Artemis Gold Inc.

Welcome to the Artemis Gold third quarter 2025 results conference call. As a reminder, all participants are in a listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and then zero. I would now like to turn the conference over to Meg Brown, Vice President, Investor Relations. Please go ahead, Meg.

Thank you, operator. Good morning, everyone, and welcome. Thank you for joining our Q3 earnings conference call and webcast. It's an exciting milestone and a transformational time for Artemis Gold as we report our first full quarter of operations since declaring commercial production in May. Before we begin, I would like to remind everyone that certain statements made on today's call may be forward-looking, and we encourage you to refer to our public filings and disclosures, including the cautionary language in yesterday's news release, for a more detailed discussion on of potential risks and uncertainties related to these statements. I'll now hand the call over to our CEO, Dale Andres. Over to you, Dale.

Thanks, Meg, and thank you all for taking the time to join the call today. In addition to myself, we have our founder and executive chair, Stephen Dean, our president, Jeremy Langford, our CFO, Gerry Vander Westhazen, our recently appointed chief business development officer, Tony Scott, our Chief ESG Officer, Candice Alderson, and our VP Finance, Eric Marchand, on the call today with me. And we'll be available after the presentation for questions. Jerry and Jeremy will help present the highlights of the quarter. And I'll start on slide three with or slide four with our operating highlights. The third quarter was our first full operating quarter. since declaring commercial production in May 2025, and we recently delivered very strong operating and financial performance since that time. We produced 60,985 ounces of gold in the third quarter at an all-in sustaining cost of $840 per ounce. Our low-cost position coupled with continuing strong gold price environment that we find ourselves in translated into industry-leading all-in sustaining margins. Our all-in sustaining cost margin in the third quarter was US dollar $2,374 per ounce gold sold, which is equivalent to a margin of 72% of our cash revenue. The mine and mill operated well during the quarter. Mill throughput rates were 101% of design capacity for the quarter. and did average 105% in the August and September months. And both gold grades and gold recoveries trended higher as we continue to optimize the performance of the mill. We are pleased with how the operations team has delivered mining and milling rates beyond the design capacity in such a short period of time. We completed a three-day planned shutdown of the mill in July, which included work to rectify a number of design and construction deficiencies. Costs during the quarter were higher than initially planned, primarily as a result of higher reagent consumption associated with both ongoing circuit optimization and the processing of ore with transitional ore characteristics. as well as higher plant maintenance costs resulting from, in part, the rectification works, but as well targeted circuit improvements. We also recently recognized a major safety milestone with over $6 million hours worked without a lost time incident. This is a real testament to the dedication, care, and culture of our people, and safety has and will continue to be our top priority as an organization. Slide five shows an aerial view of the pit and things are going very well on the mining front. We are ahead of planned mining rates and we are seeing planned waste converting to low and medium grade ore. The pit walls are looking good and now we're focused on continuous improvement initiatives. One important tool for this continuous improvement journey that we're on is our short interval control meetings with real time mine equipment data. This does allow us to respond to operating issues and maximize equipment productivities as well, and importantly, to standardize and improve on our daily operating practices in the mine. And I've seen this in practice numerous times, and it's working really well. In the mill, we've made great progress and are consistently operating above the designed hourly and daily throughput rates. However, we are seeing more unplanned downtime than we anticipated. We have not come up against any firm bottlenecks yet, and we are working hard on improving reliability, which will enable us to achieve the 10% above design for a full quarter that we're aiming for, and we're aiming for that by the end of this year. In the mill, crushing circuit modifications have been a key focus area for us since initial mill startup. And as is common with new milling operations, we're continuing to adapt and optimize different aspects, including liner designs. A planned four-day shutdown was recently completed at the end of October, and that included the first full re-line of our ball mill, and that's a notable milestone for our operation. And with these new liners installed, this should also help the mill further improve throughput and grind size, and that carries through to recovery in our current quarter for November and December when compared to the previous months leading up to that liner change. We're also announcing an ore characterization program to improve our understanding of the variability of the deposit and implications on mill performance. as well as continuing to evaluate and refine reagent dosing to maximize recoveries and optimize our costs. On slide seven, our guidance, we are maintaining our full year production guidance of 190 to 230,000 ounces of gold produced. But we are expecting to come in in the lower half of that range. And that's primarily due to higher than anticipated mill downtime as we continue to uncover and rectify deficiencies, as I mentioned earlier, together with the lower than originally planned recoveries. On costs, we have revised our guidance to 800, and this is U.S. dollars, $825 to $875 per ounce gold sold. And that's up from our previous guidance of 670 to 770. And that's primarily a result of the lower sales with this expectation of being in the lower half of the production guidance range now, together with higher reagent consumption and unit costs in the mill and higher maintenance costs. We anticipate the elevated reagent and maintenance costs will decrease as we move into 2026. and as our optimization efforts progress and the identified deficiencies are rectified. We are making excellent progress on this. We remain in the lowest decile of gold producers globally with our new guidance range, and our all-in sustaining cost margin is solidly among the highest in the industry. I'd like to turn the call over to Jerry now to discuss our financials.