Good day, and thank you for standing by. Welcome to the Calibre Mining Corp's third quarter 2023 financial earnings results and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll 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, press star one one again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker today, Ryan King, Senior Vice President, Corporate Development and Investor Relations. Please go ahead. Thank you, operator. Good morning, everyone, and thank you for taking the time to join the call this morning. Before we commence, I'd like to direct everyone to the 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 Q3 2023 MD&A and consolidated financial statements available on our website as well as on SEDAR+. And finally, all figures are in U.S. 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 of Growth. We'll be providing comments on our third quarter and year-to-date 2023 results, after which we'll be happy to take questions. The slide deck we'll 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'll start by thanking all Calibre employees and business partners for their continued support, which resulted in our fourth consecutive record-breaking quarter. I'm very pleased with the team's performance, which included responsibly delivering record gold, gold sales in excess of 73,000 ounces, a 50% increase year-over-year, at a total cash cost of $1,007 per ounce and an all-in sustaining cost of $1,115 per ounce. Year to date, the company has delivered a record adjusted net income of $74 million and earnings per share of $0.16. The company continues to deliver strong free cash flow. With $16.3 million this quarter, our cash position grew 26% over Q2 to a record $97 million. With year-to-date performance favorable, favorable budget, we remain in a strong position to deliver into the upper end of our full-year production guidance. During the quarter, we announced numerous favorable exploration results and a maiden mineral resource of Volcán, which is located less than 10km from the Libertad Mill, all of which continues to demonstrate our ability to expand existing and discover new resources. During the year, the team has successfully delivered both the Pavón Central and Eastern Borosi open-pit mines into production, which marked significant milestones that further demonstrate our ability to not only fulfill our full-year commitments but also to grow our business organically. Turning to slide four. Since the acquisition of the Limón and Libertad operations in late 2019, our exploration programs have resulted in a 280% reserve growth after producing 750,000 ounces of gold. Recently, we've seen success across the Limon property, most notably along the Panteon-VTEM Gold Corridor. Following Panteon's discovery in 2020 and subsequent development and production in 2021, we identified the high-grade Panteon Norte deposit and VTEM Gold Corridor, which continued to reveal high-grade potential along strike. I anticipate that the success we've seen along the VTEM Corridor this year will positively impact our year-end mineral resource estimates. During the quarter, we announced drill results from the high-grade Atravesada underground, located 2 km west of the Limon plant, which further demonstrates the overall resource expansion and discovery potential of the enduring Limon district, which has produced in excess of 4 million ounces since its inception. Moving to slide five. Since 2019, we have demonstrated the effectiveness of our operating strategy, responsibly obtaining permits and developing satellite deposits to responsibly grow production while utilizing the existing processing infrastructure at Libertad. A recent testament to this is the initial open-pit mineral resource at Volcán, which is located less than 5km from the Libertad plant. In addition, our resource expansion drill program within the Libertad complex unveiled high-grade gold mineralization, just 100 meters below the existing underground development at the Jabali underground mine, confirming its expansion potential. Additionally, scout drilling has identified new target areas located within 10km of the Libertad mill, presenting opportunities for further discovery and resource growth. I look forward to talking about ongoing results as we continue to advance our drill programs across the assets. Turning to slide 6. As we continue to self-fund exploration and development, whilst concurrently increasing our cash reserves, I'm confident that Calibre continues to present tremendous opportunity for all of our shareholders. Our commitment to responsible, sustainable, and transparent operations assures long-term prosperity for all of our stakeholders. With that, we're happy to take questions. I'll now pass it back to you, operator. Thank you. As a reminder, to ask a question, you'll need to press star one one on your telephone. To withdraw your question, please press star one one again. Please wait for your name to be announced. Please stand by while we compile a Q&A roster. One moment for our first question. Our first question comes from the line of Farooq Hamed with Raymond James. Your line is now open. Great. Thanks very much. Good morning, everyone. Thanks for the call. Darren, I guess my first question was just related to, you know, kind of the outlook for the rest of the year. So you've had strong performance year-to-date, especially on the production side, and, you know, well set up, and you said that you're, you know, aiming for the top end of your production guidance. Maybe just as it relates to the fourth quarter, do you continue to expect to