Eldorado Gold Corporation

Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold Second Quarter 2024 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 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then 0. I would now like to turn the conference over to Lynette Gould, Vice President, Investor Relations, Communications, and External Affairs. Please go ahead, Ms. Gould.

Thank you, Operator, and good morning, everyone. I'm excited to welcome you to our second quarter 2024 results conference call. Before we begin, I would like to remind you that we will be making forward-looking statements and referring to non-IFRS measures during the calls. Please refer to the cautionary statements included in the presentation and the disclosure on non-IFRS measures and risk factors in our management's discussion and analysis. Joining me on the call today, we have George Burns, President and Chief Executive Officer, Paul Ferneyhough, Executive Vice President and Chief Financial Officer, Lowe Smith, Executive Vice President, Development, Greece, and Simon Hilly, Executive Vice President, operations, and technical services. Our news release yesterday details our second quarter 2024 financial and operating results. This should be read in conjunction with our second quarter 2024 financial statements and management's discussion and analysis, both of which are available on our website. They have also both been filed on CDAR Plus 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, and you can download a copy of those 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, Lynette, and good morning, everyone. Here is the outline for today's call. I'll provide a brief overview of Q2 results and highlights I will then pass the call over to Paul to go through our financial results and then to Lo and Simon to review our operational performance. We will then open the call to questions from our analysts. Turning to slide four, the second quarter delivered safe coal production of 122,319 ounces in line with our progress towards full production guidance. Production was in line with expectations as trades increased at Lamarck, Effin, Chukaru, and Kisada. During the quarter, we did have a small impact to production as a result of the labor-initiated work stoppages at Olympias, totaling 17 days in the quarter during negotiations on a new collective bargaining agreement. Currently, we're in the final stages of negotiating a mutually acceptable CBA with our unions. Looking ahead, we continue to expect increased production in the second half of the year, remaining on track with our guidance to produce between 505 and 555,000 ounces of gold in 2024. Total cash costs and all unsustaining costs were in line with our expectations at $940 per ounce sold and $1,331 per ounce sold respectively. Cost increased primarily as a result of higher royalties driven by higher gold prices in addition to higher labor and contractor costs and higher fuel prices during the quarter. As noted in Q1 and subsequently in the second quarter, continued higher gold prices during the quarter have led to increased royalty expenses in Greece and Turkey as the royalty structures are calculated on a sliding scale linked to the gold price. While we did see higher costs this quarter, they are in line with our 2024 guidance ranges. Paul will touch on our costs in more detail later in the call. Turning to slide five in the second quarter, our lost time frequency rate decreased to 0.40 recorded incidents per million person hours work compared to 1.32 in Q2 2023. Our commitment to create and maintain a safe and healthy workplace is unchanged. and we recognize this is a continuous journey of improvement. Our health and safety focus in 2024 is based on preventing high potential incidents and further empowering our employees to promote a positive health and safety culture. In sustainability, I'd like to start by congratulating our teams in Turkey on the outstanding scores they received following their external verification against the Mining Association of Canada's towards sustainable mining protocols. TSM scoring is arranged from C through AAA, with A indicating good practice and AAA indicating excellence and leadership. At FMChucru, the site received AAA scores in tailings, health and safety, biodiversity, and indigenous and community relations. The site received A, AA, and AAA scores across all other indicators, At Kisledag, the site received AAA scores in all safety and health protocol indicators, and A, AA, and AAA scores across all other indicators. Notably, with the completion of the first round of TSM verifications, we now have AAA scored tailings facilities across all of our operations. I would also like to extend my congratulations to a number of our global teams that received awards during the quarter. including a Silver Award from the Hellenic Institute for Occupational Health and Safety, the Best Natural Resources Deal at the 2023 EMEA Project Finance Awards. This was in recognition of our Scourge Project Financing Facility, and a Bronze Award in the Gender and Inclusion category at the 2024 EBRD Sustainability Awards. These awards recognize the outstanding achievements of EBRD's clients in promoting green economies and better environmental and social performance. We take great pride in our team's commendable success, and this is reflected in the awards received across health and safety, sustainability, and finance. I'll stop there and turn the call over to Paul for a review of our financial results. Thank you, George.