There will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Ryan King, Senior Vice President of Corporate Development and IR. Please go ahead. Thank you, operator. Good morning, everyone, and thank you for taking the time to join the call this morning. Before we get started, I'd like to direct everyone to our forward-looking statements on slide two. Our remarks and answers to your questions today may contain forward-looking information about the company's future performance. Although management believes that our forward-looking statements are based on fair and reasonable assumptions, actual results may turn out to be different from these forward-looking statements. For a complete discussion of the risks, uncertainties, and factors which may lead to actual operating and financial results being different from the estimates contained in our forward-looking statements, please refer to the Q1 2023 MD&A and consolidated financial statements available on our website, as well as on SEDAR+. All figures are in US dollars unless otherwise stated. Present today with me on the call are Darren Hall, President and Chief Executive Officer, David Splett, Senior Vice President and Chief Financial Officer, and Tom Gallo, Senior Vice President, Growth. We will be providing comments on our first quarter 2023 results, after which we'll be happy to take questions. The slide deck we will be referencing is available on our website at calibremining.com under the Events section. You can also click on the webcast to join the live presentation. With that, I'll turn the call over to Darren. Thanks, Ryan. Moving to slide three. Good morning, and thank you for taking the time to join us today. I would like to start by thanking all of Calibre's employees and business partners for their continued support, which resulted in a record-breaking quarter, pleasingly led by a 50% reduction in the company's Total Recordable Injury Frequency Rate. I'm very pleased with our first quarter performance, responsibly delivering a record 65,750 ounces at a Total Cash Cost of $1,164 per ounce and an All-In Sustaining Cost of $1,302 per ounce. Our first quarter production and costs are in line with budget, and our balance sheet remains strong with $61 million in cash. During the quarter, we continued to strengthen our position as a growing mid-tier producer, expanding our hub-and-spoke operations to include the high-grade Pavón Central open pit, which commenced ore delivery to the Libertad mill ahead of schedule. Additionally, we have commenced mining operations at the Guapinol open pit located at Eastern Borosi, successfully transforming the exploration district to a production center. Ore deliveries to Libertad are scheduled to commence later this month. Given our Q1 performance, progress at both the Pavón and Eastern Borosi districts, we are well positioned to reaffirm our 2023 guidance of 250,000-275,000 ounces at an All-In Sustaining Cost of $12.75 per ounce. Looking to the future, I remain confident in our ability to grow the business given our portfolio of quality assets. At the 2 million ounce Golden Eagle deposit in Washington, recent drilling has confirmed broad widths of gold mineralization. We've recently commenced a comprehensive metallurgical program. At Pan in Nevada, the 2022 drill program led to a 23% increase in reserves net of production depletion and a new discovery. We have recently commenced a 25-km drill program, largely focused on resource growth. At Gold Rock in Nevada, our 2023 drilling program is focused on following up on higher-grade sulfide gold mineralization discovered in 2022 and pursuing near-surface oxide expansion opportunities. Concurrently, we are progressing state permitting and advancing technical studies to determine the optimal strategy for our Nevada operations. Given our exploration success and demonstrated ability to convert discovery to production, the company is well positioned to create additional shareholder value by leveraging the 1 million tons of surplus mill capacity available at Libertad. Turning to slide four. This year's Nicaraguan exploration program is focused on discovery and resource expansion opportunities at Eastern Borosi, Libertad, and the VTEM Gold Corridor and Talaveras targets at Limón. I'm particularly excited about the potential of the VTEM Gold Corridor, given the discovery made at Panteón North a year ago and the 9.4 gram, 244,000-ounce maiden reserve announced at the end of 2022. First pass step-out drilling along the VTEM Gold Corridor reveals another high-grade gold zone 1.5 km to the north, at which drilling is currently underway. Moving to slide five. Given our track record over the last three years to responsibly self-fund discovery and expansion of resources, grow production, build reserves whilst concurrently building cash. We believe that Calibre continues to present a compelling investment opportunity. With that, we're happy to take questions. Back to you, operator. Thank you. As a reminder, to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by as I compile the Q&A roster. One moment, please. Please stand by for our first question. Our first question comes from the line of Farooq Hamed at Raymond James. Your line is open. Hi, good morning, everyone. Darren, just a question for you, I guess just more on strategy. You know, when we were out at site in March, you know, I think it was fairly evident to see hub-and-spoke model is working very well, and you have some, you know, capability to, you