Lundin Gold Inc.

Good morning, ladies and gentlemen, and welcome to the Lundeen Gold's Q Month 2026 Earnings Conference Call. At this time, all lines are in a 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 0 for the operator. This call is being recorded on Thursday, May 7, 2026. I would now like to turn the conference over to Jamie Beck, CEO. Please go ahead.

Thank you, operator, and good morning, everyone. Thank you all for joining us today. I'm joined by Terry Smith, our Chief Operating Officer, and Chester See, our Chief Financial Officer. We're going to take you through our results for the first quarter of 2026. Please note Lending Gold's disclaimers on this slide. The 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 Gold is a U.S. dollar reporting entity and all amounts in this presentation refer to U.S. dollars unless otherwise indicated. Q1 was a strong start to the year. At Fruity del Norte, we delivered solid operating performance, generated significant free cash flow, and continued to advance growth and expansion initiatives across the district. Importantly, this quarter reflects the front end of a back end weighted year, both operationally and in terms of grades. And we remain on track to deliver within our previous issued 2026 guidance. In the first quarter, we produced approximately 120,000 ounces of gold, selling just over 115,000 ounces. The mill processed nearly 497,000 tons at a record average throughput of 5,520 tons per day, reflecting continued optimization and strong plant performance. Costs were in line with expectations and our margins remained robust. We generated $370 million in operating cash flow, $349 million in free cash flow, and that increased our cash balance to over $700 million. And this is after paying quarterly dividends of $278 million. We've also declared a Q1 dividend of $1.21 per share, totaling approximately $293 million. Note that this reflects 100% of normalized free cash flow for the quarter, which is above the fixed component of our dividend policy. In addition to the cash dividend, we announced a silver stream for equity transaction with lunar royalties, which we expect to be distributed to shareholders as a dividend in kind following closing. Chester will speak to this in more detail later in the presentation. Beyond operations and cash flow, We continue to advance our growth pipeline, including ongoing work for our mine-to-mill expansion study, evaluating opportunities to increase throughput beyond 5,500 tons per day, while incorporating FDNS into the mine plan. In addition, we made meaningful exploration and conversion drilling progress, particularly at FDNS, FDN East, and FDN, where several standout drill results further reinforced the scale and quality of the district. With that, I'd like to turn the call over to Terry to discuss our operations in more detail.

Thanks, Jamie, and good morning, everyone. Before we turn to operational and financial results, I want to start where we always start, with our people. Nothing matters more than every employee and contractor at Fruta del Norte going home safe at the end of every shift. During the quarter, we recorded one lost time injury, our first in approximately 15 months, along with three medical treatment incidents. We take each of these seriously, and the lessons from each event are being shared and acted on across the operation. Our focus continues to be in the field, leadership visibility, hazard identification, and reinforcing the right and responsibility of every worker to stop a job that doesn't feel safe. Safety is and will remain our first priority. Turning to operations, the quarter reflected steady performance underground and continued momentum at the mill. We mined steadily and processed just under 500,000 tons at an average head grade of 8.4 grams per ton with recoveries of just over 89%. The plant delivered a new quarterly record of 5,520 tons per day building on the throughput gains we've achieved over the past several quarters. As Jamie mentioned, 2026 production will be back-end weighted. Output is expected to step down in the second quarter as we complete planned plant maintenance before recovering in the second half as higher-grade stoves come into the sequence. Based on Q1 results and our current forecast, we are reaffirming full-year guidance of 475,000 to 525,000 ounces The FTNS mine-to-mill study remains on track for completion by year-end. In parallel, we are prepared for underground development to start towards the FTNS deposit. We are also encouraged by the exploration results we released earlier this week, which included the highest-grade intercepts ever recorded at FTNS and continue to reinforce our confidence in the deposit. Now, over to Chester to speak to the financials.