see, like, a similar milling rate at Libertad as you saw in Q3? It seemed that it was quite, quite high in Q3. And then secondarily, do you continue to expect a similar type of contribution from Pavón Central in Q4? Yeah. Thanks, Farooq, and hope you're well. No, the runway we've established in Q3, I would anticipate to continue in Q4. And as you've kind of highlighted there, is that, you know, we would anticipate our current rates delivering to the high end of production guidance. And the deliveries from Pavón Central, we've worked in ramping up both from Pavón Central and Eastern Borosi during the course of the year, and we would anticipate similar deliveries to what we've seen in the latter part of Q3, which, on average, you know, have been around, you know, 450 tons a day from Eastern Borosi and around 1,000 tons a day from Pavón. Okay. Well, that's quite good, and that I think that bodes well for the fourth quarter and your guidance for the year. So thanks for that color. Darren, my second question is related to your announcement prior to the earnings release about the NCIB that you guys have put up. My question really is, can you provide some commentary on why you chose an NCIB or share buybacks as your vehicle for shareholder returns, as opposed to something like a dividend? Yeah, no, thanks, Farooq. And I guess that it's not a decision in isolation. You know, as we've demonstrated over the last four years, I think we've generated significant shareholder returns from our organic investment into exploration and then subsequent development of the assets. We've demonstrated that we can take things from discovery to production in, you know, really in months rather than years. Yeah, that remains our focus, is to continue along that path. That's our number one priority in terms of use of funds. However, as we've demonstrated the ability to do that and can currently build cash, we're in the luxurious position of having that large cash build. And so we've, you know, with the board, had discussions around what's the best use of that? One of the things we identified is that, you know, establishing an NCIB puts us in a position to be opportunistic if such an opportunity presents, to be able to leverage off a, you know, a blip in the share price, for example. It's not at the expense of or in preference to a dividend. It's just that having that vehicle in place allows us to be opportunistic, as we will with any investment. You know, as you're aware, you know, we're, you know, we're thoughtful, methodical, but remain agile to be able to deploy that cash in whatever provides the best shareholder return. And that's really the basis for it, Farooq. So it doesn't preempt that we won't do other things. It just is that we're putting these things in place so that we can leverage off it when the opportunity presents. Okay. No, that's very helpful and clear. So, you know, if we continue to see the success and build-up of cash and free cash flow every quarter, we might, in addition to an NCIB, we might, in addition to that, see other shareholder returns. That's fair to characterize it that way? Absolutely. Our single largest focus is to return value to shareholders, and we'll be opportunistic to seize whatever opportunities are presented to us to be able to do that. So, yeah, absolutely. Perfect. Thanks for that. And, one last one from me, Hamed. Just, on your reserves at year-end, and I know we're not at the end of the year yet, but, maybe could you give us some color on do you expect to increase reserves or replace reserves at year-end? And what are you thinking in terms of gold price that you're gonna be using? Yeah, no, a good question, Farooq, and you know, again, we've got a lot of drilling happening across all the properties, and as we've demonstrated, we've seen lots of exploration success, and which kind of leads as a good segue into where our programs have been morphing to, during the course of the year. You know, the focus over the last couple of years has been more confidence and conversion to establish that reserve base. As we've, you know, highlighted, we've had nearly a threefold increase in reserves after producing 750,000 ounces, which is a great position to put us in. Now, as we start to look at identifying mineral inventory and then subsequently progressing that through to resources, there's, you know, a little bit of work that needs to be done in the end of the year to be able to foreshadow what that looks like. But I would anticipate that, you know, reserves at consolidated at the end of the year will not be any less than what they were this year, with, the same gold price. ... Great. That, that's great news. Thanks for that, Darren. That's it for me. I'll pass it on. Thank you. Appreciate it, Eric. Thank you. One moment for our next question, please. The next question comes from the line of Justin Stevens with PI Financial Corp. Your line is now open. Hey, Darren and team, congrats on a pretty solid quarter, making a habit of these, which is nice to see. Mostly, just a couple of ones from me. Obviously, you know, you've done pretty well in terms of your costs, sort of metrics here. You know, the tracking on the high end of production, relatively well in terms of those costs. Anything that's sort of been pushed out, from a cost perspective, into the back part of this year or into 2024 here? Or is it mostly been sort of pulling things forward on the development side, like at Eastern Borosi? Yeah, Justin. Is that like a trick question, mate? It's no, no, no, appreciate your support and questions. There's been nothing that we've