OceanaGold Corporation

Good morning, ladies and gentlemen, and welcome to the Oceana Gold Corporation Q3 2024 Earnings Conference 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 need assistance, please press star zero for the operator. This call is being recorded on Thursday, November 7, 2024. I will now let you turn the conference over to Rebecca Henry. Please go ahead.

Good morning and welcome to Oceana Gold's third quarter 2024 results webcast and conference call. I'm Rebecca Inari, Director of Investor Relations. We are joined today by Jared Bond, President and Chief Executive Officer, Mary Sainikirk, Chief Financial Officer, David Londano, Chief Operating Officer, Americas, and Peter Sharpe, Chief Operating Officer, Asia Pacific. The presentation that we will be referencing during the conference call is available through the webcast and on our website. I would also like to remind everyone that our presentation will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes included in the presentation, news release, and MD&A, as well as the risk factors set out in our annual information form. All dollar amounts discussed in this conference call are in U.S. dollars. I will now turn the call over to Jared for opening remarks.

Thank you, Rebecca, and thanks, everyone, for joining the call today. I'm pleased to say that Oceana Gold's third quarter results were excellent from a production, financial and growth perspective. In total, we produced 37% more gold at a lower all-in sustaining cost quarter on quarter. All four operations delivered higher production at lower unit costs. This increase in gold production includes record quarterly production from hail, which powers a significant reduction in hail's all-in sustaining costs and its strong free cash flow delivery. Together with record average realized gold prices, Oceana Gold generated an outstanding $66 million of free cash flow for the quarter. This free cash flow does not include 10,000 ounces of gold produced but not sold during the quarter. A free cash flow margin of around $490 per ounce was derived on an average realized gold price of around $2,500 per ounce. The gold price has since moved higher. We're expecting the fourth quarter to be our strongest for the year from both a production and cost perspective. So we are also expecting another strong quarter of free cash flow generation. Our cash flow was deployed in line with our capital allocation framework in which we were able to self-fund our exciting exploration growth opportunities, repay debt and buyback shares under our new buyback program. We also paid our semi-annual dividend in October. In relation to exploration, during the quarter, we shared some exciting drill results at Hale, where we had a number of incredibly high-grade intercepts. Our exploration program also confirmed increased mineralization at the high-grade WKP deposit. And during the quarter, we were delighted to see that the Waihi North project, which includes the WKP deposit, is included on the New Zealand government's list of projects being considered for fast-track consenting. We are progressing the Waihi North project pre-feasibility study and are on track to finalizing it by year end. And we look forward to sharing the outcomes of this. Finally, and most importantly, we've made good progress on our safety improvement plan, following the two fatalities at the DPIO as previously reported. The safety of everyone working at Oceania Gold is the highest priority. And we are focused on improving the effectiveness of our two core safety programs, increasing hazard identification training, particularly in relation to stored energy, and we have increased the level of the infield safety coaching at the DPO. Our people have worked hard to deliver the operational and financial results we are reporting today. We are all committed to this being done safely. I'll now turn the call over to Marius who will discuss the financial highlights.