11/9/2023

speaker
Operator
Conference Operator

Good morning. Welcome to Weston Goldmine's Q3 2023 Financial Results Conference Call. I will turn the call over to Lindsay Dunlop, VP Investor Relations, to begin today.

speaker
Lindsay Dunlop
VP Investor Relations

Great. Thanks, Operator, and good morning, everyone. Welcome to Weston Goldmine's third quarter 2023 Results Conference Call. Before we begin today, we'd like to take this opportunity to remind everyone that during this call, we'll discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could cause outcomes to differ materially due to a number of risks and uncertainties, including those mentioned in the detailed cautionary notes contained in yesterday's press release and in the company's management discussion and analysis dated November 8th, 2023. Yesterday's release should be read in conjunction with the MD&A and financial statements, all of which can be found on CDAR Plus and on our website. Following the prepared remarks, we will open the call up for questions. All figures discussed on this call are in Canadian dollars unless otherwise noted. I will now turn the call over to Anthea Bath, President and CEO, to begin today.

speaker
Anthea Bath
President & CEO

Thanks, Lizzie, and good morning, everyone. With wonderful calls at Western computers, I continue to be impressed with the team and enthusiasm and the many opportunities and potential of these assets. Speaking on the call with me today will be our COO, Fred Longaway, Interim CFO, Jonathan Singh, and Deep Exploration, Michael Schoen. Before we get into the operational details, I'd like to begin with a brief overview. As we disclosed with our last quarter, Q3 was expected to be the lightest quarter from a production and cash flow perspective, while we completed planned shutdowns at Eagle River related to annual mill maintenance, along with some other infrastructure upgrades. As well, we spent approximately $30 million in capex in the quarter, mostly related to the planned production ramp Akina. I'm very pleased to say that post-Q3, access to the $120 million nine meter level has been achieved. And Fred will walk through this in a bit more detail a little later. With 87,119 ounces produced at the end of quarter three and a production uptick expected in quarter four, we are well positioned to meet the midpoint of annual guidance at 110 to 130,000 ounces and are all in sustaining cost of US dollars, $1,620 to $1,800 an ounce. With that, I'll pass the call over to Fred to walk through some operational details.

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