Thank you for standing by. This is the operator. Welcome to the Erdene Resource Development 3rd quarter 2026 financial and operating results conference call and webcast. As a reminder, all participants on the telephone are in 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 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star 0. Participants on the webcast may type in their questions in the chat feature of the webcast. Now let me hand over the call to John Vincic. Please go ahead. significant reduction. This is driven primarily by an increase in the overall production, given somewhere in the neighborhood of half of our costs are fixed. Thank you, operator, and hello everyone, and thank you for joining our call today. A few housekeeping items to note. The accompanying presentation for today's call is available for download from the company's website at www.erdene.com. The press release, financial statements, and MD&A related to this quarter are posted on Erdene's website and on SEDAR+. I'll point out that management's remarks on the Bayan Khundi Gold Mine's operating performance are at the Erdene Mongol level, a 50/50 joint venture between Erdene and Mongolian Mining Corporation. It is also important to note that this conference call contains forward-looking information that is based on the company's current expectations estimates and beliefs, and may also use terms that are non-IFRS performance measures. The conference call will also make reference to results from the company's recent preliminary economic assessment for the Zunmod Molybdenum-Copper Project, and mineral resource estimates for several of the company's properties. Please review Erdene's latest disclosure materials, including the company's most recent Annual Information Form, for the risks associated with this forward-looking information. and the use of non-IFRS performance measures. And finally, all dollar amounts mentioned on today's call are in Canadian dollars unless otherwise noted. Today's speakers from Erdene are Peter Akerley, President and Chief Executive Officer, and Robert Jenkins, Chief Financial Officer. Overall. Peter? Please go ahead. Thank you, Jon. Hello, everyone, and thank you for joining us today. I'll start on slide 4. Over a year ago, Erdene made the transition from developer to producer with the first gold pour at the Bayan Hunde Gold Mine. That came just 10 years after our greenfield discovery in what was then a relatively isolated corner of southwestern Mongolia. During this period, that region has changed. New mines, roads, including blacktop highways, power transmission, and border infrastructure Yet exploration in the Hunde Minerals District is still in its early days, and in my view and that of many others, the district has exceptional potential for further discoveries of gold and copper deposits. That was clear in September when we hosted field evaluations by some of the global leaders in exploration. Our strategy has been consistent for many years: generate cash flow at the Bayan Hunde Gold Mine, then use that cash to ramp up exploration and fully test the potential of this district. Bayan Hunde is now generating strong cash flow, we're paying down debt, and the mine continues to make improvements, putting us in a strong position to act on our opportunities. In addition to the operations at Bayan Hunde, our exploration efforts have already advanced a number of prospects to deposits. 3 of those, displayed on slide 5, are now entering the economic evaluation stage, with studies recently completed or underway on the Zunma Molybdenum-Copper Project, the Dark Horse Heap Leach Gold Project, and the Altanar Gold Deposit. Ahead to next year, our team at Erdene Mongol is undergoing their business planning and budgeting process as we speak. So we expect that we'll have good numbers from them in the coming month or so and release that as part of our guidance in the first quarter of next year. At the same time, Mongolia's government is recognizing that change is needed to stimulate exploration and bring new projects on stream. To that end, Parliament approved amendments to the Minerals Law in October, including a more competitive copper royalty and clearer rules for exploration and license issuance. With near-mine growth at Bayan Hunde, 3 projects moving toward investment decisions, and a strong pipeline of new discoveries, we are entering a very exciting period for our company. With a compelling multi-decade growth platform. Moving on to slide 6, I'll start with the highlights for Q3 2026. The Bayan Hunde Gold Mine, which we co-own with our strategic partner Mongolia Mining Corporation, produced nearly 12,000 ounces of gold in the 3rd quarter, slightly ahead of Q2. In Q3, Bayan Hunde continued to generate positive cash flows, with US$30 million of debt repaid. The plant continues to perform very well, and mining operations made significant strides in Q3. Providing access to higher-grade ore and positioning us for a stronger Q4. On October 14th, we delivered a preliminary economic assessment for Zunmod, our wholly owned molybdenum-copper project. The study confirmed Zunmod is one of Asia's largest undeveloped molybdenum deposits with strong economics at current metals prices. Operator, that looks like that's all the questions we