Orla Mining Ltd

Good morning ladies and gentlemen and welcome to Orla Mining's conference call for the third quarter 2023 results. My name is Chris and I'll 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'd like to ask a question during this time simply press star followed by the number one on your telephone keypad. If you'd like to withdraw your question please press the pound key. Please be advised that this call is being recorded. I'd like to turn the meeting over to Jason Simpson, President and Chief Executive Officer of Orla Mining. Please go ahead, Mr. Simpson.

Thank you, operator, and welcome to Orla's third quarter 2023 results conference call. We will be making forward-looking statements during today's call, and I direct you to the first and second slides of this 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. Our third quarter was highlighted by an environmental management, including a safety award Andrew will highlight. Continued operational and cost performance at Camino Rojo. As a result of our continued outperformance at Camino Rojo, we have increased our 2023 production guidance. testament to our team's continued execution as well as the strength of the asset because of our cost management and the strength of operations we continue to generate strong cash flow and strengthen our balance sheet our net balance at quarter end stood at three million dollars i'm also pleased to communicate that we renewed our collective bargaining agreement with our team in mexico a vote of confidence for the strength of our relationship with this team. We continue to systematically work through our extensive exploration program with a focus on Mexico and Nevada, which will support our growth ambitions. The ongoing events in Panama are something I'll discuss on this call. We have the full executive team on the call to provide specific updates. Over to Andrew Cormier, our Chief Operating Officer, for the Q3 operational update.

Thank you, Jason. The third quarter was marked by continued strong mining and processing performances at Camino Rojo. We did this while maintaining the health and safety of our team. This year, Camino Rojo was awarded the 2022 Silver Helmet Award for open-fit mining. by the Mexico Mining Chamber, ChemMex. This award is the highest award in the Mexican mining industry, recognizing companies and workers for safety at their operations. 1.8 million tons of ore was mined at a strip ratio of 0.59 and an average grade of 0.81 grams per ton gold. The average grade of ore processed during the quarter was 0.85 grams per tonne gold. An average stacking rate of 19,205 tonnes per day was achieved, another quarter above plant nameplate capacity. Mine ore tonnes and grade are reconciling well to the block model, and processing recoveries remain in line with the metallurgical recovery model. Gold production in the third quarter was a record, with 32,425 ounces of gold poured. Subsequent to quarter end, October was our record month for gold production with 11,760 ounces of gold produced. We are well on track to achieve our increased guidance range of 110 to 120,000 of ounces of gold. Based on laboratory column tests, we made some adjustments to our crushing circuit and decreased our final product size during the quarter. The initial operational impacts to recovery have been positive and we will continue to monitor the results. Stay tuned for future updates on this initiative. As previously mentioned, we are mining less waste than initially planned this year as we await permit amendments from the Mexican Authority. We've had some positive indications from Semernet and we hope to have amendments in hand by year end which will allow us to start mining in these areas in early 2024. I will now pass the call over to Eti Amore, our Chief Financial Officer, to discuss the financial results for the quarter.