Thank you for standing by. This is the conference operator. Welcome to the Ero Copper Q3 2022 financial and operating results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there'll 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, then zero. I would now like to turn the conference over to Noel Dunn, Executive Chairman of Ero Copper. For opening remarks, please go ahead. Thank you, and good morning, everyone. The news release announcing Ero's Q3 2022 operating and financial results is available on our website, as are our financial statements and MD&A for the three months and nine months ended September 30, 2022. As per usual, we're making forward-looking statements on this call that involve risks and uncertainties concerning the businesses, operations, and financial performance of the company. We would refer you to our most recent AIF available on our website, also on SEDAR and EDGAR, for a discussion of the risk factors of our business and their potential impact on future performance. Again, as per usual, unless otherwise noted, all amounts are in U.S. dollars. Joining me on the call today are David Strang, Ero's Co-founder and Chief Executive Officer, Makko DeFilippo, President, Wayne Drier, Chief Financial Officer, and Courtney Lynn, Vice President, Corporate Development and Investor Relations. Before discussing our Q3 results, I'd like to touch on the recent presidential election in Brazil. While coverage of the election in the North American media, in our view, has largely centered on the differences between the two presidential candidates and the divided nature of the country's populace, it's clear from our perspective that irrespective of politics, Brazil has and continues to be on a path towards greater prosperity with more economic opportunity for its citizens. It remains one of the leading global exporters of meat products, oil and gas, tar, soya, and iron ore, and therefore, its financial statistics are on a significantly improving path. Turning to our Q3 results, the period is best highlighted by one, strong production at our Caraíba and Xavantina operations. Two, strong progress across our strategic growth initiatives. Three, exciting development on the exploration front, including our recently announced discovery of a nickel sulfide system in the Curaçá Valley. While our team delivered strong production performance and project execution during the quarter, we are obviously experiencing challenging macroeconomic conditions, and these continue to impact operating costs and margins across the mining industry. Despite seeing moderation in many of our input costs during the quarter, some of our largest consumables, including diesel, cement, and steel, remain well above historic levels as compared to the copper price. Lower metal prices during the period, combined with approximately $10.3 million of out-of-period revenue adjustments that Wayne will discuss in greater detail, did impact our financial results during the Q3. While we continue to navigate a fairly dynamic market, I am pleased to report we were able to make excellent progress on our strategic growth initiatives during the quarter. At our Tucumã project, we completed critical road upgrades and drainage infrastructure that will allow us to maintain momentum throughout the upcoming rainy season. Our mining contractor also mobilized on site during the quarter and commenced pre-stripping activities. We are currently advancing ahead of schedule. Let me repeat that. Ahead of schedule. The various projects that comprise our Pilar 3.0 growth initiative are also progressing well, which we plan on discussing in greater detail next week during our annual operational project exploration update on November 8. As we look ahead to 2023, we expect broader macroeconomic uncertainty and volatility to persist. While the effects of this uncertainty are likely to be experienced differently across various markets and supply chains, we believe that our high-quality operations and favorable cost structure, embedded optionality across our assets and balance sheet leave us well positioned to deliver on our growth strategy. That strategy aligns with a projected period of unprecedented copper demand growth. I will now pass the call over to David to provide an overview of our operating performance and then over to Wayne, who will cover Ero's Q3 financial performance. As always, our team will be available for questions immediately following the call. Thank you, Noel. We achieved solid operating results across our assets this quarter that positions us well to achieve full year production at both of our operations. At the Caraíba operations, we processed over 720,000 tons of ore during the quarter at an average grade of 1.68% copper, resulting in copper production of nearly 11,200 tons and metallurgical recoveries of 92.2%. Our copper grade continues to trend above our original copper grade guidance of 1.60, supported by mining of the first Project Honeypot stope. Process tonnage was lower compared to the Q2 due to planned maintenance on the Pilar Mine's material handling and transportation system. A portion of which is scheduled to be completed this month. As a result, Q4 copper production is expected to be similar to Q3 levels. At our Xavantina operations, we saw a step up in mine grades as planned to 8.55 grams per ton gold compared to an average of 6.28 grams per ton gold in the H1 of the year. This increase in grade offset lower planned tons processed during the quarter of just under 43,000 tons, resulting in gold production of approximately 11,000 ounces after metallurgical recoveries of 93.3%. Similar production levels are expected in the Q4, with higher gold grades expected to continue. As Noel mentioned, our operating