Kinross Gold Corporation

Thank you for standing by. My name is Carly and I will be your conference operator today. At this time, I would like to welcome everyone to the Kinross Gold Third Quarter 2026 Results Conference Call. All mics 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 followed by the number one on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. I would now like to turn the call over to David Shaver, Executive Vice President. Please go ahead.

Thank you and good morning. In the room with us today on the call, we have Paul Rollinson, CEO, and from the Kinross Senior Leadership Team, Andrea Freeborough, Bernard Wessels, Will Dunford, and Geoff Gold. For a complete discussion of the risks and uncertainties which may lead to actual results differing from estimates contained in our forward-looking information, please refer to page 3 of this presentation, our news release dated October 28, 2026, the MD&A for the period ended September 30, 2026, and our most recently filed AIF, all of which are available on our website. I will now turn the call over to Paul.

Thanks David, and thank you all for joining us. This morning, I will discuss our third quarter results, provide high-level updates from across our portfolio, comment on our sustainability achievements, and confirm our outlook. I will then hand the call over to the team to provide further details. Before we begin discussing the quarter, in keeping with our first priorities, I would like to address a very important matter with regards to safety. We are deeply saddened by the tragic loss of two employees of business partners of our bald mountain operations in Nevada. We extend our sincere condolences to their families, friends, and colleagues. The safety of every individual at our sites is our highest priority. And we are committed to learning from these incidents and reinforcing our safety controls across our operations. Turning now to our results. Following a strong H1, our portfolio delivered on our updated commitments for the third quarter. Both Tassius and Percatu are two top-tier, low-cost assets were key contributors and together accounted for more than half of our production at attractive operating costs. In La Coypa and Round Mountain, the two smaller assets behind the near-term guidance update delivered in line with our updated expectations. In terms of cost, we continued to hold the line on total operating costs and delivered strong operating margins. All this translated to free cash flow of over 1.8 billion dollars through the first nine months and we ended the quarter with significant financial strength including 2.6 billion dollars in cash. This enabled us to increase our shareholder returns from 40 to 50 percent of our free cash flow and we have now returned over 950 million dollars and please to report that over the last six quarters we have now repurchased approximately 5% of our outstanding shares. Turning now to our growth projects. Our project pipeline is advancing as we continue to make strong progress across our mine life extensions and growth opportunities. In the U.S., The team continues to progress our three high-quality projects, SpaceX, Redbird, and Curlew. At Great Bear, both the advanced exploration and the main project are advancing well. In terms of AEX, we continue to make strong progress, advancing the north and south exploration declines are a combined total of over 500 meters of underground development completed to date. With respect to the main project, both detailed engineering and permitting are advancing well, and we remain on track with first production in late 2029. In terms of permitting, we continue to work closely with the authorities and are significantly advanced on the federal and provincial permitting process. And in parallel, we are actively engaging with the local communities and indigenous partners through regular community meetings, ongoing collaboration, and transparent communication, which Geoff will comment on later. Moving across to growth in Chile, last quarter, we provided an updated view of Lobo Marte, highlighting its strong production profile, low cost structure, and attractive economics. And in Q3, we continue to advance permitting, detailed engineering, and execution planning towards targeted first production in the early 2030s. Turning now to a few remarks on sustainability. In Q3, we continue to make meaningful impact Three highlights include our work with Trout Unlimited on the Purple Creek Restoration Project in Alaska, which focused on restoring waterways and fish habitat impacted by non-Kinross historic mining. We also supported recovery efforts following the Toke Wildfire in Alaska, including emergency assistance for families whose homes were rendered uninhabitable. And in Chile, we were proud to receive the Mining Foundation of Chile's award for commitment to territories and education, recognizing our support for education, training, and opportunities in the Atacama region. Turning now to our outlook, the broader portfolio continues to perform well. Operations at La Coypa and Round Mountain have stabilized, and we are firmly on track to deliver our updated production guidance of 1.84 to 1.86 million ounces. Looking ahead, we remain focused on the following. Safe operational execution. Cause management through productivity initiatives. delivering our great enhancement strategy, maintaining our strong financial position, disciplined capital allocation, and advancement of our high-quality resource base and project pipeline. With that, I'll now turn the call over to Andrea.