Eldorado Gold Corporation

Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold's second 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. If you do 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 welcome you to our second 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, Operations and Technical Services. Our release yesterday details our second quarter 2025 financial and operating results. This should be read in conjunction with our second quarter 2025 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, 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. Turning to the outline for today's call, I'll begin with an overview of our second quarter 2025 results and highlights. I'll then hand the call over to Paul to go through our financials, followed by Lo 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 and our second quarter highlights, we delivered solid performance across our operations, achieving safe production of 133,769 cold ounces. The Lamacq complex in Quesada exceeded our expectations for the quarter. At Lamacq, we achieved higher throughput due to the earlier than anticipated processing of a portion of the second bulk sample of our Lamacq. At Quesada, our optimization efforts last year led to accelerated inventory drawdown. These additional ounces were initially anticipated later in the year. FN Chukaru delivered a stable production for another quarter As noted in the Q1 conference call, production in Olympia has returned to expected levels and maintained that performance throughout the quarter. Looking ahead, we remain firmly on track to achieve our guidance of producing between 460 and 500,000 ounces of gold in 2025. Based on the first half performance, we expect to deliver around the midpoint of our guidance range. Total cash costs and owing sustaining costs were $1,064 per ounce sold and $1,520 per ounce sold respectively. Costs were higher compared to 2024, primarily as a result of higher royalties driven by record high gold prices in addition to higher labor costs. Paul will touch on our costs in more detail later in the call. Before moving on to other highlights for the quarter, The photo shown here on the bottom right part of the slide shows the first stages of our open pit mining at Scurries. Last week, while on site with other executives, we watched the mining of our first oxide ore using the smaller ADT trucks as shown here. We were very pleased to see the overall progress at Scurries, which has been impressive. Well, we'll speak to this in more detail later on the call. Turning to slide five in the second quarter, our lost time injury frequency rate was 0.95, an increase from the LTIFR of 0.40 second quarter of 2024. We acknowledge there is always room for improvement and we remain committed to continuous improvement in our safety performance. And we thank our employees for the dedication to maintaining safe operations. Throughout 2025, We are continuing to make health and safety improvements, focusing on high potential risk control, empowering our employees to cultivate a positive and health and safety culture. This is supported by the multi-year implementation of our new courageous safety leadership program, which has been kicked off this year. On sustainability during the quarter, we issued our annual sustainability report, Additionally, our global sites were also recognized for the dedication and word receiving the following awards. In Quebec, the team was awarded the Socioeconomic Commitment Filon Award at the Val d'Or Chamber of Commerce Business Gala. And at the Quebec Mining Association Conference, the team was recognized with the Environmental Distinction Award. In Greece, in recognition of the comprehensive health emergency management plan implemented at the Cassandra Mines, the team won the Gold Award at the 2025 Health and Safety Awards. Additionally, earlier this month, Eldorado Gold was recognized as one of Canada's best companies in 2025 by Time, based on our strong performance in sustainability, transparency, employee satisfaction, and consistent revenue growth over the past three years. Lastly, we announced the expanded normal course issuer bid on May 1st of this year, reinforcing its role as a key pillar in our disciplined capital allocation strategy. This NCIB expired yesterday, July 31st. As noted in our press release yesterday, our board has re-approved the program and expanded its scope to include the New York Stock Exchange in addition to the Toronto Stock Exchange. Year-to-date, we have repurchased over 2.8 million shares at a cost of $58.4 million. With a strong balance sheet, ongoing cash generation, improving production profile, and progress on our key projects, we believe that the repurchasing of our shares at current market prices is a prudent way to deploy capital while continuing to invest in our long-term growth. I'll stop there and turn the call over to Paul for a review of our financial results. Thank you, George.