costs during the quarter continued to be impacted by the influence of inflation on the cost of key variables. While we saw some moderation relative to peak pricing in the Q2, our largest consumables, including diesel, remained well above historic and forecasted levels. At our Caraíba operations, these cost impacts were further exacerbated by transitory items during the quarter that included increased trucking of ore and waste to the surface of the Pilar Mine due to maintenance of the material handling and transportation system. Costs at Caraíba also continued to be impacted by a higher allocation of concentrate sales to the international market, which negated some of the tax benefits we receive when we sell to our domestic customer. Notwithstanding the immediate tax benefit on domestic sales, it is worth noting that we do recognize other tax benefits on international sales that are captured in the revenue line. Our C1 cash costs for the quarter were $46 per pound of copper produced, bringing year-to-date C1 cash costs to $34 per pound of copper produced. While we are reaffirming our revised full-year copper C1 cash cost guidance of $1.20-$1.35 per pound, we now expect to track towards the higher end of the range. At our Xavantina operations, the impact of continued cost pressures related to key consumables were more than offset by higher mine to process gold grades during the quarter. As a result, C1 cash costs were down over $100 an ounce from $643 per ounce of gold produced in the Q2 to $537 per ounce of gold produced in the Q3. On a year-to-date basis, Xavantina C1 cash costs of $604 per ounce of gold produced are trending towards the low end of our revised full-year guidance range of $600-$700 per ounce. While, like our peers, we continue to navigate challenging near-term market conditions that have resulted in compressed operating margins, we remain focused on advancing our growth strategy in anticipation of an unprecedented outlook for copper in the coming years. At our Tucumã project, total project engineering and construction are approximately 40% and 88% complete respectively, on track with the feasibility study schedule. With respect to budget, we now have approximately 30% of planned capital expenditures under contract and another 50% of planned capital expenditures in various stages of tendering or negotiation, giving us visibility into roughly 80% of feasibility study capital expenditures. Based upon prevailing foreign exchange rates, labor costs, and diesel prices, these expenditures are currently forecast to be within 12% of pre-contingency feasibility study estimates. While this estimate is still subject to final contract negotiations, I'm very pleased with where we are tracking and commend our teams here in Canada and in Brazil and our contractors around the world for their tireless efforts in driving this capital discipline. I am equally pleased with progress I am seeing with our Pilar 3.0 initiative, and in particular, the integration of Project Honeypot into Caraíba's strategic life of mine plan, which was completed subsequent to quarter end. Our investments in exploration as well as mining and milling infrastructure over the last five years have created tremendous operating flexibility that has been further enhanced with the success of Project Honeypot. By creating a two-mine system at the Pilar Mine, supported by the addition of higher grade material from Project Honeypot, we see significant increases in mine life of our Caraíba Operations, where we expect to effectively increase the number of operating mines from three to four, compared to just one operating mine in the Curaçá Valley when we IPO'd in 2017. As a result, our team has been able to evaluate numerous production plans with various grade, cost, and capital profiles during this year's strategic life of mine planning efforts. At a time when market conditions are uncertain, we believe this operational flexibility affords us a significant advantage in managing our business to maximize shareholder value. As Noel mentioned at the start of our call, we look forward to discussing progress related to our growth initiatives, including the updated Caraíba strategic life of mine plan during our operational project and exploration update on November eighth. During the event, we also plan to discuss the Curaçá Valley nickel sulfide discovery that we announced at the end of September. This discovery is something that we've been working towards since we first observed nickel occurrences within the Vermelhos mine in 2018, and we are excited about the potential we are seeing to significantly expand the Umburana system in the months and years ahead. With that, I will now turn the call over to Wayne to review our Q3 financial results. Thank you, David, and good morning, everybody. As Noel and David noted, our Q3 financial results reflected solid operating and project execution, mixed with the impact of a challenging macroeconomic environment. Adjusted EBITDA and net income of $32.1 million and $4 million, respectively, were lower compared to the Q2 due to operating margin compression that was primarily top-line driven. Q3 revenues of $85.9 million were down approximately $29 million due to the combination of lower average copper and gold prices, lower quarter-over-quarter production, and a higher allocation of copper concentrate sales to international customers, as well as $10.3 million in out-of-period adjustments related to the final settlements of provisionally priced copper concentrate shipments from the H1 of 2022. While a high allocation of copper concentrate sales to international customers is expected to continue through the end of the year, adjustments related to copper price volatility in the H1 