Ivanhoe Mines Ltd.

Good day, and thank you for standing by. Welcome to the Ivanhoe Mines third quarter 2023 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during that session, you will need to press star 1-1 on your phone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded, and I would now like to hand the conference over to your speaker today, Mr. Matthew Keeble, Director of Investor Relations and Corporate Communications. Sir, please go ahead.

Thank you very much, Operator. Hello, everyone, and good day. This is Matthew Keeble, live from Vancouver. It's my pleasure to welcome you to the Ivanhoe Mines Third Quarter 2023 Financial Results Conference Call. On the line today from Ivanhoe Mines, we have founder and executive co-chairman Robert Friedland, President Marna Cloutier, Chief Financial Officer David Van Hielden, Chief Operating Officer Mark Farron, and Senior Vice President Corporate Development and Investor Relations Alex Pickard. We will finish today's event with a question and answer session. You can again submit a question using the Q&A box on the webcast page as well as through the conference operator via your phone line. Please contact our IR team directly for follow-up questions that are not addressed during the call. Before we begin, I'd like to remind everyone that today's event will contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Details of the forward-looking statements are contained in our news release today, November 6th, as well as on CDAR Plus and at www.ivanhomeminds.com. It is now my pleasure to introduce Ivan Home Minds founder and executive co-chairman, Robert Friedland, for some opening remarks. Robert, please go ahead.

Thank you and welcome to everybody participating on this call. I have the good fortune to be in California on the U.S. West Coast. Ivano Mines has had a stellar third quarter. We couldn't be happier to present our prospects. We're starting with an opening image on the 5th of October when His Excellency Felix Shisekedi, the President of the Democratic Republic of the Congo, together with a senior government delegation led by Prime Minister Sama, visited our campus and the opening of our Kamoa Center of Excellence, an educational institution that we've established because this is going to be a hundred-year mine, training generations of young Congolese. I'm very happy to tell you that over 97% of our employees are from the Democratic Republic of the Congo, And one of our major commitments is to invest in the labor force, both women and men, who are doing such a fantastic job at developing a copper district the world desperately needs. In recent weeks, we've had the tragic situation in the Middle East, compounding the conflict over the fate of Ukraine. considerable tensions in the world economy against the background of the Federal Reserve Board raising rates. On Friday, there was some indication that the Fed's ability to raise rates may be on pause, perhaps permanently, in a period of time when copper inventories are extremely low. It is difficult to give this audience an idea of how many people have approached Ivano Mines to participate in the unparalleled potential of the Western forelands, which is unequivocally the best hunting ground for copper on this planet we all share. Those of you who listen to my public remarks know that we think there's no chance whatsoever of a meaningful energy transition without a lot more copper mining. And there's no point in mining copper if you're going to generate copious amounts of global warming gas to try to get the metal you need to reduce the generation of global warming gas. So the reinvention of mining by the women and the men that run our company, led by our President Marna, who will speak next, serves as a beacon for the industry to prove that we can do things differently. In this quarter, we announced that an independent audit has shown us to be the greenest major copper producer in the world. We're building the greenest major copper smelter in the world, which will very much reduce our scope three emissions to essentially the best in the industry. And I'm very happy to welcome the support from the G7 nations, President Joe Biden and his emissary on all things energy transition, Amos Hochstein. who announced European and American support for the Lobito Corridor. That corridor will run from Colwazy to the Angolan border and then to the seaport of Lobito and will sharply reduce our Scope 3 carbon dioxide emissions. It will reduce the amount of capital we will need to develop new mines in the Western Forelands. In fact, that railroad will go right over our Western Forelands holdings on the way to Angola. And that means that our cutoff grade can come down and the threshold for having spectacular economics in the Congo will do nothing but improve. So there's a number of trends underway that are leading to a better and better Democratic Republic of the Congo. I've said unequivocally that the DRC is the best place in the world to be mining copper metals. And I've repeatedly said that having operated in 64 countries, I find it perplexing the discount rates that people are applying in some banks for the world's best place to go mining. When people actually go there and see the 5G wireless, the young labor force, the availability of hydroelectric power, the extremely high grades, the lack of ice and snow, and the engaged labor force, everybody working there with such dedicated efforts. I can tell you at my age, nothing could make us happier than the progress we're making for all of our stakeholders. Hats off to Marna and her extraordinary team of managers who've created the best corporate culture in the mining industry. And hats off to this incredible quarter where we can report that we're comfortably and well ahead of schedule in the construction of our stage three concentrator. And we're also well ahead of schedule for the startup of the Cappucci zinc copper silver mine, which also has a very significant potential endowment of gallium and germanium, two metals that we have not even counted in the economics of the project, but for which there is potential for recovery from the refining process. I just want to remind everybody that what Ivano Mines is doing is unprecedented. We're building several major projects at once. The Kamoa No. 1 mine and the Kamoa No. 2 mine, which are now co-joined underground. The Phase III concentrator. And the world-class smelter, which is a direct-to-blister smelter. State-of-the-art and very, very clean and powered by hydroelectric power. the Kampuche mine, and the Platte Reef mine all going into production, and now Platte Reef at an ever-expanded rate, opening soon in the theater near you. And then on top of that, we have our exploration efforts in the western forelands and initiating now at the Mokopani feeder, probably the world's largest potential mineral target in South Africa. So we have a very bright future ahead of us. We'll be talking about this. In subsequent months, I'm off to Abu Dhabi to speak at a conference later this week. And with that introduction, I'll turn this over to Marna, who has done such an incredible job in the last quarter. Marna?