Equinox Gold Corp.

Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold second quarter 2025 results and corporate update. 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 Ryan King, Executive Vice President, Capital Markets for Equinox Gold. Please go ahead.

Thank you, Operator. Well, good morning, everyone, and thank you for taking the time to join the call this morning. Before we commence, I'd like to direct everyone to the forward-looking statement on slide two. Our remarks and answers to your questions today may contain forward-looking information about the company's future performance, Although management believes that our forward-looking statements are based on fair and reasonable assumptions, actual results may turn out to be different from these forward-looking statements. For a complete discussion of the risks, uncertainties, and factors which may lead to actual operating and financial results being different from the estimates contained in our forward-looking statements, please refer to our second quarter and year-to-date MD&A and consolidated financial statements available on our website as well as on CDAR+. And finally, all figures are in U.S. dollars unless otherwise stated. Present today with me on the call are Darren Hall, Chief Executive Officer, Peter Harvey, Chief Financial Officer, and David Schumer, Chief Operating Officer. We will be providing comments on our second quarter 2025 production and cost results and an update on the Greenstone and the Valentine gold mines, after which we'll take questions. The slide deck we will be referencing is available on our website at EquinoxGold.com under the Shareholder Events section. You can also click on the webcast to join the live presentation. And with that, I will turn the call over to Darren.

Turning to slide three, and thanks, Ryan. Good morning, everyone, and I appreciate you taking the time to join us on the call today. Firstly, I would like to acknowledge the efforts of our employees and business partners for their continued focus during the quarter to responsibly deliver over 219,000 ounces during what can be a distracting time as you integrate two businesses together. So well done and thanks to everyone. With the completion of the merger, we've created a significant Americas-focused gold producer anchored by two cornerstone Canadian mines, Greenstone and Valentine. It is definitely exciting times as we build one Equinox with the leadership team and the entire organisation focused on delivering on its commitments, operational excellence, advancing high quality organic growth, rationalising the portfolio and importantly disciplined capital allocation. The benefits of bringing the teams together are already paying dividends, one example of which is reflected in improvements at Greenstone which we'll talk to later. The company has entered into a pivotal phase with production, cash flow and earnings expected to grow meaningfully in the coming quarters. Turning to slide four, Q2 financial results predominantly reflect Equinox's pre-merger assets. On a tributal basis, the company sold just over 148,000 ounces at an average realised price of $3,200 an ounce. Interestingly, had the calibre transaction been effective January 1, the pro forma consolidated revenue for H1 would have been approximately $1.33 billion from 401,000 ounces. which clearly underscores the enhanced scale and earnings power of the new company. Looking forward, Q3 and Q4 will see increasing production as we benefit from a full quarter of contribution from the calibre assets, continued improved performance at Greenstone and first gold from Ballantyne. Turning to slide five, Greenstone is a key focus. The ramp-up is progressing and we are seeing tangible improvements. Q2 delivered solid results where mining rates increased 23% and processing rates improved 20% over Q1. Building on that momentum, Q3 is off to a strong start, with Q2 mining rates 10% higher than Q2, with month-to-date August mining rates averaging 200,000 tonnes per day. Over the 30 days ending August 10th, We processed an average of 24,500 tonnes per day, with more than one third of the days above the nameplate capacity of 27,000 tonnes per day. There is still work to do as we focus on minimising dilution and mining losses around historical workings concurrently with targeted programs to improve fleet productivity and operating discipline. I'm pleased to introduce Dave Schumer as Equinox's Chief Operating Officer. who brings over 35 years of mining experience to the business. Dave and I worked together at Umont, and most recently Calibre, and he has been working closely with the Greenstone team since mid-May to accelerate the ramp-up, improve efficiencies, to safely deliver reliable performance. With that, I'll ask Dave to discuss a little more, Calibre, on some of the team's recent progress at Greenstone.