of the year have now been effectively settled. With respect to foreign exchange derivative contracts, we reported realized losses during the Q3 of $5 million relating to legacy hedges that have now been closed out. We also recorded an unrealized gain of $6.8 million on a refreshed hedge book, which has an average floor of 5.06 BRL per U.S. Dollar and a ceiling of 6.26 BRL per U.S. Dollar at the end of the quarter. With a significant portion of our BRL exposure hedged over the next 15 months, we have mitigated much of the FX risk related to our future operating margins. In line with our growth initiatives, our capital expenditures increased to over $90 million in the Q2 and were partially offset by strong cash flows from operations of $43 million. As we approach the end of the year, our balance sheet remains in great shape as our growth initiatives continue to accelerate. With that, we ended the period with $435 million in total liquidity. With that, I'll hand the call back to Noel to share some final comments. All right. It appears that Noel may have just. Sorry, I was on mute. Thank you, Wayne, and everyone who joined the call today. Before we open the call to questions and answers, I'd like to thank our team in Brazil for the strong operating performance and project execution they achieved during the Q3. I will now turn the call back to the operator to open the line up for questions. Thank you. We will now begin the question and answer session. To join the question queue, you may press star then one on your telephone keypad. You will hear a tone acknowledging your request. If you are using a speakerphone, please pick up your handset before pressing any keys. To withdraw your question, please press star then two. Once again, to join the question queue, please press star then one now. Our first question comes from Stefan Ioannou of Cormark Securities. Please go ahead. Yeah, great. Thanks very much, guys. Just curious, and maybe this question's a bit premature given the update we're gonna see early next week. Just thinking about the growth, it's obviously very compelling. Just given sort of maybe the diminished cash flow we saw this quarter, can we anticipate maybe a change to the schedule to get some of these big growth projects done in terms of just modest deferrals over time just to make sure the balance sheet remains strong through that process? Thanks for that question, Stefan, and a good one. Like many companies dealing with margin restriction, we obviously look to everything that we're doing to be able to see where and when and what we can do with regards to cash maintenance, I guess is the right word to use with respect to that. As I mentioned in my talk and my portion of the presentation, and please excuse us, there's a fire engine going by the building. Honeypot provides us with a lot of flexibility as we continue to develop our assets in the Curaçá Valley. We'll be able to share some of that with you when we talk to you. Certainly, I think like every company, we review everything. We feel that we're in a good position to maintain our guidance as we've seen it and as we put it out last year, and potentially to improve upon that, with the addition of Honeypot, with the reworking as we're moving forward of the production plan at Boa. We feel we're in a fairly comfortable position right now with regards to how we're managing our cash and how we're managing our capital programs and projects. Okay, great. That's very helpful. Thanks, guys. Once again, if you have a question, please press star then one. Our next question comes from Craig Hutchison of TD Securities. Please go ahead. Hey, good morning, guys. Maybe a bit of a follow-on question from Stefan. Just with respect to, I guess, the capital spend to date, you guys are tracking quite a bit below guidance. Can we assume that most of that will get caught up in Q4? I guess, again, as a follow-on to Stefan's question, maybe there's a possibility some of that actually does get deferred into next year. Yeah, Craig, some of it will be deferred into next year. It's a matter of the closing of contracts and timing of payments more than anything else. When we look at it, yeah, at the beginning of the year, we have a crystal ball. We're trying to project as best we can with regards to when capital is gonna go out the door. Reality never follows the crystal ball in terms of projections, particularly as we're moving forward with our projects. What I can tell you is our projects are on time and on schedule. What we've said in the presentation today reflects that. Where we're seeing things right now on Boa is related to the timing of payments on certain capital items. With regards to, as we continue to develop Pilar 3.0, there's opportunities that we're seeing with respect to development of that project in light of Honeypot that allows us to potentially reallocate capital in a more advantageous way. We'll just leave it at that. Okay, great. With the life of mine plan that comes out next week, will that, I guess, will make some things more clear in terms of capital? Will that include some updated capital and costs? Or is it more just around grades and tons from the different projects you have, Chris? Yeah, it's gonna be more grades and tons with regards to that. We will be coming out with updated guidance in the new year, as everybody else does. It'll be a production profile. Yeah, we'll come out with new guidance in the new year. Okay, great. Maybe just one last question. Just with respect to labor costs, I mean, have you guys settled all your union contracts already at this point? And kinda what are you seeing in terms of cost inflation on the labor side? Yeah. We haven't completed everything. It's just normal course of business