Eldorado Gold Corporation

Thank you for standing by. This is the conference operator. Welcome to the El Dorado Gold first quarter 2025 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 then zero. 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'd like to warmly welcome you to our first quarter 2025 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 call. 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, Lo Smith, Executive Vice President, Development Greece, and Simon Hilly, Executive Vice President operational, and technical services. Our release yesterday details our first quarter 2025 financial and operating results. This should be read in conjunction with our first quarter 2025 financial statements and management discussion and analysis, both of which are available on our website. They have also both been filed on CDARplus 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, which you can download 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. Before we begin our formal prepared remarks, on behalf of the El Dorado team, I would like to extend our condolences and thoughts to those impacted by the recent tragic event that took place in the Lapu-Lapu Festival in Vancouver this past weekend. What should have been a joyful celebration of Filipino culture and community ended in unimaginable loss, and our hearts are broken over this tragedy. In support of the efforts, we have made monetary donations to the Canadian Blood Services and to the Crisis Center of BC. Turning to the outline for today's call, I'll begin with an overview of the first quarter 2025 results and highlights. I'll then hand the call over to Paul to go through our financials, followed by Low and Simon who will provide a review of our operational performance. We'll conclude by opening the call to questions from our analysts. Turning to slide four, our operations delivered a solid quarter with safe production of 115,893 gold ounces with Lamarck, Quisada, and FM2 crew in line with expectations. Production in Olympias was lower than expected as a result of challenges with location circuit stability, and unplanned maintenance on the pyrite concentrate filtration. These challenges have been resolved and production has recovered to expected levels in Q2. Looking ahead, increased production with a slightly stronger second half of the year remaining on track to achieve our guidance to produce between 460 and 500,000 ounces of gold in 2025. Total cash costs and all in sustaining costs were $11.53 per ounce sold and $15.59 per ounce sold respectively. Costs were higher compared to 2024, primarily a result of higher royalties driven by higher gold prices in addition to higher labor costs. While costs were above the top end of our guidance range for the year, we still expect to meet our annual guidance. Paul will touch on our costs in more detail later in the call. Turning to slide five in the first quarter, our lost time injury frequency rate was 0.7, a decrease from the LTIFR of 1.63 in the first quarter of 2024. We take pride in our safety performance and our employees' dedication to safe operations, but we recognize there is still more to achieve. During 2025, we continue to make health and safety improvements, with a focus on high potential risk control and empowering employees to cultivate a positive health and safety culture. During the quarter, as part of the inaugural Awards of Health and Safety, Positive Recognition, an employee at Quesada was recognized for speaking up and stopping unsafe working behavior, demonstrating courageous safety leadership. On sustainability during the quarter, We updated and rolled out the third version of our sustainability integrated management system, SIMS, to all sites. SIMS is founded and fostered on Eldorado's values and is a critical tool for driving continuous improvement of sustainability performance across our business. As everyone would have seen yesterday, we expanded our normal horse issuer bid. This is part of our commitment to enhancing shareholder value and demonstrating confidence in the long-term prospects of our business. Given our strong financial position, expected growing production profile, and free cash flow generation, we believe the current share price does not fully reflect the underlying value of the company. We see the NCIB as an important way to return capital to our shareholders. The flexibility of the NCIB allows us to opportunistically repurchase shares while maintaining the financial strength needed to pursue our broader strategic objectives, including growth initiatives and disciplined capital allocation. I'll stop there and turn the call over to Paul for a review of our financial results.