First Quantum Minerals Ltd.

Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the first Quantum of Minerals third quarter 2025 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question again, press the star one. I would now like to turn the conference over to Bonita Toh, Director, Investor Relations. You may begin.

Thank you, Desiree, and thank you, everyone, for joining us today to discuss our third quarter results. During the call, we will be making forward-looking statements, and as such, I encourage you to read the cautionary notes that accompany this presentation, our MD&A, and the related news releases. 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 Paschal, our Chief Executive Officer, Ryan McWilliam, our Chief Financial Officer, and Rudy Battenhorst, our Chief Operating Officer. And with that, I will turn the call over to Tristan for opening remarks.

Thank you, Benita, and thank you to everybody for joining us today to discuss our third quarter results. During the quarter, we made meaningful progress on our priorities for 2025, and I am pleased to be able to provide an update on these. Firstly, we continue to proactively strengthen our balance sheet and manage our liquidity. In August, we announced the $1 billion non-debt Gold Stream Agreement with Royal Gold and undertook a series of bond transactions to extend our debt maturities, which Ryan will cover in more detail in this financial overview. Secondly, we remain focused on safe and leading productive operational performance. We were pleased to host analysts and investors to our Zambia operations in September to showcase our cornerstone assets, and we continue to see quarter-over-quarter improvement in production. We remain on track with our guidance for the year, which Rudy will review. Thirdly, at the consensus along with subsequent shipments of supplies and equipment. These all took place safely at our port without incident. With regards to the power plant, we commenced pre-commissioning activities and mobilized specialists to site ahead of the restart, which remains on schedule, with the first 150 megawatt unit expected to be fired and synchronized with the grid in November. The power generated will support onsite preservation activities surplus energy will be made available for dispatch to support the national grid as required. During the quarter, the Government of Panama, through Miambamente, initiated the comprehensive audit of Cobra Panama and awarded the contract to SGS Global, an independent and internationally recognised audit firm. SGS has commenced the six-month audit process and is currently working with the various The company has always sought to conduct its operations with transparency and in full compliance with international environmental standards, including achieving 100% compliance on our environmental commitments in the most recent ESIA audit published earlier this year. Our team at Cobra Panama is ready to provide all the necessary information to support SGS and the government to complete the audit. Today, the company's work with the government has been centered around the preservation and safe management program for the mine, with a priority focused on safety, asset integrity, and environmental stewardship. However, we remain prepared for when the government is ready to discuss more broadly a resolution for the future of Cobra Panama. Understandably, any potential new agreement will need to clarify that the mineral resources belong to the people of Panama. This is well understood by First Quantum and hence our willingness to find a durable agreement for a fair fiscal structure that reflects this, as well as the $10 billion investment that First Quantum has made into the country. I believe both sides will be motivated to reach a fair, equitable and mutually beneficial resolution. Had Cobra Panama remained in operation since 2023, contributions to the country of Panama could have reached $1 billion to the Treasury, and $2 billion US to local Panamanian supplier companies. It is important to First Quantum that the contributions of the mine, such as employment and growth, can deliver tangible benefits to the people of Panama. At the same time, a fair and balanced agreement would position Panama as a destination for foreign direct investment and a pivotal step in confirming the country's reputation as a stable and attractive environment for international capital. Our focus remains on reaching a resolution for the mine that serves the best interests of our stakeholders, the government and the people of Panama. Thank you and I will now pass the call over to Rudy for his operational review.