Orla Mining Ltd

Hello, everyone. Thank you for joining us and welcome to Orla Mining first quarter 2026 results. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Andrew Bradbury, Vice President, Investor Relations and Corporate Development. Please go ahead, Mr. Bradbury.

Thank you, Christine.

Welcome to Orla's first quarter 2026 results conference call. We will be making forward-looking statements during today's call, and I will direct you to slides two, three, and four of the presentation, which contain important cautionary notes regarding these forward-looking statements. All dollar amounts discussed today will refer to U.S. dollars unless otherwise indicated. The Orla executive team is on the call this morning. I'll pass it to Jason Simpson, President and CEO. Thanks, Andrew. Good morning, everyone. As we turn to slide five, the first quarter, 2026, has set a strong foundation for the year. We advanced several strategic, operational, and exploration initiatives across our portfolio, firmly positioning the company for immediate delivery and long-term value creation. Operationally, it was a strong quarter. we produced over 81,000 ounces of gold. Both assets are delivering steady, reliable performance, keeping us firmly on track to meet our full-year guidance of 340,000 to 360,000 ounces. At Muscle White, we are effectively balancing active ore processing with forward-looking development. We made significant progress on the 1080 exploration drift and are continuing to meet and increase production targets. On the exploration front, the results coming out of Muscle Way are exceptional. We have now confirmed the extension of high-grade mineralization from more than two kilometers down plunge, which reinforces our belief of a material extension of the mine's life. In addition to the success of our mine extension surface drilling, underground drilling continues to deliver strong results that support growth in reserves and resources. While near mine, surface drilling at Camp Bay is intersecting broad zones of shallow mineralization. Beyond the drilling success, we are also looking at the bigger picture, advancing a regional targeting program across our massive 65,000 hectare land package to unlock the next generation of opportunities. At Camino Rojo, we reached a major regulatory milestone with receipt of the environmental permit from Mexican authorities, allowing us to remain mine the remaining offside open pit and layback area while beginning construction of an underground exploration decline. This is a critical step in optimizing the current operation and moving forward with the next step of development for the Camino Rojo underground project. Beyond our operations, we are making large strides in advancing our next two growth opportunities. We are marching toward field mobilization at South Railroad in Nevada with our team growing fast. We expect to receive final permits mid-year, allowing us to move into full construction. In Mexico, we released a PEA for the underground project at Camino Rojo, a key step in unlocking the site's long-term sulfide potential. We delivered on production, de-risked our expansion in Mexico, and set the stage for our next mine in Nevada. Our pipeline of organic growth has never been stronger. At Orla, we are committed to maintaining the highest standards of integrity across our operations. Regarding the recent KUSMA rapid response labor mechanism determination, we are taking the panel's findings very seriously. We have been working closely with Mexican authorities since 2024 to reinforce labor protections. We are advancing a leadership-driven action plan that aligns with the panel's recommendations. Operational excellence is inseparable from the safety and well-being of our workforce. To that end, we are currently executing nine core initiatives designed to strengthen oversight and protection of fundamental worker rights. By collaborating with the relevant authorities and leaning into these concrete actions, we are ensuring that Camino Rojo is a safe, fair, and productive environment for all. Andrew Cormier, our Chief Operating Officer, will now discuss our operating performance.