Eldorado Gold Corporation

Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold Corporation third quarter 2020 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 and zero. I would now like to turn the conference over to Peter Lekic, Manager, Investor Relations. Please go ahead, Mr. Lekic.

Thank you, operator, and thank you, ladies and gentlemen, for taking the time to dial into our conference call today. On the line today are George Burns, President and CEO, Phil Yee, Executive Vice President and CFO, Joe Dick, Executive Vice President and COO, and Jason Cho, Executive Vice President and Chief Strategy Officer. Our release yesterday details our 2020 third quarter financial and operating results. This should be read in conjunction with our third quarter financial statements and management's discussion and analysis, both of which are available on our website. They have also been filed on CDAR and EDGAR. All dollar figures discussed today are in U.S. dollars unless otherwise stated. We will be speaking to the slides that accompany this webcast you can download a copy of these slides from our website. Before we begin, I would like to remind you that any projections included in our discussion today are likely to involve risks, which are detailed in our 2019 AIF and in the cautionary note on slide one. I will now turn the call over to George.

Thanks, Peter, and good morning, everyone. Before I get started, I'd like to give you a brief update on the earthquake that hit western Turkey just a few hours ago. Our operations are unimpacted at this point and our employees at the sites are safe. Early indications there's been some significant damage to buildings in the Turkish province of Izmir and so we'll continue to monitor the situation. Here's the outline for today's call. I'll give an overview of Q3 along with some comments. Then I'll pass it to Phil to go through the financials. Joe will follow by reviewing operational performance, and then we'll open it up for questions. I'm excited to be reporting another outstanding quarter. We delivered across all metrics, both operationally and financially. Production increased by 35% year over year, and we had another significant quarter of free cash flow. I'm also pleased to report we completed $58.6 million in debt reduction announced in Q2, And our balance sheet is in great shape, with over $500 million in cash and equivalents. We continue to make progress in delivering value for our shareholders across our portfolio. Joe will speak more to Kistadog, including HPGR and Lamarck, so I won't get into detail here. But I want to highlight a few key developments in Greece during the quarter that demonstrate the progress of ongoing engagement with the government. We see these incremental steps as positive indication that the sentiment in Greece is becoming more supportive of our projects. At Skouris, work advanced on relocation of an ancient mining furnace from the open pit area, as you can see in the picture. We intend on moving this artifact to a prominent area near our site office where it can be displayed for visitors to see. This is a great reminder that Helkidiki is an historic mining area It has supported mining activity all the way back to the era of Alexander the Great. Also during the quarter, we received renewal of the operating permit for Olympias with an annual production limit raised to 470,000 tons per year. I'm also happy to report we received surface drilling permits at Strattonia in the quarter. These will allow us to complete step-out drilling and potentially expand the Mavis Petrus ore body. Before I hand it over to Phil, perhaps a few words on how things are advancing in Greece. The transfer agreement negotiations are progressing, and support from senior government officials was evident during the quarter with the Minister of Energy and Environment visiting our Skouris site. Greece continues to represent a fantastic growth opportunity for El Dorado, and we believe it's not currently reflected in our valuation. Skouris and Paramahil are world-class assets, that will add significant value for our investors, local communities, and the Greek state. I'll stop there. Over to you, Phil.