know, potentially, you know, expand the haulage that you're doing to Libertad. You know, the company has net cash. You're generating free cash flow. You know, the question always that comes up is, you know, the reserve life and the amount of reserves in inventory. I'm just wondering strategically, how do you know, feel about acquisition targets in Nicaragua that would, you know, kind of fit hub-and-spoke model? Do you see there being a kind of a robust environment of potential acquisition targets in Nicaragua? Is that something that you want to focus on, given the strong financial position and, you know, shown capability of doing, of, you know, hub-and-spoke model, or is it primarily still gonna be organic growth focused? Yeah. Good morning, Farooq, and thanks for the call and participating in the, in the site visit there just a month or two ago. You know, I think as we've demonstrated over the last three years, you know, we've responsibly grown the strategy. Now with the introduction of Eastern Borosi into the fold, as we commission that property and increase our rates of delivery here over the next quarter or two, I think what we've demonstrated is the ability to take material from anywhere in Nicaragua to one of our processing facilities. Our primary objective will be to grow that business organically. You know, we've demonstrated exploration success over the last few years. With the proven concept there hub-and-spoke, we can now look further afield from a, kind of a grassroots exploration perspective. Clearly it opens up the opportunity for the inorganic growth as well. You know, as we look to creating shareholder value, however best to do that, if there's things that we can accretively bolt on, then we will look at doing that. You know, with the demonstrated practice, it really means that anything within Nicaragua is open for consideration. Maybe, Darren, if I, you know, push you a little bit further on that, what's the environment like in Nicaragua to make potential acquisitions? Would you have any regulatory issues, or would it be open for you guys to be able to do that? Anything like antitrust or anything like that would, you'd have to be worried about? No. I mean, the same complexities, you know, exist in Nicaragua with doing a deal as any jurisdiction in terms of, you know, ensuring that it makes sense and that the, you know, and you can actually come to a deal. From a regulatory external perspective, I mean, you know, we've got demonstrated support from the communities. There is a strong demand within the country for us to get involved in things because we have good support and people like the way we operate. There is very much a push. From a regulatory perspective, there's nothing that I'm aware of from a antitrust or any perspective. No. We see continued good support throughout the government for what we do and how, because of how we're doing it. Yeah, in short, no issues there, Farooq, that I'm aware of. Okay. No, thanks for that. Maybe the last one from me. I think in Q1 2023, you quoted that you averaged something like 2,400 tons per day of haulage to the Libertad mill. I think somewhere in that ballpark. Can you talk a little bit about what the potential would be given the road infrastructure, given, you know, you're expanding the number of satellite sites to which you're, you know, from which you're hauling to Libertad. What would, you know, what do you see as, you know, maybe in the next six or 12 months as the potential of where you can maybe move your hauled tons to Libertad? Yeah. No, you know, I think as we, as we add on Eastern Borosi as another mining spoke delivering to the processing facility of Libertad, you know, we've consistently demonstrated, you know, it's very easy for us to be able to deliver 1,000 ton a day from Limón. You know, we've done 1,000 ton a day from Pavón Central as well during the quarter. You've got 2,000 tons there. The 2,400 we talk about in Q1 means that we've exceeded both 1,000 tons a day on average from those two sources. As you add in, Eastern Borosi, you know, is it conceivable that could grow to 1,000 tons a day? For sure, over time. You know, I think our focus has been on establishing the reliable and responsive delivery from the two sources. Limón Our production growth over the last three years has been predominantly through grade as opposed to volume. That latent capacity that exists there to be, you know, create that accretive cash flow still remains. You know, I think we've done a reasonable job over the last three years of getting from where we were to where we are. As we look forward over the next couple of years, it'll be, you know, continue to look at those opportunities to continue to optimize and incrementally grow. Okay. No, that's great. Thanks, Darren. That's it for me. Cool. Thanks, Farooq. Thank you. One moment please for our next question. Please stand by. Our next question comes from the line of Justin Stevens of PI Financial Corp. Your line is now open. Hey, guys. Only one real question I think from me here, that's to do with Panteón. You know, obviously you've been hitting some pretty stellar grades there and with the maiden reserve now in place for Panteón North. Is the plan, or I guess, like, the conceptual plan at least there to pursue, bringing Panteón North in, you know, maybe in 2024? If so, what's sort of needed to do that? Yeah. Good morning, Justin. You know, you've got the same questions as we have, to be honest. Is that, you know, we've had some