have currently from the webcast. Did you want to re-poll for the live call? Um, Thank you, Bob. Um, Finally, we launched a 16,500-meter drill program to test gold, molybdenum, and copper targets across the Hunde Minerals District. As shown on slide 7, the Bayan Hunde plant processed 164,000 tonnes of ore in the 3rd quarter, an average of 1,788 tonnes per day. A 6% increase in throughput over the 2nd quarter. Gold recoveries of 96% were consistent with the prior quarter and continued to exceed our projected 93% target. Bayan Hunde produced 11,853 ounces of gold in the quarter at an average realized price of $4,313. Turning to slide 8, mining performance continued to improve in Q3. The team moved 4 million tonnes of material, 7% more than in Q2. We mined 415,000 tonnes of lower-grade ore, a 68% increase in ore tonnes over Q2, as we positioned the mining team to access higher-grade ore in Q4. We sent the higher-grade ore averaging 2.3 grams per tonne to the plant and stockpiled the lower-grade material for later processing. The mine is also changing shape, moving away from the single-level operation employed during the startup phase, with mining now advancing into the deeper, higher-grade striker and midfield zones as the photo shows on this slide. Our feed grades are close to double that of your average open-pit gold mine; however, they remain lower than we would like. Sure. Although the Bayan-Hundi deposit has wide zones of low-grade ore, the high-grade gold mineralization is highly concentrated; roughly 80% of the value sits in about 20% of the ore. Getting the full value depends on precise mining, accuracy in identifying high-grade, low-grade, and waste, and grade blending, and keeping dilution and ore loss to a minimum is all of critical importance to achieving target grades. While the overall geometry of the mineralized zones is relatively consistent, at the scale of individual high-grade mining blocks, their location and continuity can differ from what the resource model predicts. These learnings allow us to continually inform and upgrade our models moving forward, improving our accuracy. Our response has been to build the capability to mine this deposit selectively and to blend plant feed to the target grade. The Erdene Mongol team has brought in experienced specialists to work alongside our mine geologists and engineers on resource modeling, grade control program design and drilling, blasting techniques that control ore movement, ore definition dig lines that protect grade, and supported by a high-precision GPS fleet management system. That work is starting to show results. The match between our grades predicted by our grade control drilling and the grades delivered to the plant is improving, and we expect that trend to continue. Ladies and gentlemen, just a reminder, if you have a question, please press star 1. As we move into 2027, we will continue to refine our modeling reconciliation effort and update mine plans with an improved understanding of the deposit. With mining in Striker and Midfield, where the high-grade zones are modeled to be more consistent, we are working towards higher head grades in Q4. Higher grades should drive increased metal production and lower unit costs. The results over the coming months will be the real measure of our progress. We are building the same approach into the 2027 mine plan, which is now being finalized, with plans to introduce the high-grade Dark Horse-Sothor body mid-year and further out considering the timing for expansion into the Bayan Hande West area, both of which offer further grade upside. I'm now on slide 9. Our Q4 exploration is well underway, with 3 diamond drill rigs turning at Bayan Hande, Dark Horse, and Zunmod, completing 16,500 metres of drilling this quarter. Our immediate focus is on 2 expansion areas next to the Bayan Hande Gold Mine, the Bayan Hande West and Dark Horse areas. They are part of the same Bayan Hande hydrothermal system and we expect them to add ounces that support a longer mine life and potentially an expansion of the Bayan Hande complex. We don't have any other questions on the queue right now. The Hande West expansion offers substantial upside to push the Bayan Hande pit westward, laying the groundwork for a much larger pit. Over time, that could extend toward the Hiram Saab and Ulan resources, subject to agreement with the adjacent license holder. The broader Hande-Ulan hydrothermal system covers some 4,000 hectares and includes more than 10 kilometres of mineralized structure from Ulan Southwest onto the northeast Hande license. It's still early in its exploration life with excellent growth potential. Turning to slide 10, we're currently in the midst of a 9,000-metre drill program to expand resources in the Bayan Hande West expansion area. We are about halfway through the program with results anticipated in Q1 2027. The Hande West resource is now part of the planned BK development through a revised pit that reflects today's gold prices. However, the area has seen little close-spaced or extension drilling. Despite the substantial mineralized zones shown in the table and significant zones outside the defined resource. The program's goal is to improve confidence in those high-grade zones and in some cases bring new zones into resources