with us with our, well, union. Difficult to say where negotiations come out, but we anticipate them to be lower than what we've seen in the past. Okay, great. Thanks for taking my questions. Our next question comes from Jackie Przybylowski of BMO Capital Markets. Please go ahead. Thanks very much for taking my questions. I think the first one I'll ask is on Boa. You mentioned in the release that the critical path earthworks and site drainage are complete going into the rainy season. Can you talk a little bit about what the construction plan is during the rainy season and where you might see any risks to construction timelines if there is excessive rain? Thank you. Thanks, Jackie. The critical path items for everybody who doesn't know, the Tucumã project is up in Pará State, which has a very intense rainy season. As such, it was critical for us to have certain parts of the project that probably would be done later in a lot of other projects done earlier. We're happy to say that those came in on time and on budget. We've also had a significant rain event. We got 2.5, I think it was 2.5 inches or something of rain in a 15-minute period. That put a good stress test on the project, and we're happy to say it came through in flying colors. As we continue to move forward right now, the paths that we're working on right now, Jackie, are related to completion of the waste dump, liners and construction there. We anticipate starting to put down some of the first material on the waste dump over the course of the next month or so. The pre-stripping of the deposit has begun. Obviously, we're putting some of that waste on the waste dump. Then we are in the process of doing site clearance and earthworks related to the plant infrastructure. All of that is ongoing right now and is progressing on time, and we're very, very comfortable with that. With respect to long lead time items, i.e., as we mentioned in our last quarter, the big critical path items on long lead time are related to the mills. Happy to say that our ball mill is on a ship already on its way to Brazil. Happy to say that we've concluded our contracts with regards to our HPGR mills. W here we stand right now, Antia and the team and Thiago, our great leader down in Brazil on this project, have done an outstanding job, considering what we've seen in other companies around the world with regards to critical path items, et cetera, to get us into a situation where we are today. We are incredibly comfortable. I think the biggest single risk factor to the project, that hurdle has been cleared, and we're looking good right now. Yeah, absolutely. Congratulations to Antia and the whole team. I think the spending that you guys reported is a very positive surprise given the inflationary pressures we're seeing. Can I ask you for an update on speaking of cost inflation maybe, but can I ask for an update on the domestic smelter that you would normally be shipping to? I know I probably asked this in the last quarter, and I think you said it's basically out for this year. Is that still the case? Do you expect you'll be able to ship domestic concentrate and in bigger volumes again early next year? Or do you have any thoughts on that? Yeah, Jackie. T hey've worked through their issues, and they're coming back on schedule and on steam. From our perspective, we'd like to just see them get a little bit further down the road with regards to their working capital, et cetera, in order to start being more comfortable shipping back to them. We are doing a little bit of shipments to them right now. Wayne Drier and Eduardo have been working really hard with them and another company to come up with some ideas with regards to how we can start to move back to them and do things that don't put our cash flows or revenues from them at risk. I think it's watch this space over the course of the next quarter to see how that starts to play out. We obviously, Paranapanema is an important customer of ours. We're super excited with respect to how they've come through a very challenging period for themselves, and we really wanna look forward and support them going into next year with regards to greater sales to them if we can. That sounds very encouraging. Thanks, David, and congrats. Thanks. Our next question comes from Bryce Adams of CIBC Capital Markets. Please go ahead. Yes, hi all. I wanted to ask on potential copper hedges. Given the multiyear build, do you internally discuss copper hedges? I understand that the financing was stressed to $3.25 copper. Given where spot is today, how much consideration do you give to copper hedges over the next 12-18 months? That's a good question, Bryce. Like everything else, we are constantly working with the finance team to evaluate where our cash is, where our cash outlays are going, where our profitability is. F rankly, I think you'd be naive in the current world market and where the copper price is and where cost inflation is to not consider all alternatives to yourselves with regards to that. Yep, we have discussions with regards to copper hedging. Have we considered it either way? No, at this stage. Could that change? Yes. But we're not gonna be naive and say, "No, we don't consider it." We have. Okay. Thanks for the update. This concludes the question and answer session. I would like to turn the conference back over to management for any closing remarks. Thank you, operator. Thank you all for... Go ahead. On you go, Noel. Well, thank you all for joining the call. W e want to remind you that the team is available for any follow-up questions, as we always are. We're happy to discuss any aspects of our business. Thank you all, and have a good day. This concludes today's conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.