i-80 Gold Corp.

Ladies and gentlemen, please stand by. Good morning, afternoon, and evening. My name is Jake and I will be your conference operator today. At this time, I would like to welcome everyone to the IAD Gold Corp third quarter 2022 financial and operation 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'd like to ask a question during this time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, please press star then the number two. Thank you. Mr. Downey, you may begin your conference.

Hi, and thank you for everybody for attending today's conference. Today we will be discussing our third quarter financials as well as provide some updates on what the company is doing. On slide two, the participants for management in this call are myself, You and Downey, we have Matt Gilley, Matt Golat, and Ryan Snow attending. Ryan will be presenting the financial portion of the presentation. On slide three is our standard disclaimer statement, which also deals with forward-looking statements, and I urge everybody to read this when you read our presentation. On slide four, our company is a U.S.-focused gold producer, developer, and explorer. We are one of the largest holders of gold and silver resources in the state of Nevada, and we have several exploration programs ongoing within the company as we advance our plan to become one of the largest producers in the state. In terms of our extensive resources, our company has approximately 6.5 million measured and indicated gold ounces and more than 8 million ounces inferred. with almost combined 180 million ounces of silver. I will pass over the next slide to Ryan Snow, our CFO, and he will take you through this year, this quarter's financials.

Thanks, Ewan, and good morning to those listening today. Yesterday, the company reported our financial statements in MD&A for the third quarter of 2022, and they can be found on CDAR, EDGAR, and the company's website. On slide five of the presentation, you'll see a graph of our production and sales by quarter for the year. This production is from the residual leaching activities at both Ruby Hill and Lone Tree, and it's highlighted by a record third quarter where we produced 9,332 ounces of gold. Moving to slide six of the presentation, you will see our total cash cost and all-in sustaining cost by quarter for the year. Our third quarter all-in sustaining cost was $1,138 per ounce. and year-to-date is $1,204 per ounce. Additional highlights for the quarter include the ending cash balance at September 30 of $76 million, in addition to $32.7 million in restricted cash. We also continue to advance our exploration programs at Granite Creek and Ruby Hill, with 27,551 feet of core drilling composed of 10,526 feet at Granite Creek and 17,025 feet of core drilled at Ruby Hill. The company continued the engineering study on the autoclave refurbishment on plan and advanced the exploration ramp at Cove by 838 feet for a total advance of 1,938 feet year-to-date. On slide seven of the presentation, highlights are record revenue of $16.1 million bringing year-to-date revenue to $25.3 million. This revenue generated mine operating income of $4.1 million for the quarter and $7 million year-to-date. The company reported a loss for the quarter of $11.3 million or $0.05 per share. When adjusted for the impact of mark-to-market gains on the company's convertible debt, outstanding warrants, gold prepay, and silver purchase and sale agreement, the loss was $15.5 million or $0.06 per share. The company is in a loss position of $15.3 million or $0.06 per share. for the year, and when adjusted for the items previously mentioned, was in an adjusted loss position for the year of 50.2 million or 21 cents per share. Finally, the company recorded 10.8 million in exploration, evaluation, and pre-development expenditures during the quarter, bringing the year-to-date investment to 32.2 million. On slide eight, the company's production highlights for the quarter include the production and sale of 9,332 ounces of gold, at a cash cost of $1,045, and an all-in sustaining cost of $1,138. Our average realized price per gold ounce sold in the quarter was $1,712. Year-to-date production highlights include 14,328 gold ounces produced and sold at a cash cost of $1,061, and an all-in sustaining cost of $1,204 per gold ounce sold. On slide nine, The company's liquidity position shows that we ended the quarter with $76 million in cash and had an inventory balance of $24.9 million. Current assets were $110.5 million, while accounts payable and accrued liabilities were $10 million. And total current liabilities were $48.8 million. This resulted in a current ratio for the company of 2.3 to 1. I also want to highlight that the company has $32.7 million in restricted cash and ended the quarter with total net assets of $396.7 million. With that, I'd like to turn the call back over to you and Downey.