G Mining Ventures Corp.

Good morning, everyone, and thank you for joining G-Mining Ventures' third quarter 2025 results conference call. All participants are in listen-only mode. Following the formal remarks, we will open the lines for questions. Please note that today's call is being recorded. I will now turn the call over to G-Mining Ventures. Please go ahead.

Thank you, operator, and thanks to everyone for attending G-Mining's 2025 third quarter financial results conference call. My name is Jean-Francois Le Monde, Vice President of Investor Relations for G-Mining Ventures. Before we begin, please note that today's discussion may include forward-looking statements. Actual results could differ materially. For more information, please refer to the cautionary statements in our MD&A and on slide two of today's presentation. Joining me today are Louis-Pierre Gignac, President and CEO, and Julie Lafleur, CFO and VP Finance. This morning, we will review TZ's operational and financial highlights for the third quarter and here today's 2025. And we will provide updates on our OKO West project as well as KUOP. And we will close the session with Key Catalyst and our outset for the reminder of the year. With that, I'll turn it over to Louis-Pierre to begin the discussion.

Thank you, Jean-Francois, and good morning, everyone. Jimin delivered another record-setting quarter, achieving steady state operations at PZ, generating strong free cash flow, and advancing OKOS through the final permitting and project financing. Free cash flow reached $95.8 million for the quarter and $190 million year-to-date, with another strong fourth quarter anticipated to complete the year. At Oko West, the team secured the environmental permit on September 2nd, and the board approved full construction following the $387.5 million financing package. Strong operational results were matched by strong safety performance. With only one lost time incident in the quarter, our year-to-date lost time incident frequency rate remains very low at 0.11, a testament to our disciplined culture and engaged team. During the quarter, TZ produced 46,360 ounces of gold at a cash cost of 721 per ounce and an all-in sustaining cost of 1,046 per ounce, generating a 2,068 per ounce margin, among the strongest in the sector. For the first nine months of 2025, production totaled 124,525 ounces. at an all-in sustaining cost of $1,121 per ounce, confirming consistent low-cost performance. With 71% of annual production delivered by quarter and access to higher-grade zones in the fourth quarter, we are on track to achieve our full-year guidance. Year-to-date 2025 all-in sustaining cost remains in line with our annual guidance, primarily reflecting a lower rate of sustaining capital expenditures. Fourth quarter performance is expected to deliver all unsustaining costs within the full year guidance range. The mining rate averaged 55,000 tons per day, a 15% increase from the prior quarter, driven by the commissioning of a third production shovel and three additional haul trucks added to the fleet. 1.8 million tons of ore at an average grade of 1.18 grams per ton was mined, with additional waste mining capacity, resulting in a strip ratio of 1.83 for the quarter. The mill sustained an average throughput of 11,890 tons per day, or 92% of main plate capacity, demonstrating stable operations, high availability, and strong plant performance. For the third quarter of 2025, total cash costs averaged 721 per ounce sold, with a site-level all-in sustaining cost of 971 per ounce and a consolidated all-in sustaining cost of 1,046 per ounce, all in line with guidance and supporting sector-leading margins. This performance places PZ firmly among the lowest-cost gold producers globally and among the highest-margin operations in the industry. The mill processed just over a million tons of ore at an average throughput of 11,890 tons per day, or 92% of main plates, at an average grade of 1.43 grams per ton and recoveries of 92.3%. On a unit basis, mining costs averaged $3.25 per ton mined, processing costs of $12.31 per ton milled, and site GNA of $6.87 per ton. Our year-to-date oil and sustaining costs ranks in the lowest quartile of producers worldwide, while margins remain the strongest in the Americas. PZ continues to exemplify industry-leading efficiency and profitability among mid-tier gold producers. I'll now turn it over to Julie to discuss how these results translate into record earnings, cash flow, and disciplined capital allocation.