Mineros S.A.

Buenos días y bienvenidos a nuestra presentación de resultados financieros y operativos de Mineros S.A. correspondientes al segundo trimestre del año 2025. Mi nombre es Diana y seré su operadora para la llamada de hoy. En este momento, todos los participantes se encuentran en modo de escucha. Al final de la presentación, habrá un espacio de preguntas y respuestas en la plataforma web únicamente. Por favor tengan cuenta que esta teleconferencia está siendo grabada. favor de considerar que la teleconferencia del día de hoy se llevará a cabo en español con interpretación simultánea en inglés. Le recordamos que si tienen dificultades para visualizar la diapositiva en la parte web, maximicen la ventana llamada diapositivas. A partir de este momento, le cedo la palabra a Juan Camilo Bando, director de relación con inversionistas. Señor Juan Camilo, tiene usted la palabra.

Muchas gracias y muy buenos días para todos. To listen to this call in English, please follow these two steps. First, identify the box that says English and click on Start. Then, to avoid listening to both languages at the same time, identify the box that says Media Player and click on Mute. We remind you that this call may include prospective information. The real results may vary due to the risks inherent to mining. During this presentation, we will refer to various financial metrics that are not standards according to NIFO. For a detailed explanation of these measures and their calculation, you can consult section 10 of our MD&A available in the investors section under the financial reports menu on our website. Today, David Londoño, CEO of Mineros, Sergio Chavarría, Financial Manager, Santiago Cardona, Vice President of Colombia, and Nivaldo Díaz, Technical Vice President of Business Development, Manuela Botero, Legal Director, and additionally, David Splett, CFO of Mineros, Luis Fernando Villa, Vice President of Nicaragua, and Ann Wilkinson, Vice President of Relations with Investors. With this, I give the floor to David Londoño, CEO of Mineros.

Thank you, Juan Camilo. Good morning and thank you for joining us today. In today's conference, we will present the most outstanding aspects, followed by the financial results of the quarter, our operating results, a review of each operation, and finally, what are our challenges and opportunities. Let's start then with the relevant facts. For the second quarter of 2025, we highlighted our gold production of approximately 54,000 ounces. This performance reflects the operational consistency of our mines in Colombia and Nicaragua, reinforcing our continuous effort to maintain stable and reliable production levels. Our gold production reached 108,150 ounces during the first six months of the year, This represents an increase of 3% compared to the 105,000 ounces that were produced in the first semester of 2024. But what is most important is that this production was safely achieved. As for our silver production, we produced a little more than 70,000 ounces in the second quarter and during the first six months we achieved a production of about 148,000 ounces. We paid dividends for a amount of 7.5 million dollars in the second quarter and in the course of the year we have paid a total of 14.9 million dollars. We also want to highlight that in the second quarter we ended negotiations with the unions of Nicaragua and Colombia. Thanks to constructive dialogue, we have signed labor agreements that reflect our commitment to the creation of shared value and that will be in force for the next two years. As for our exploration and growth programs, we have had significant advances both in the Guillermina deposit and in the project to come. Likewise, Recently, we announced the acquisition of 100% of the PEPA project in Chile, in which we already had a participation of 20%. This transaction was achieved through the purchase of the remaining 80% to Pan American Silver. Later, we will provide more details about this acquisition. Finally, we continue to advance in the restructuring of the stock purchase program. As we have already mentioned, the shareholders' assembly approved on March 31 a resolution proposed by the shareholders that authorizes the company, at the discretion of the board, to buy back its shares up to a total amount of a maximum of 12 million dollars in a period no longer than two years, that is, until March 31, 2027. This approval granted our directives the flexibility to carry out one or more re-acquisition offers at their discretion, subject to the rules and regulations applicable in Canada and Colombia. Currently, we are advancing in the design for the implementation of the program and we will be announcing in a timely manner to the market any news about it. As we will see later, our great operational performance is directly translated into excellent financial results. These results not only reflect our efforts focused on operational efficiency and the solidity of our mines, but also our capacity to generate value consistently and safely. We are very optimistic about the company's direction and we will continue to work to maintain this growth and success center. We now move on to review the behavior of gold. During the second quarter of 2025, the price of gold continued to show a positive performance. The closing price of the quarter was $3,303 per ounce, which represents an increase of 6.1% compared to the closing price of the first quarter of 2025, which was $3,113 per ounce. The average price for the quarter was $3,289 per ounce. This behavior is reflected in our results and we will continue to work to maintain attractive margins in our operation. With this, I will give the floor to Sergio Echavarría, who will explain our financial results.