OceanaGold Corporation

Good morning, ladies and gentlemen. Welcome to a Shana Gold Corporation Q2 2025 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 zero for the operator. This call is being recorded on Thursday, August 7, 2025. I would now like to turn the conference over to Haley Mayers. Please go ahead.

Thank you. Good morning, everyone, and welcome to Oceana Gold's second quarter 2025 operating and financial results webcast and conference call. I'm Haley Mayers, Vice President of Investor Relations. We are joined today by Jared Bond, President and Chief Executive Officer, Marius van Niekerk, Chief Financial Officer, Bhuvanesh Malhotra, Chief Technical and Project Officer, I'm Peter Sharpe, Chief Operating Officer, Asia Pacific. The presentation that we'll 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 during 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 US dollars. I'll now turn the call over to Jared for opening remarks.

Thank you, Hayley, and good morning, everyone. I'm really pleased with our strong performance this quarter, with our continued solid execution keeping us well positioned to deliver on our full-year guidance. Most importantly, the second quarter was another safe quarter for Oceania Gold. Our key safety programs have helped keep our people safe, which remains the number one priority within our business every single day. We achieved a solid production and cost performance in line with our full-year guidance. This drove record net profit, record earnings per share, and strong free cash flow, which were all well ahead of market expectations. As a fully unhedged gold producer with no gold price hedges or prepay agreements, we also continue to benefit from substantial upside in today's favourable gold price environment. Most of the gain in record average realized gold price was converted to free cash flow, where we delivered yet another strong quarter of $120 million. This has resulted in a distinctly high free cash flow yield of 18% on a trailing 12 month basis, which I'll speak to you later in a later slide. We have a strong balance sheet with zero debt and increased our cash position by 31% from last quarter. finishing the quarter with approximately $300 million in cash. Open pit waste stripping investment is advancing as planned at Hale, Leadbetter 3 and Macrae's Inners Mills 8, setting us up for both a strong fourth quarter this year and a strong 2026 as we unlock access to the next all phases at our two largest sites. During the quarter, we also made significant progress on our organic growth opportunities. Our permitting application for the Waihi North project in New Zealand is advancing through the process and we continue to expect approval by the end of this year. And for those of you who may have missed it, the Fraser Institute's recently released Investment Attractiveness Index for Global Mining recorded a step change improvement by New Zealand and the Philippines as places for mining companies to invest and operate in. Specifically, New Zealand's moved up to 12th place out of 82 jurisdictions, which puts it above every state in Australia, up from 43rd position last year. The Philippines has risen to 16th from 72nd. This is testimony to the improvement in government policy and support of the mining industry in those two countries, which is appreciated by us and our shareholders given our growth options in both countries. Consistent with our disciplined capital allocation framework, I'm pleased to note that we're able to continue to fund our growth and exploration projects, maintain a very strong balance sheet, pay a dividend at our recently increased level, and on top of this, continue to make share repurchases during the quarter. And we expect to continue to do so throughout the remainder of this year and beyond with our recently renewed and expanded buyback program. We continue to advance towards our goal of listing on the New York Stock Exchange in the first half of 2026. having now completed the share consolidation during the quarter. We're of the view that a New York Stock Exchange listing will provide enhanced trading liquidity and access to a wider range of potential investors, both of which will benefit existing Oceania Gold shareholders. Widening the lens, I want to highlight just how well we are generating a return on capital. Over the last 12 months, we've delivered $401 million of free cash flow, which represents a free cash flow yield of approximately 18% on our average market capitalization over the same period. And our rolling 12 month return on capital employed has continued its upwards trajectory this quarter, sitting at 15% over the last 12 months. Both of these metrics reflect that we're converting the strong gold price to the bottom line, generating strong returns and deploying capital effectively. Both these ratios compare very favourably to our peers and show the value in our stock. Looking forward, we remain well on track to meet our 2025 full-year guidance. On a year-to-date basis, our consolidated gold production is around the midpoint of our guidance range, while our AISC performance is tracking towards the lower end of our guidance range. In the second half of the year, we continue to expect strong performance across all sites with a particularly strong fourth quarter from both Hale and Macraes. Total capital investment is expected to be in line with guidance. Sustaining capital is expected to be higher in the second half of the year, mainly relating to open pit stripping and infrastructure investment. In summary, we are pleased with the strong performance in the first half of 2025 and looking forward We remain confident and well positioned to achieve our full year guidance for production, cost and capex. I'll now turn the call over to Marius who will discuss our financial results in more detail.