and reserves. That will, that will let us finalize plans and designs in the first half of 2027 to feed Bayan Hande West ore into the Bayan Hande plant. Okay, well, thank you, operator, and Peter and Bob. There's no more questions from the webcast, so I'm going to turn the call back to Peter for closing remarks. As shown on slide 11, about 2.5 kilometres north of the Bayan Hande mine is the Dark Horse area. It hosts the Dark Horse resource, a high-grade gold deposit of about 67,000 ounces with an average resource grade of 4.8 grams per tonne exposed at surface. In Q3, we completed grade-controlled drilling at that deposit, supporting plans to bring it into the mill feed in the second half of 2027. Ahead of its original year 3 schedule in 2028. Dark Horse South sits within a 3-kilometre mineralized trend that remains open, with multiple gold-bearing structures exposed at surface and exceptional exploration potential. We recently started a 3,000-metre program in the Dark Horse South and Alton Arrow area. It will extend the shallow oxide resource for the CIP plant and for a potential heap leach operation. And test new targets identified during the recent expert field visits. The Dark Horse-Alton Arrow area has a substantial volume of lower-grade gold oxide. Heap leach amenability testing by Blue Coast Research on low-grade samples from Dark Horse is complete, and the results appear supportive for heap leaching. We are also evaluating low-grade Bayan Hunde stockpile material and Altonar oxides as additional heap leach feed. Well, thank you, Jon. I just wanted to reiterate, I guess, the— the exciting year we have in front of us. We've set the stage with a commercial operation at Bayan Hande, but I think the value that can be created through exploration is tremendous. So thank you all for joining us, and if you have any questions in the future, please reach out directly. Thank you. An internal scoping study will be completed in Q4 to develop plans for heap leach development leading to a development decision later next year. Together, Dark Horse South, Dark Horse North, and Alton Arrow give us excellent potential to keep adding ounces and extend mine life at the CIP plant, and a very real opportunity to expand production through a heap leach operation. Everything we've just reviewed sits within the Hunde-Ulan system, but what we see is perhaps our most significant gold growth opportunity and likely our second mine is 16 kilometers north at Altonar. As shown on slide 12, Altonar is already a substantial part of our total high-grade gold resource base of measured and indicated resources totaling 835,000 ounces at 2.9 grams per tonne. and an inferred resource of a further 265,000 ounces at 1.5 grams. Of that total, Altonar hosts close to half of the district's combined gold resources and almost all of its silver, with tremendous growth potential. Altonar sits on a granted mining license with a 30-year initial term and production there would also fall under Erdene's 5% royalty, NSR royalty, once the first 400,000 ounces have been recovered. We believe we've only scratched the surface at Altonar. Ladies and gentlemen, this concludes today's conference call. Thank you for your participation, and you may now disconnect. The majority of the resource comes from just 2 of the 18 mineralized targets shown in red on slide 13 along a 5.5-kilometer corridor. Those 2 targets are Discovery Zone and Union North. Altonar is a deposit type of the same family as some of the largest and highest-grade gold deposits globally. Porgera, Kellyanne, and Fruta del Norte are examples. These systems can extend more than 500 meters vertically, while most of our drilling has been very shallow. Our most recent drilling added continuity but also provided targets for additional drilling with up to 23 meters of 17 grams per tonne in the gap zone of the Discovery deposit. Recent metallurgical testing returned gold recoveries of about 89%, with potential to produce separate lead and zinc concentrates. We are planning a large drill program at Altonar in 2027 aimed at significantly expanding these resources. Moving on to our wholly owned Zunab Molybdenum Project. On October 14th, we announced the results of the preliminary economic assessment. Slide 14 summarizes the highlights of the study. The PEA outlines a large, long-life operation, including a 34-year mine life processing about 25 million tonnes a year through a conventional flotation plant. Over its life, the project is expected to recover about 670 million pounds of molybdenum and almost a billion pounds of copper. In regards to the economics, the PEA base case of $25 per pound and $5 copper results in an after-tax NPV at an 8% discount of US$745 million with a 16% IRR. This is on capital expenditures of approximately US$687 million. However, At recent prices of about US$33 molybdenum and US$6.50 copper, that NPV rises to about US$2 billion and the IRR increases to 28%. The deposit and the broader license has significant exploration potential, and we have started a 4,500-meter drill program to add further value. More on that in just a moment. The scale of Zun Mod makes it a world-class deposit, but that is only part of the story. There's 2 other elements that make this project truly compelling. The first is