Capstone Copper Corp.

afternoon and welcome to Capstone's Coppers Q3 2025 results conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, October 30th, 2025. I would now like to turn the conference over to Daniel Semperi. Please go ahead.

Thank you, Operator, and thank you, everyone, for joining us today to discuss our third quarter results. Please note that the news release and regulatory filings are available on our website and on CDAR+. If you are logged into the webcast, we will advance the slides of today's presentation, which are also available in the Investors section of our website. I am joined today by our President and CEO, Kashil Mar, our SVP and Chief Operating Officer, Jim Whitaker, and our SVP and Chief Financial Officer, Raman Randhawa. During the Q&A session at the end of the call, we will also be joined by our SVP Risk, ESG, and General Counsel, Wendy King, and our Head of Technical Services, Peter Amelungsen, who are available for questions. Please note that comments made today on the call will contain forward-looking information within the meaning of applicable securities laws. This information, by its nature, is subject to risks and uncertainties, and actual results may differ materially from the views expressed today. For further information, please see Capstone's most recent filings, which are available on our website at www.capstonecopper.com. And finally, I'll just note that all amounts we will discuss today are in U.S. dollars, unless otherwise specified. It is now my pleasure to turn the call over to our President and CEO, Cashel Marr.

Thank you, Daniel, and hello to all of you dialing in from the Americas, Europe, Australia, and around the globe. Today, we are pleased to present our third quarter 2025 results and achievements. Q3 was marked by several key catalysts on our path towards transformational growth. This included sanctioning and beginning construction on our Mentaverde optimized project, which will deliver near-term production growth at our flagship asset through a capital-efficient brownfield expansion. This also included announcing a minority joint venture agreement with Orion Resources Partners at our Santo Domingo project, representing a major milestone towards unlocking the value of the Manto Verde, Santo Domingo district. At the same time, we continued to strengthen our pipeline through exploration and support of our commitment to building a world class long life copper district in the Atacama. We achieved encouraging results from phase one of a two-year drill program at Manto Verde and announced a new exploration program at Santa Domingo and Sierra Norte. While we increased production to meet the growing global demand for copper, we remain committed to doing so responsibly. Earlier this month, we were pleased to publish our 2024 sustainability report, which demonstrated steady progress on our sustainable development strategy. We also received the Coppermark Award at our Pinto Valley site in recognition of responsible production practices in one of the oldest mining districts in the United States. As we execute our strategy in a responsible and safe manner, we continue to focus on operational excellence at our existing operations as highlighted on slide five. In Q3, our operations delivered consolidated copper production of 55.3 thousand tonnies at a consolidated C1 cash cost of $2.42 per pound. This is the third quarter in a row that our team has delivered lower cash costs, especially during times of strong commodity prices. Cost control across the business ensures that margins are protected and incremental value is returned to our shareholders. Our Monteverde site experienced higher than normal downtime this quarter, primarily due to motor failures in the ball mill, in addition to five days of planned maintenance. Our team worked collaboratively with third-party experts to return Monteverde to full operating rates sooner than initially anticipated and continues to advance a remediation strategy to mitigate the potential for future impacts. The lower throughput during the quarter was partially offset by record recoveries as we continue to progress towards design levels. We look forward to demonstrating the full potential of Mento Verde over the remainder of 2025 and into 2026 as we enhance the consistency of operation, execute on Mento Verde Optimize, and progress our exploration strategy. At Mentos Blancos, we achieved another quarter of strong production and cash costs despite slightly lower throughput due to maintenance completed during the quarter. Arizona continued to experience severe drought conditions in Q3, which resulted in constrained throughput at our Pinto Valley mine. In the near term, we are focused on the implementation of our asset management framework to achieve stable operations at Pinto Valley. Longer term, we remain committed to unlocking the significant value of Pinto Valley, an asset strategically positioned in the United States with over a billion tonnes of resources. At Cozumel, we saw another steady quarter with strong production and low unit costs. Based on our operating performance over the first three quarters, we have reiterated our production and cost guidance. We expect total copper production to finish within the lower half of the range and cash costs to finish within the upper half of the range for 2025. We are positioned well for a strong finish to the year. Amid strong commodity markets, we look forward to demonstrating reliable copper production, lower costs, and strong cash flow generation while continuing to advance our production growth opportunities in preparation for a strong 2026. And with that, I'll pass over to Raman for our financial results.