OceanaGold Corporation

Good morning, ladies and gentlemen, and welcome to the Oceania Gold Corporation Q3 2025 earnings call. At this time, all lines are in lesson-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, November 6, 2025. And I would now like to turn the conference over to Hayley Mayers. Thank you. Please go ahead.

Good morning and welcome to Oceana Gold's third 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, and Bhuvanesh Malhotra, Chief Operating Officer. The presentation that we'll be referencing during the conference call is available through the webcast and 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, Hayley, and good morning, everyone. The third quarter was a solid one, in line with our expectations, where we safely and responsibly executed to plan. We are now in high-grade awe at both Hale and McRae's, which is why we expect the fourth quarter to be the strongest of the year. This also underpins our confidence in meeting full-year guidance, lowering our unit costs, and generating significant free cash flow in this fourth quarter. As a fully unhedged gold producer, we continue to benefit from today's favorable gold price environment. Most of the gain in average realized gold price was converted to the bottom line, and we delivered yet another strong quarter of free cash flow generation to the tune of $94 million. We have a superb balance sheet with zero debt, and cash of $335 million, up 12% from the last quarter. This increase in cash is after investing in our business and after the $46 million of capital returned in both dividends and buybacks during the quarter, reflecting our disciplined capital allocation framework. Our balance sheet strength provides us the flexibility to continue investing in our organic growth pipeline, which remains a focus for us. I'm pleased to say that the early works construction activities at the Waihi North project are progressing well and we remain on track for fast track permanent approval of this project by year end. We are very much focused on maximising shareholder returns and this third quarter was one in which we generated strong free cash flow ahead of market expectations, increased our cash balance and returned a record amount of cash in the quarter to shareholders via dividends and buybacks. As of today, we have completed $100 million of share repurchases this calendar year at an average price of $19.64 Canadian per share. I'm pleased to say that the Oceania Gold Board has approved a substantial 75% increase in our share buyback program for this 2025 year, raising the total amount of planned buybacks up to $175 million. Widening the lens, I want to highlight just how focused we are on generating and sustaining an attractive return on capital. Our rolling 12-month return on capital employed is 17% over the last 12 months. Over the same period, we've delivered $422 million of free cash flow, which represents a free cash flow yield of approximately 15% on our average market capitalization over that same period. Both of these metrics demonstrate how we are executing well, how we are successfully converting the strong gold price into bottom line results, that we're generating significant free cash flows, and that we are deploying capital effectively. Looking ahead, we're confident that the fourth quarter will be our strongest of the year from a production standpoint, and we remain on track to meet our 2025 full year guidance. Our consolidated gold production at the end of the third quarter represents 70% of the midpoint of our guidance range, in line with plan, while our year-to-date oil and sustaining costs is at the top of the guided range. The projected strong fourth quarter production is expected to drive our oil and sustaining costs back within our full-year guidance range, which is exactly how we always expected this year would play out. Total capital investment is expected to be in line with guidance. Sustaining capital and growth capital expenditures are anticipated to be higher in the fourth quarter, including further spending on early works associated with the Waihi North project. In summary, we are pleased with the strong operational and financial performance year-to-date, and looking forward, we remain confident that we're well-positioned to achieve full-year guidance, progress our growth options, and continue to increase returns to shareholders. I'll now turn the call over to Marius, who will discuss our financial results in detail.