I look forward to working closely with Mike and benefiting from his expertise and his leadership. And with that, I'll pass the call over to Ryan to walk through our operating and financial highlights.