Ivanhoe Mines Ltd.

Good morning, ladies and gentlemen, and welcome to the Ivanhoe Mines Q3 2022 Financial Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we'll conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded today, November 14, 2022. I would now like to turn the conference over to Matthew Keevil, Director of Investor Relations and Corporate Communications. Please go ahead.

Thank you, Operator. Hi, everyone. My name is Matthew Kuebel, and I am the Director of Investor Relations and Corporate Communications with Ivanhoe Mines. It is my pleasure to welcome you to our Q3 2022 conference call. We will finish today's event with a question and answer session. You can submit a question using the Q&A box on the webcast page, as well as through the conference operator via your phone line. Given our time constraints, we will likely be unable to answer every question, but please follow up with the IR team after the call. Before we begin, I'd like to remind everyone that today's event will contain forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Details of these forward-looking statements are contained in our November 14th news release, as well as on CDAR and at our website at www.ivanhomeminds.com. It is now my pleasure to introduce Ivan Home Minds' president, Marna Cloutier.

Thank you, Matt, and welcome everyone to our third quarter earnings of 2022. We've had an extremely busy quarter with our expansion projects at Kamoa and activities ramping up at Platte Reef and Kapushi. This quarter, Kamoa Kokula kept building on its reputation as a world-class mine with record sales of 94,000 tonnes of payable copper and copper production of 98,000 tonnes of copper for the quarter. This gave us the confidence to up the lower end of our production guidance to 325,000 tonnes of copper and concentrate with the aim to achieve the upper end of guidance of 340,000 tonnes of copper and concentrate. The de-bottlenecking project is now 70% complete and it is expected to reach annualised copper production of 450,000 tonnes of copper in the second quarter of 2023. Our Phase 3 expansion activities are progressing well and is expected to increase production from Kamoa Kukula to 600,000 tonnes by the fourth quarter of 2024. Our C1 cash costs continue to be impacted by higher than expected logistic charges, but with current mitigation measures in place, we reiterate our guidance and expect to be at the upper end of cash cost guidance for the year. To this end, we have tightened the range to between $1.35 and $1.40 per pound. Before our CFO, David Van Yerden, discuss our financial results in more detail, I would like to provide a quick update on the efforts of our sustainability team. During the quarter, Kamauakakura commenced with bulk earthworks at the Kamaua Centre of Excellence. A rendering of this facility is in the background of this slide. This centre, once in operation, aims to create a sustainable and community-centred learning environment in the heart of the DLC. It will be a world-class facility offering degrees, diplomas and short courses in collaboration with internationally accredited institutions. At our livelihood programmes at Kamoa, our teams are expanding our community-forming footprint, which contributes to local entrepreneurs as well as food security. Our team at Platri focus on enterprise and supply development to enable small and medium enterprises to be included in our supply chain. And at Kupushi, we focused on access to water with a borehole program underway to assist our communities. With that, as a short introduction, I would like to now hand over to David van Jeeren for the financial results.