deferred from this year to next. It's more the contrary, we've been opportunistic with the success we've seen at Volcán to actually advance some of our growth capital spend related to land acquisition. You know, so, you know, we're stacking the deck in our favor for the, you know, securing our ability to deliver into expectations in the medium, longer term. So, yeah, no, definitely no deferrals, quite the contrary. And you'll probably see that as you dig through the MD&A, and you'll see some increased growth spend. It's been opportunistic. We've got the cash position, and we continue to build cash even after that further investment. No, yeah, that's good to see, and, that's actually a good segue to my next one. On Volcán, obviously, nice to see, sort of an initial reserve chapter around that. And I think that, you know, the upside, just from some of these near mine targets of Libertad are pretty, pretty high. But other than, you know, acquiring surface rights, what's sort of needed to be able to bring some of these, you know, either, the, these new open pit targets in to the mine plan? And what's the sort of timeline we'd be looking at there? Yeah. Justin, it's, you know, Volcán is relatively early in the development cycle. But I would anticipate us being in a position to do groundworks out there in 2024. So what that would mean is that between now and then, we'll be going through the consultation and permitting process. So, you know, again, it's, there's nothing we can see there from a permitting perspective that would be different than the other four or five significant permits we've delivered over the last four years. And that, you know, within a 12-month period, we should be able to deliver two permits. So it's really about looking at where it fits into the development sequence, and use of capital in terms of what we bring in where, and it's a first world problem to have. But as we've seen, you know, significant exploration success over the last, well, number of years, but in particular, further afield over the last six months, it's assessing what fits where into the program. So, no, no, it's a good problem to have in a very positive way. But, you know, Volcán is a very interesting opportunity, and as you've highlighted, even though it may not have the bonanza grades that we see at Panteon Norte, for example, it's very close to the mill, near surface, oxide, moderate strip ratios, it becomes very accretive from a cash flow perspective, given the 1 million tons of surplus capacity, which remains at Libertad. For sure. And just another one on, in terms of, other targets here. Obviously, nice to see those results out of the Jabali underground, just over a week ago, I guess. Any plans- I mean, I think, you know, that little underground operation has enough track in front of the train for the near term here. But how are you sort of looking at maybe accessing, being able to drill a bit deeper below, you know, with the existing sort of drill holes now and maybe densifying that drilling to pull it in? Because obviously, you know, enough hits like that could go quite a long ways to building some inventory there. Yeah, no, absolutely. And again, you know, the focus at Libertad is that the operations team have done a tremendous job at shoring up that asset over the last year. And then with the exploration success we've seen, you know, it now starts-- we're now starting to talk about putting track in front of that train. And you know, I would anticipate that you know, we probably foreshadowed a Libertad underground kind of you know, coming to conclusion sometime in 2024. You know, I would expect with these results, so we'll comfortably see another year or two added to it with what we know today. Given these, the intercepts we see are very close to existing development and, you know, we're talking about months to get to it, not years, from a development perspective. Got it. And I mean, last one, obviously, I know you're still probably putting numbers together and the like, but given what we've seen in the exploration success, I think I'm pretty comfortable in assuming that your exploration budget is gonna stay relatively high, through 2024. Just to be able to keep building out, and following up on all these solid hits here. But I'm assuming that's not too far off base? No, absolutely. Absolutely. It is, you know, as we've demonstrated that, you know, investing into our assets has, you know, created significant value, for us and shareholders, so we'll continue along that approach. I think the most significant investment that we can make outside of maintaining our social license is in keeping track in front of the train, which comes from the drill bit. So no, we're absolutely committed to that. And, if we ever found ourselves in a situation where we had to, skimp on costs, that would be the last place we'd look to cut. Sounds great. That's it for me. Thanks, guys. Appreciate it. Thank you. Thank you. you. Thank you. I would now like to turn the conference back to Darren Hall, President and Chief Executive Officer, for closing remarks. Thank you, operator. I'd like to thank all of our shareholders for their continued support and everyone's participation in the call this morning and the questions we received. As always, Ryan and I, and the entire leadership are available if you have any further questions as you read through the documentation. With that, take care. Have a wonderful day, and back to you, operator. This concludes today's conference call. Thank you for your participation. You may now disconnect. Everyone, have a wonderful day.