Centerra Gold Inc.

Thank you for standing by. This is the conference operator. Welcome to the Sentara Gold second quarter 2026 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 one on your telephone keypad. Should you need assistance during the conference call, you may reach an operator by pressing star then zero. I would like now 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 second 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 Silvestre, 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 second 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 Sentara's website. Following the prepared remarks, we will open the call for questions. Before we begin, I 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 and MD&A issued yesterday. I will now turn the call over to Paul Tamori.

Thank you, Lisa, and good morning, everyone. We delivered another quarter of strong operational execution across the portfolio. Mountain Milligan continued to perform in line with plan, delivering the third consecutive quarter on plan since the PFS was released in September of 2025. Oakswood also delivered a strong first half of 2026, resulting in a 9% increase to its gold production guidance for the year. Both sites generated robust cash flow from operations during the quarter, and we continue to see healthy operating margins, which are supported by disciplined cost management and strong operational execution, even in the lower gold price environment. We increased our 2026 consolidated gold production guidance to 260 to 290,000 ounces, up from the previous range of 250 to 280,000 ounces, and we remain on track to achieve our 2026 copper production guidance of 50 to 60 million pounds. In the second quarter, we completed $50 million in share buybacks and approved up to $200 million in share repurchases for the full year 2026, reinforcing our commitment to shareholder returns. This reflects the strength of our balance sheet, our ability to generate cashflow, and our disciplined approach to capital allocation. We also recently extended and upsized a revolving credit facility to $600 million at Better Pricing, further enhancing our financial flexibility. Slide five illustrates our self-funded organic growth strategy and highlights our portfolio of high-quality assets. Our project portfolio provides multiple opportunities for value creation, all supported by our strong balance sheet and the cash flow generated from our existing operations. We continue to invest in Mount Milligan. Last year's PFS extended the mine life to 2045, and outlined a fully funded growth capital program that supports long-term production and cash flow. The study also includes a planned 10% increase in plant throughput beginning in 2028, and our exploration programs continue to reinforce our belief there's additional upside beyond the current mine plan. At Uxsut, our focus remains on maximizing the value of what has already been a very strong operation. We're advancing work to evaluate opportunities to extend the mine life beyond the current reserve plan while increasing metal recovery from the existing leach pads through improved operation practices and solution management. We expect to update the market on our life of mine optimization study in early 2027 with our year-end disclosures. The Goldfield project is beginning to ramp up and represents our next source of near-term gold production growth. During the quarter, we advanced engineering procurement and early site works. We've also accelerated a number of early site preparation activities and the procurement of key long lead equipment into 2026. While these actions increase our 2026 CapEx program to between 60 and $70 million, they reduce execution risk, secure current pricing and support successful project delivery. The overall project remains unchanged with a capital estimate of $252 million. Looking further out, Chem-S remains a project with the potential to become our second long life gold copper cornerstone asset. Following the positive PEA released in January, our team is focused on advancing engineering and technical work toward a PFS expected in the middle part of 2027. Finally, U.S. MOLLE offers exposure to strategic minerals with the ability to generate robust cash flow to support balance sheet strength and help build our gold-focused projects. Thomson Creek achieved its highest quarterly mining rate since the restart and remains on track for first production in mid-2027. Molybdenum prices are continuing to trend well above the assumptions used in our feasibility study, reinforcing the attractive economics of the project. And together with a continued ramp up at Langelot, we see significant opportunities create value through an integrated U.S. Molybdenum business. Most importantly, our projects are sequenced such that there's limited overlap in capital spending. This allows us to execute our growth strategy while maintaining financial flexibility and continue to return capital to our shareholders. When we look across our portfolio, we see a high-quality asset base, a robust balance sheet, multiple organic growth opportunities across gold, copper, and molybdenum, and substantial exploration upside. We believe this positions the company to deliver meaningful long-term value for shareholders. Our key priorities remain on disciplined execution, advancing our projects, and delivering strong operational performance. I'd now like to provide an update on our sustainability initiatives. In May, we published our 2025 sustainability report, highlighting the progress we've made across our environmental, social, and governance priorities. Responsible mining remains central to how we create long-term value, and we remain committed to strengthening the sustainability practices across our operations. 2025 marked a year of growth across our business, with total greenhouse gas emissions increasing by 15% year over year, primarily due to higher activity levels at Thompson Creek as the project advanced through its restart phase. At the same time, we advanced initiatives to reduce our environmental footprint, including the Renewable Diesel Pilot Project at Mt. Milligan and the use of renewable energy credits at Exit. We also continue to invest in our people and communities, delivering more than 100,000 hours of health and safety training across the company last year. We work to strengthen the local economies where we operate by increasing local procurement spending by 43% year-over-year to $191 million in 2025, expanding our partnerships with Indigenous-owned businesses in British Columbia, and investing $3.1 million in community programs and donations. Together, these achievements reflect our ongoing commitment to responsible mining and reinforce our belief that strong sustainability performance supports the long-term success of our business and creates lasting value for our communities and for our shareholders. Before I hand it over to Mike, I'd like to welcome Kelly Strong, who will be joining Sentera as our new Executive Vice President and Chief Operating Officer in mid-August. Kelly is a seasoned mining executive and we look forward to the experience and leadership he will bring to our operations as we continue executing on our operational strategy and advancing our pipeline. I'd also like to thank Mike for his leadership and steady guidance as Interim Chief Operating Officer over the past several months. Mike has played an important role in maintaining our operational momentum, and we appreciate his continued support as we transition to our new COO. With that, Mike, I'll pass the call over to you to talk through our operation performance.