Orezone Gold Corporation

Thank you for standing by. My name is Pruella and I will be your conference operator today. At this time, I would like to welcome everyone to the Arizona Q2 2026 results webcast and conference call. 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. And if you would like to ask a question during this time, simply press the star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press the star one again. Thank you. I would now like to turn the conference over to Patrick Downey, President and CEO. You may begin.

Thank you, operator, and good afternoon, everyone. And thank you for joining us for Orzone's second quarter 2026 results conference call and webcast. Joining me today is Peter Tam, Executive Vice President and Chief Financial Officer. Before we begin, I ask everyone to take note of the forward-looking statements and other disclosures in slides two and three of the presentation and I'll start on slide four with an overview of the quarter. Q2 marked our first quarter operating as a multi-mine gold producer following the acquisition of Casa Berardi Mine in late March. At Bombori, we produced just over 38,000 ounces of gold during the quarter and as previously discussed, we expect a very strong second half at Bombori as we gain full access to the higher grade hard rock ore and that is happening in Q3. At Casa Berardi, we produced just over 20,500 ounces of gold in our first full quarter of ownership. Since closing the acquisition, our focus has been investing in the operation, particularly in underground development, equipment, and exploration, and we're making excellent progress in each of those areas. We also continue to advance a number of growth projects during the quarter. We released exploration results from both Bombori and Casa Berardi, highlighting the potential to continue growing the resource at both operations. Stage 2A at Bombory remains unscheduled for commission in October. And in Quebec, we're working towards the release of both the updated Casa Berardi Life of Mines study in September, followed closely by the Habohosco PEA later in the fall. With that, I'll turn it over to Peter to take us through the financial results.

Thanks, Patrick. In Q2, combined gold sales from our two mines was 60,654 ounces, reflecting the first full quarter of contribution from Casa Berardi, a step change in our sales and production profile moving forward. All in sustaining cost per ounce sold was $2,449 for Q2 and $2,371 for the first half of 2026, in line with our annual guidance range. EBITDA was $119.6 million for Q2 and $211 million for the first half of 2026. After removing the effects of the PPA adjustments from the CASA Variety Purchase Accounting for gold inventory sold and stockpiles processed in the quarter, adjusted EBITDA was higher at $134.4 million for Q2 and $228.7 million for the first half of 2026. Net earnings attributed to ozone shareholders was $45.2 million and $0.07 per share, while adjusted net earnings to ozone shareholders was higher again at $55.2 million and $0.08 per share with the removal of the PPA adjustments. Cash flow from operations was strong in Q2, with $109 million generated from the continued sale of gold ounces at a healthy all-in-sustaining cost margin approaching $2,000 per ounce. Operating cash flows were further aided by VAT recoveries in Burkina Faso of over $19 million in a quarter. We exited the quarter with cash of $96.7 million and bullion inventory with a market value of $21.2 million, a very healthy balance sheet. With the recent recovering gold prices in this past week and improved feed grades planned for both operations in Q4, cash flow generation should remain robust in the second half of 2026. We expect our liquidity outlook to further improve at year-end while at the same time continue to pay down our senior debt. With that, I'll hand it back to you, Patrick.