location, a strategic location. Going back to the earlier map, slide 15, Zun Mod is about 280 kilometers by road from the Shiviheran-Sekhe border crossing and railhead, providing access to key Asian markets including China, Korea, and Japan. Within the past year, a coal haul road has been built within 35 kilometers of the project and the 240-kilometer power line was built for the Bayan Khundi Gold Mine, runs within about 30 kilometers of Zun Mod. As shown on slide 16, the second element is the molybdenum market itself, which is very supportive. Molybdenum is a critical mineral in short supply with demand rising. Its main use is in high-strength corrosion-resistant specialty alloys, and it's increasingly used in renewable energy, defense, and electronics. Over the past 5 years, demand has grown at more than 4% a year. Asia, Zun Mod's natural market, now accounts for roughly 2/3 of global consumption. Supply, however, is a different story. Around 60% of the world's molybdenum is produced as a byproduct of copper mining, so supply does not respond quickly to price. That byproduct supply is constrained by aging copper-molybdenum porphyries with falling grades and operational issues at many of the largest operations in South America. At primary molybdenum mines, particularly in China, we are seeing lower grades as they approach end of their lives and very few new primary mines in development. Industry forecasts point to a structural deficit of about 13,000 tonnes in 2026, growing in the years ahead. That is why we've seen prices rise to the $33 a pound range. With the PEA in hand, we are now advancing discussions with potential downstream consumers, financing and strategic partners, with members of our own management team in China in the coming days. Its economics, location, scale, and longevity, together with the long-term dynamics of the molybdenum market, are why we believe the time is right to advance the Zunmod Project. I'm now on slide 17. Zunmod sits in our wholly owned 6,000-hectare Huvanhar mining license. It lies within a large porphyry system roughly 16 kilometers in circumference which hosts multiple targets, including the Huvanhar copper prospect, where drilling has returned 34 meters of 1.3% copper and 30 meters of 1.25%. Recently, several porphyry copper experts visited the site and reinforced our view that Zunmod and Huvanhar have exceptional potential for additional discovery. At Zunmod, a 4,500-meter drill program is underway with the majority dedicated to confirming mineralization in the upper 100 meters of the molybdenum deposit, including areas previously modeled as waste. and to test extensions adjacent to the current resource. Converting that material could improve the economics, particularly in the early years, with the potential to significantly impact payback and NPV. In 2027, we will start technical and infrastructure studies and begin upgrading inferred resources to measured and indicated, starting with the first 5 years of the PEA mine plan resources. At Huvanhar, we are testing shallow copper targets this quarter while Quantec Geoscience carries out an advanced 3D geophysical survey across the entire Zunmod-Huvanhar license. This will define deeper targets for drilling in 2027, building on this year's high-grade copper intersections. As you can see, Erdene is very well positioned to pursue growth on several fronts in the emerging Hundy Minerals District. I'll now turn the call over to Bob for the financial highlights. Thank you, Peter. Moving to slide 18, let me provide the financial highlights for the quarter ended September 30th, 2026. Before I start, let me remind everyone that Erdene's investment in Bayan Hundy is held through its 50% joint venture stake in the Mongolian company, Erdene Mongol LLC, with our strategic partner, the Mongolian Mining Corporation. Included on this slide are financial highlights representing 100% of the joint venture financial performance, as well as consolidated results for Erdene Resource Development, representing our proportionate share of Erdene Mongol's performance and our corporate operations. All figures are in Canadian dollars unless otherwise noted. Starting with Erdene Mongol, in Q3 the business generated $71 million of revenue on sales of nearly 12,000 ounces of gold and over 3,000 ounces of silver. Revenues were 5% lower than the prior quarter, as slightly softer metal prices offset the impact of a modest increase in production. Total cost of sales for the quarter was $32 million, largely in line with the prior period. Cash costs for the quarter were US$1,735,000. $42 an ounce, and all-in sustaining costs were $1,848 per ounce, compared to $1,899 and $1,991 per ounce respectively in the prior quarter. Erdene Mongol ended the quarter with US$19 million of cash, and during the quarter the company repaid US$30 million of debt, reducing the total balance outstanding to US$93 million. or $132 million Canadian. The business will continue to prioritize debt repayment while investing in the exploration and development programs Peter discussed earlier. Turning to Erdene's consolidated financial performance in Q3, our share of income from Erdene Mongol totaled $10.6 million, in line with the income from the second quarter. Exploration evaluation expenses for Erdene