Heliostar Metals Ltd.

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the Heliostar second quarter 2026 results 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. Analysts are welcome to ask questions both through the webinar link as well as on the phone line. To ask a question through the webcast, simply type your question in the box on your screen. to ask a question on the telephone simply press star then the number one on your telephone keypad. I'd now like to turn the conference over to Stephen Soock, Vice President of Investor Relations and Development. Please go ahead.

Good morning everyone and thank you for joining us for our Q2 results conference call. On the line with us today are CEO Charles Funk, CFO Vitalina Lyssoun, and COO Gregg Bush, who is having minor technical issues but should be back with us briefly. Today we'll cover our financial and operating results for the three months ended June 30th, or Q2 as we'll refer to them. We will, of course, be making forward-looking statements. Please review our Safe Harbor statement at your leisure. And with that, I'll pass it over to Charles. Charles, please take it away.

Perfect. Thank you, Stephen. I'm very pleased to report another strong quarter for us as a company. I think it's a real, you know, the first half of this year has been about steadily progressing on our plan to make sure we can produce steady state cash flow from our existing assets with a view to Annapoola and our broader growth profile. We love to start with the slide that's basically the philosophy that we build our company with. We aim to be a 500,000 ounce a year gold producer at the end of this decade and we think every quarter that we put together such as Q2 helps us achieve a step closer to this goal. As we move forward to the quarter, you can see the breakdown here. We had record gold production of just under 15,000 ounces of gold, record silver production at just under 80,000 ounces of produced silver. That resulted in $31.1 million of mine operating earnings, net income of $8 million after our taxes, expirations and spends at Annapoola. I think one of the notable features of the quarter is the cash build continues it's a record cash number of 43 million dollars for us as a company and that includes after the 10 million dollars initial payment for the gold strike acquisition that happened in the quarter so we're able to continue to build our cash which we aim to put towards the Annapoola construction the result of the acquisition of Goldstrike did lead to the majority of the decrease in our working capital, still a very happy $46 million as we set up to continue progressing the build that we need for our cash profile this year and the advancement of Annapoola. If I move forward to our portfolio, we'll provide an update on the injection leaching and the success that that's driving in production at La Colorada. We're also about to restart the stripping of the Veda Madre pit, which will provide the bulk of our production next year at La Colorada. Provide an update on San Augustine, which NAMM mines reached steady state this quarter. We were ramping up in Q1 and you see a 49% production increase quarter over quarter as San Augustine hit steady state mining the corner reserve. We look forward to providing an update on Annapoola as we progress with our feasibility study and some key permits we plan to submit. And then we'll touch on the gold strike acquisition that closed in the quarter as well. So love seeing the step up this year. We produced about 30,000 ounces of gold last year, if you look at the cumulative 2025 quarters. Our guidance is 50 to 55,000 ounces this year and you see that step up quarter over quarter. The step up from Q1 to Q2 was principally led by seeing a full three months of production at St Augustine as opposed to the two months we saw in Q1. Our sales fairly closely tracked our production. Our year-to-date cash costs at $16.30 show that the mines are low-cost producers. And I think if you see some of the mid-tier ASIC numbers for Q2, you'll see that we've compared extremely well to those. Our corporate ASIC is just above our guided range at $21.55. Three, I think, drivers to that in total. The most significant was an option grant that's a one-off in the quarter that we do annually as a company. We expect that to normalise across the year. We had a slight increase in production costs at LaColorada as we did additional injection leaching preparation work that we will see the benefit of in the back half of the year. and we also got a slightly reduced silver credit change in timelines of silver payments meant that not all the silver credits attributable to the quarter will come into the quarter and that led to the net result that year to date is $21.55. Probably as Vitalina will touch on shortly, we expect to meet our production profile guidance for the year and in and around the top end of our cost guidance range. I touched on the drivers and I'll repeat the key drivers for the quarter was St Augustine up and running at steady state and continuing to achieve success from the injection leaching at the Colorado. I'll hand over to our CFO Vitalina Lyssoun to present the financial results in greater detail.