Lundin Gold Inc.

Good morning, ladies and gentlemen, and welcome to the London Goals third quarter of 2024 result call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star followed by zero for the operator. This call is being recorded on Friday, November 8, 2024. I would now like to turn the conference over to Ron Hochstein, President and CEO. Please go ahead.

Thank you, Dion, and good morning, everyone.

Thank you for joining us today. I'm joined by Terry Smith, Chief Operating Officer, and Chester See, our Chief Financial Officer. We're going to take you through our results for the third quarter of 2024. Please note, Lending goals disclaimers on this slide. This discussion includes forward-looking information. Actual future results may differ from expected results for a variety of reasons described in the caution regarding forward-looking information and statements section of our press release. Lending goal is a U.S. dollar reporting entity and all amounts in this presentation refer to U.S. dollars unless otherwise indicated. Lending gold achieved another strong quarter highlighted by record cash generation revenue and adjusted EBITDA, which was supported by a strong gold price. Cash flow from operations was $218 million, and adjusted free cash flow was $182 million. Record quarterly revenues of $323 million were realized during the third quarter from the sale of 125,887 ounces and an average realized gold price of $2,615 per ounce. From this, adjusted EBITDA and adjusted earnings of $220 million and $136 million respectively were achieved. Also a record. The strong financial performance was underpinned by gold production this quarter of 122,154 ounces, driven by recoveries of 86.8%, high average mill throughput of 4,623 tons per day, and average mill head grade of 10.3 grams per ton. Having produced approximately 367,000 ounces for the year at the end of the third quarter, Lending Gold is on track to achieve the upper end of its production guidance of 450 to 500,000 ounces. For Q3, the cash operating costs was $681 per ounce sold and all in sustaining cost was $877 per ounce sold. ASIC has trended toward the upper end of guidance due to higher sustaining capital expenditures. Operational excellence initiatives continue to reduce operating costs offsetting the impact of higher gold prices resulting in higher royalties and profit sharing for which the portion attributed to employees is recorded in operating costs as well as higher diesel consumption due to the operation of our existing power generation units to reduce our power consumption from the national grid. As a reminder, we set our guidance for the gold price assumption of $1,900 per ounce. Due to royalties and profit sharing, every $100 per ounce increase to the gold price results in an increase of approximately $10 to the cash operating cost and ASIC per ounce sold. With respect to exploration, the company is on track to achieve a minimum of 80,000 meters of drilling for the year across the conversion, near mine, and regional drill programs. Exploration activities during the quarter continue to yield positive results, which demonstrates that the true potential of FDM has yet to be fully discovered. At FD&S, delineation drilling continues to confirm the continuity of a new high-grade vein system with some of the best drill intercepts achieved to date. Conversion drilling has successfully concluded for the year and has defined several wide, high-grade mineralized zones that we expect to convert from mineral resources to mineral reserves as part of our updated resource estimate planned to be issued in the first quarter of next year. Both programs continue to highlight great potential for additional mineral reserves at FDM. At Bonsaiur, we have drilling results pending, and I look forward to disclosing these in the near future. With that, I'd now like to turn the call over to Terry.