First Quantum Minerals Ltd.

Thank you for standing by. This is the conference operator. Welcome to the first Quantum Minerals Limited third 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 zero. I would now like to turn the conference over to Benita To, Director, Investor Relations. Please go ahead.

Thank you, Jaylene, and thank you everyone for joining us today to discuss our third quarter results. During the call, we will be making forward-looking statements. As such, I encourage you to read the cautionary notes that accompany this presentation our MD&A, and the related news release. As a reminder, the presentation is available on our website and that all dollar references are in U.S. dollars unless otherwise noted. On today's call are Tristan Pascal, our Chief Executive Officer, Ryan McWilliam, our Chief Financial Officer, and Rudy Badenhorst, our Chief Operating Officer. And with that, I will turn the call over to Tristan for opening remarks.

Thank you, Benita. And thank you everybody for joining us today for our third quarter updates. It's pleasing to report strong operational performance from the Zambian operations during the quarter, to which Rudy will cover in his remarks. Over the last several quarters, the work by the teams at site have placed us in today's position to deliver on the upper end of the copper production guidance range and the lower end of the cost guidance that we provided earlier this year. While the Zambian operations had a successful quarter with production, it is with deep regret that we announce the death of a colleague at Kansanshi towards the end of the quarter. The health and safety of our colleagues across the business is our top priority. This includes providing all necessary support for both our employees and their families during this difficult time. I would like to extend my deepest sympathies to the family and friends impacted by this tragedy. In Zambia, the country continued to experience power restrictions during the quarter. However, our teams at Consanti and Trident were quick to respond with operational adjustments to mitigate the impact of these restrictions, resulting in minimal disruptions to copper production. In the near term, with existing contracts covering approximately 50% of our power needs through to April 30, 2025, we expect to have sufficient power to avoid operational interruptions in the remaining quarter of the year. These agreements include options for extension, providing flexibility in our power sourcing strategy. We continue to be proactive in our power management efforts, recognising the importance of power stability, not just for the mining sector, but also for Zambia's broader civil society. And as such, we are working constructively with the government to develop long-term solutions that support both industry and the country's energy security. Our efforts reflect our broader commitment to Zambia's economic and energy stability, ensuring that essential services and industries remain operational whilst mitigating the impact of power shortages. For the medium term, the company is in an advanced discussion to receive offtake from three independent power producers for solar and natural gas projects that will add nearly 800 megawatts to the in-country power generating capacity. These projects are scheduled to come online in 2025 and will ensure that we can secure sufficient power for the commissioning and ramp-up of the S3 expansion at Kansanshi. In addition, the company is looking at direct offtake arrangements with independent renewable power producers that are expected to be commissioned in 2027-28 that will add an additional 480 megawatts of power generation capacity. With regards to longer-term solutions, We remain supportive of the commitments made by the country to ensure future energy resilience. On this front, we are actively collaborating with ZESCO on critical projects aimed at expanding and stabilising the national grid, including installation of static-valve compensators in the northwestern province. Staying in Zambia, the 2025 national budget was presented on September 27 by the Minister of Finance and National Planning. The Minister reaffirmed his commitment to maintaining stable and predictable tax policies to encourage investment and, as such, there were no significant changes to the mining tax regime. Over to Panama, we continue interactions with various levels of government, stakeholder and community groups in the country. We have not yet met with the new President, who has made public statements that the issue of the Cobra Banama mine will only be addressed in early 2025. In the meantime, we continue to work on the approval of the Preservation and Safe Management Program. The plan was submitted on August 27 along with a formal presentation to the Ministry of Commerce and Industries on September 25. But the plan is still pending government approval and therefore aspects of the plan have not yet been implemented by the company. At Cobra Panama, however, maintaining the integrity of the site remains of utmost importance to the company and really will review the maintenance work that we continue with there. In parallel with the work at site, the company has also embarked on a comprehensive program of public outreach to provide transparent information regarding the mine to the Panamanian people. As part of the program, we have presented at universities, schools and several public events. The publication of our virtual tour online has attracted a significant number of visitors curious to further understand the role of responsible mining in Panama. And we continue to engage closely with our key stakeholders, including our workforce, local communities and suppliers. With regards to arbitration, our ICC arbitration continues to be the most advanced, with a final hearing scheduled for September 2025. Under the FTA arbitration, the company has has three years from the date of Panama's breaches of the FDA to file its arbitration claim. We continue to maintain the position that arbitration is not our preferred outcome, and we remain committed to dialogue with the new government and to being part of the solution for the country and the people of Panama. Along with our third quarter results, the company announced the appointments of Mrs. Montalvo and Mr. Gere to the Board of Directors. I'm pleased to welcome both to the board, both of whom bring several decades of industry experience with them, and with Juanita's experience in social affairs in Latin America and Africa, and Kevin's deep knowledge of the copper markets. With that, I will conclude the opening remarks and pass the call to Rudy to review our operational results.