pretty outstanding success pretty rapidly there with, you know, basically putting first hole into it in May and then progressing it through a reserve by the end of the year. As the team continues to understand, you know, what the scope is or the scale of that, you know, discovery could be along the VTEM Gold Corridor. You know, our logic in terms of evolving it, you know, and developing it will evolve. You know, it's one of those things that there's a strong desire to get into it sooner. I think for us, it's probably making sure that, you know, we see huge potential for, you know, a district within a district, if you will, in terms of how that'll lay out. If you think about, say, Santa Pancha producing 1.3-1.5 million ounces, that same potential existing there. We wanna make sure that whatever we develop, you know, sets us up, you know, to accretively grow that production over the next few years. We're doing some work now to understand how best to do the trade-off studies. Do we, you know, do we access it from Santa Pancha or do we create its own decline? Where we're leading to now because of what we see is probably a separate facility that allows us to be able to optimize, you know, ventilation, water control, and all those sort of things, which will, you know, lower our unit cost for a longer time. We're in a bit of a discovery mode, pardon the pun, you know, as we continue to drill and expand the resources there. I would expect that, you know, it wouldn't be unreasonable to expect that that would be part of the production contribution in that 2025, 2026 period. Got it. Yeah, that makes sense. Especially, I mean, if it does sort of look like it really is a continuing trend to the north, then yeah, I think separate access and separate facilities makes some sense to be able to chase this thing further if it does continue, again, along that pretty, you know, bright pink line there. Yeah. For sure. I guess on that, I mean, I was assuming that the thinking is still even for some of the, some of this, call it regional Limón, target material. The goal would still be to fill the Libertad mill first, and utilize that excess capacity before sort of looking at any other, additional incremental expansion in terms of your milling capacity, right? Yeah. You know, again, you know, 'cause as I mentioned there with Farooq is that, you know, we've been able to grow production, you know, well, again, consolidated business, 250, 275 from what was, you know, 100 and change there in 2020. That's been through growth. We've still got the latent capacity there at Libertad. You know, again, you put it in perspective, you know, the idle capacity we have at Libertad is twice the volume of installed capacity at Limón. If you think of Limón as a, you know, 60,000 to 70,000 ounce a year producer, you know, the installed capacity there from gold production is 140,000, 150,000 ounces. You know, you know, we're gonna be in a really first world problem when we're thinking about, you know, expansion of Limón Mill or adding additional incremental capacity to the north when we've got such cheap capacity at Libertad. I look forward to that day, but I don't see it necessarily as being, you know, tension in the next couple of years. For sure. Look, I mean, I'm hoping you guys have the same kind of success pulling up those, more of those grades. That's certainly a good problem to have, is not having too much, high-grade material. Yeah. Well, again, the bonanza grade is fantastic because grades, you know, grade is a good thing. You know, even when we start to consider some of the nearer to Libertad resources that we're currently kind of fleshing out around Volcan, for example, you know, it's not the bonanza grades, if we're looking at, you know, two to three grams and you consider it as a, you know, maybe it costs you a gram to get into it and develop it and put it through the mill, you've got a gram of margin. At, you know, $50-$60 dollar rock going through the mill, you know, an incremental 250 tons a day over a year generates a boatload full of cash. That's also we're looking at, is that it's not just the bonanza. The bonanza is great 'cause it's great, it creates great headlines. There's a lot of accretive growth that can come from leveraging off that capacity. You know, as we've talked about and shown in the deck, you know, the incremental metal production you can get from, you know, relatively, you know, modest grades is still, you know, fantastically accretive from a cash flow perspective. That's ultimately what we're about. For sure. No, sounds good. Looking forward to seeing the Eastern Borosi material hit the Q2 production line there. That's it for me. Thanks. Cheers, man. Thank you. As a reminder, to ask a question, please press star one one on your telephone and wait for your name to be announced. Please stand by while we compile the Q&A roster. One moment, please. I show no further questions at this time. I would now like to turn the call back to Darren Hall for closing remarks. Thank you, operator. I'd like to finish up by thanking all of our shareholders and stakeholders for their continued support and your participation and questions on this morning's call. As always, Ryan, I, and the leadership team are available if you have any further questions. With that, I think it's time to end the call. Take care. Have a great day, and I'll pass it back to you, operator. This concludes today's conference call. Thank you for participating. You may now disconnect.