Eldorado Gold Corporation

Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold Corporation Q3 2021 Financial and Operational Results 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 signal an operator by pressing star and zero. I would now like to turn the conference over to Lisa Wilkinson, Vice President, Investor Relations. Please go ahead, Ms. Wilkinson.

Thank you, operator, and good morning, everyone. I'd like to welcome you to our third quarter 2021 conference call. Before we begin, I would like to remind you that we will be making forward-looking statements during the call. to the cautionary statements included in the presentation, as well as the risk factors set out in our annual information form. Joining me on the call today, we have George Burns, President and Chief Executive Officer, Phil Yee, Executive Vice President and Chief Financial Officer, Joe Dick, Executive Vice President and Chief Operating Officer, and Jason Cho, Executive Vice President and Chief Strategy Officer. Our release yesterday details our 2021 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 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. After the prepared remarks, we will open the call for Q&A. At this time, we will invite analysts to queue for questions. I will now turn the call over to George.

Thanks, Lisa, and good day, everyone. Here is the outline for today's call. I'll provide a brief overview of Q3 results and highlights before passing it to Phil to go through the financials. Joe will follow by reviewing operational performance, and then we'll open it up for questions from analysts. I'm very pleased with our third quarter results. Production in Q3 was 8% higher than last quarter based on strong production at QSIDA, and we have increased our full year 2021 production guidance by approximately 6% to 460 to 480,000 ounces up from 430 to 460,000 ounces previously. We are working through our budgets right now, and we are comfortable with our 2022 production guidance range, which takes into account commissioning of the HPGR in Q4. We will update the market on 2022 guidance in the new year. Joe will speak more about our operational performance later in the call. I'm very proud of the operational teams for working safely and effectively to achieve robust production in the first nine months of the year. Specifically, I would like to congratulate KISSADOG team for delivering strong production year to date and successfully completing several operational improvements at the mine. During the quarter, we refinanced our senior secured notes. Phil will speak to this later in the call. Not only were we able to lower the cost of debt, but certain Eldorado subsidiaries in Greece were removed as guarantors, which will allow us to pursue a broader range of funding alternatives for the development of the Cassandra assets. We continue to see strong support in Greece for the Scurries project. The support from the Greek government has allowed us to sign an amended investment agreement and obtain the approval for dry stack tailings permit early in the year. We're also seeing strong interest from Greek banks and EU COVID relief fund. This is a very encouraging as we accelerate the process of finalizing and funding and financing for the world-class project. In October, we made the decision to suspend mining operations at our non-core Stryktonium Avis Petrus mine in Greece and focus on exploration. The Mavis Petrus mine currently lacks reserves to support sustained operations, and we expect to continue our exploration program in this highly prospective area, aiming at identifying and verifying new reserves. During this phase, the mine will be transitioned to care and maintenance. Operations could resume upon positive results for a future technical and economic review. We will strive to either relocate employees to other Cassandra operations, or offer training programs at a new technical training center under development at Stratoni. This was a difficult decision, but necessary. A decision to ensure the viability of Cassandra assets and allow Eldorado to continue to invest in the region for the long term. We continue to monitor cost and capex inflation across our operations. In Turkey, inflationary pressures have been mostly offset by the weakening lira. In Canada, mining project activity has picked up in the Val d'Or region, which is putting pressure on our contractor labor rates. And COVID-19 has impacted the supply chain, causing minor shipment delays. Based on Q3 and year-to-date cost performance, we are not seeing any notable impact of inflation. At the end of October, we closed the previously announced sale of the Tocantinsino project in Brazil to G Mining Ventures. This sale provides Eldorado with immediate value for TZ and allows us to retain meaningful exposure to future value creation through our equity stake in G Mining. TZ will be a cornerstone asset for G Mining, a team with a strong track record of building mines on time and on budget. We believe that G Mining, which now includes our local Brazilian team, are the right group to responsibly advance the asset And we look forward to following and supporting their success. Shifting over to ESG, I want to update you on the global sustainable integrated management system that we launched in Q1. CIMS integrates sustainability, responsibility, and accountability across Eldorado's core business functions at all levels of the organization. This internal management system is a set of performance standards addressing occupational health and safety, environment, social, and security, by which we will be able to better measure, track, and drive our ESG performance. In Q3, we completed CIMS self-assessments at our operating sites with positive results. We are now focused on creating action plans that will support our commitment to continuous improvement. One of the key pillars of our sustainability framework is to engage collaboratively with stakeholders to build positive relations and uphold our social license to operate. For example, during the quarter, our team in Quebec announced a partnership with the Lac-Simon Anishinaabe Nation to develop an adult education center in Val d'Or to support skills and sustainable development of the community. We are also continuing discussions to work towards a long-term collaborative and sustainable development agreement with the Laxman nation. In Q3 in Greece, we continue to comprehensive stakeholder engagement process in preparation for environmental social impact studies with the goal to build a mutual understanding and support of a positive shared future in the region. With that, I'll turn the call over to Phil to review our third quarter financial results.