Orla Mining Ltd

Good morning ladies and gentlemen and welcome to Orla Mining's conference call for the third quarter 2022. My name is Rob and I will be your conference operator today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again press the star one. Please be advised that this call is being recorded. I would now like to turn the meeting over to Andrew Bradbury, Vice President of Investor Relations and Corporate Development for Orla Mining. Please go ahead, Mr. Bradbury.

Thank you, operator, and welcome to Orla's third quarter 2022 results conference call on what is Remembrance Day. During today's call, we will be making forward-looking statements. I would direct you to the first and second slides of the presentation. which contains important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will refer to U.S. dollars, unless otherwise indicated. On the call this morning is ORLIS executive team, including President and Chief Executive Officer Jason Simpson. Jason, over to you. Thanks, Andrew. Today, as we should every day, remember those who volunteered sacrificed, served, fought and died for our freedom. Orla's team will be observing a moment of silence at 11 a.m. Eastern Time. Orla has a unique combination of quality assets, team and partners and today we will walk you through another strong quarter delivered by our team. First, The people at Orla Mining have kept each other safe and healthy for another quarter. That is what I am most proud of. They continue to be diligent against the COVID-19 virus and our new mine in Mexico just surpassed 1 million hours without a lost time injury. Here are the other key events for the third quarter. Operations at the Camino Rojo mine continue to perform well. This startup performance has enabled us to increase our 2022 annual production guidance to between 100 and 110,000 ounces. We also continue to manage costs in this inflationary environment, and Camino Rojo Mine remains an industry cost leader. This continued operating strength is bolstering cash generation and our balance sheet this foundation will provide financial flexibility as we advance our pipeline during the quarter we also completed the acquisition of gold standard ventures the owner of the south railroad heat bleach project located on the carlin trend as well as the lewis property on the battle mountain trend in nevada this acquisition diversifies and strengthens our portfolio. We are pleased to welcome the Gold Standard team and we continue to advance the permitting toward another producing mine. I'll now hand it over to Andrew Cormier, our Chief Operating Officer, who will provide an operating update.

Thank you, Jason. During the quarter, site activities continued to focus on optimizing the mine, crushing, stacking, and the process plant operations. Mining rates have steadily increased to 2.1 million tons of ore were mined at a stripping ratio of 0.91 and an average volt grade of 0.77 grams per ton, in line with the mine plan. We stacked 1.8 million tons at an average full grade of 0.88 grams per tonne, which equates to an average daily stacking rate of 19,200 tonnes per day for the quarter, the second consecutive quarter above the main plate capacity of 18,000 tonnes per day. During the quarter, we produced nearly 29,000 ounces of gold, bringing the year-to-date total gold produced to just under 78,000 ounces. As a result of the strong gold production, guidance for the full year has been increased to 100,000 to 110,000 ounces from 90,000 to 100,000 ounces of gold. Mined ore tons are reconciling well to the block model and process recoveries to date are in line with the medical recovery model. We continue to see the conversion of model blocks of waste tons to ore in the upper benches of the pit. I will now pass the call to Eti Amore, Arora's Chief Financial Officer, to discuss the financial results for the quarter.