i-80 Gold Corp.

Good morning. My name is Justin, and I will be your conference operator today. At this time, I'd like to welcome everyone to the I-80 Gold Corp. Second Quarter 2022 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 and then the number one on your telephone keypad. If you would like to withdraw your question, please press star 2. Thank you. Mr. Downey, you may begin your conference.

Thank you. And thank you for everyone for attending today's presentation. IED Gold Corp. is one of the industry's newest gold producers. We are a company that produces entirely from the United States in Nevada. and our company is traded both on the TSX under the symbol IAU and the New York Stock Exchange under the symbol IAUX. On slide two of the presentation, I will introduce the participants today. There's myself, I'm the CEO of the company, Ryan Snow, our CFO, and Matt Golat, Executive Vice President. Matt Geely is unable to attend today's presentation. Slide three is the standard disclaimer statement that talks about potential forward-looking statements that may be made here or forward-looking information. And I urge everybody to read this slide before when you look at our presentation. I will pass on the presentation for the next few slides to our company's chief financial officer, Ryan Snow.

Thanks, Ewan, and good morning to those listening today. Yesterday, the company reported our financial statements and MD&A for the second quarter of 2022, and they can be found on CDAR, EDGAR, and the company's website. On slide four, the highlights for the second quarter of 2022 included commencing trading on the New York Stock Exchange on May 19th under the symbol IAUX. Gold sales of 3,507 ounces from leaching activities at Ruby Hill and Lone Tree. This was a 42% increase from Q1, and I think we will see a similar increase for Q3 from Q2. These gold ounces were produced at an all in sustaining cost of $1,356 per ounce sold. Completion of the previously announced funding package for 75 million with Orion Mine Finance. Ending cash balance for the quarter of 101 million in addition to 30.8 million in restricted cash. We also continue to advance our exploration programs at Granite Creek and Ruby Hill with 25,870 feet of core drilled at Granite Creek and 21,596 feet of core drilled at Ruby Hill. The company continued the engineering study on the autoclave refurbishment plan, refurbishment on plan, and acquired key water rights for the development of the cove project. On slide five of the presentation, our second quarter highlights include revenue, of $6.4 million, bringing year-to-date revenue to $9.2 million. This generated mine operating income of $1.8 million for the quarter and $2.9 million year-to-date. Earnings for the quarter were $19.3 million, or eight cents per share, which represents the impact of mark-to-market gains on the company's convertible debt, outstanding warrants, gold prepay, and silver purchase and sale agreement. When adjusted for these gains, the company was in a loss position for the quarter of $21.5 million, or $0.09 per share. For the year, the company is in a loss position of $4 million, or $0.02 per share, and when adjusted for the previously mentioned items was in an adjusted loss position for the year of $34.7 million, or $0.14 per share. Finally, the company recorded $12.1 million in exploration, evaluation, and pre-development expenditures for the quarter, bringing the year to date investment to 21.4 million. Moving to slide six, the company's production highlights for the quarter include the production and sale of 3,507 ounces of gold at a cash cost per ounce of $1,122 and an all in sustaining cost of $1,356. Our average realized price per gold ounce sold in the quarter was $1,843. Year to date production highlights included 4,996 gold ounces produced and sold at a cash cost of $1,093 and an all-in sustaining cost of $1,326 per gold ounce sold. On slide seven, the highlights of the company's liquidity position show that we ended the quarter with 101 million in cash and had an inventory balance of 30.3 million. Current assets were 143.7 million while accounts payable in accrued liabilities were $9.5 million and total current liabilities were $47 million. This resulted in a current ratio for the company of 3 to 1. I also want to highlight that the company has $30.8 million in restricted cash and ended the quarter with total net assets of $407.6 million. With that, I'd like to turn the call back over to Ewan Downey.