Good morning. My name is Ina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Galiano Gold Inc. first quarter 2025 financial 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. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, please press star then the number two. Thank you. Mr. Matt Badylak, President and CEO of Galiano Gold, you may begin your conference. Thank you, Operator, and good morning, everyone. We appreciate you taking time to join us on the call today to review our First Quarter 2025 Galiano Gold results that we released last night. On slide two, we'll be making forward-looking statements and referring to non-IFRS measures during the call. Please refer to the quarterly notes and risk disclosures in our most recent MD&A, as well as this slide of the webcast presentation. Yesterday's release details our First Quarter 2025 financial and operating results. They should be read in conjunction with our First Quarter financial statements and MD&A, available on our website and filed on SEDAR+ and EDGAR. Also, please bear in mind that all dollar amounts mentioned in the conference call today are in US dollars unless otherwise noted. On slide four, with me on the call today, I have Matt Freeman, our Chief Financial Officer; Michael Cardinaels, our Chief Operating Officer; and Chris Pettman, our Vice President of Exploration. For this presentation, I will initially provide a brief overview of the quarter. Michael will give an operations update, Matt will discuss the financials, and Chris will review the recent exploration success his team has had at Abore. I'll then provide some closing remarks and open the call for Q&A. Here on slide five, please note that we are discussing the AGM results on a 100% basis. Starting with safety, we had two LTIs and three TRIs during the quarter. This equates to a rolling 12-month LTI frequency rate of 0.43 and one total recordable injury per million man-hours worked. This falls short of our zero-harm commitment, and during the quarter, we focused on specific actions to address these incidents and strengthen our safety culture. From a mill throughput and grade perspective, the quarter proceeded largely in line with Q4. That said, an unscheduled two-week mill shutdown due to SAG mill repairs reduced production below initial budget projections, impacting gold recovered in the period by approximately 5,000 ounces for the quarter. Mining operations recommenced at Esaase during the quarter, with initial lower-grade oxide ore supplementing material mined from Abore to feed the mill. On an absolute basis, costs remained in line with expectations, though ultimately distributed across fewer ounces produced. We have made excellent progress on strategic initiatives, commencing the Nkran waste stripping campaign in February ahead of schedule. Our financial position remains robust, with $106 million in cash at quarter-end and zero debt. Our exploration team achieved significant success at Abore, identifying a promising high-grade zone beneath the main pit. Additional infill drilling at Abore has strengthened our confidence in the resource model. I'll allow Chris to speak about this in more detail later. During the quarter, we also published a five-year outlook, which projects a 75% increase in production from 2024 levels over the next 18 months. I would like to reiterate that Q1 production figures don't fully represent our expected run rate for the balance of the year. However, the impact of the mill shutdown will result in production moving towards the lower end of guidance in 2025. Now, turning it over to Michael and a discussion on our progress in operations during the quarter. Thank you, Matt, and good morning, everyone. As Matt highlighted, during the first quarter, we unfortunately had two LTIs, resulting in a 12-month rolling LTI frequency rate of 0.43. While this reflects an increase from the prior quarter, a number of safety initiatives were implemented to strengthen our performance moving forward. A mine-wide campaign on hand safety was launched, emphasizing awareness and prevention of hand-related injuries. Refresher training on hazard identification and timely action closure was delivered to supervisors and managers, while a revised energy isolation procedure was introduced across the AGM. Emergency response capabilities were also reinforced through targeted training and a cyanide management simulation. Looking at our mining performance during the quarter, reestablishing the Esaase pit commenced in January and ramped up steadily in Q1, with the mining fleet now split between Abore and Esaase pits. We saw a 4% increase in material movement for the two pits compared to the fourth quarter of 2024. The commencement of Nkran stripping in February, ahead of schedule, resulted in an overall increase of 12% total material movement compared to Q4 2024. Abore continues to expand now that we have completely mined through the historical Resolute pit and backfill material, opening up the pit to allow for more efficient mining practices. This, combined with establishing mining at Esaase, allowed for significantly more ore production, increasing 144% compared to Q4 2024. On to slide seven, please. On the processing performance, as Matt mentioned, the two-week mill shutdown impacted material processed for the quarter. However, we were able to blend ore successfully from Esaase and Abore, allowing for better throughput on a tons-per-hour basis than planned. Crushing limitations will continue to restrict mill throughput until the secondary crusher is commissioned in Q3. However, our blend strategy is helping to mitigate some of the impact. The crusher project is progressing well, and the majority of the critical components have been received on-site or in port awaiting customs clearance, including the crusher itself. More ore is expected to be available from Abore and Esaase pits in the coming quarters, reducing the reliance on historical stockpiles and providing a higher-grade feed source to the mill. We produced just under 21,000 ounces for the quarter, primarily impacted by the extended mill shutdown, but with the increasing availability of ore and higher grades from Abore and Esaase in the second half of the year, and the expectation of the secondary crusher being online in Q3, we are maintaining our production guidance of between 130,000 and 150,000 ounces. On to slide eight, please. Unit costs for mining at Abore and Esaase are in line with our expectations and have come down to $3.31 per ton from $3.41 per ton in Q4 2024. Per ton compared with $4.75 a ton in Q4 2024, with a larger percentage of material now being trucked from Abore compared to Esaase, which has the higher unit rate being further from the Obertown and Rompat. On the back of the mill downtime, the lower tons milled resulted in higher-than-planned unit costs for the processing plant at $14.37 per ton, although down 9% compared with the previous quarter, Q4 2024, attributable in part to feeding some historical stockpile material in Q1, which is softer than the Abore ore. We saw approximately $3.3 million spent on development capital in the quarter, and at Nkran, we spent another $3.2 million as the waste stripping campaign commenced ahead of schedule. Site G&A for the quarter was $5.78 per ton milled, an improvement over Q4's $6.28 per ton milled. Overall, costs are being well managed, and we should see better alignment as the year progresses and the plant processes more tons and we produce more ounces. With that, I would like to turn it over to Matt Freeman to discuss the company's financial results. Slide nine, please. Thanks, Mick. Good morning, everyone. On this slide, we've outlined some of the key financial metrics for the quarter. We generated revenues of $77 million in the first quarter at a realized price of $2,833 per ounce, being able to sell gold at market prices, having terminated the offtake agreement back in Q4. We generated positive income from mine operations of $15.4 million, but net earnings were negatively affected by the fair value adjustments to our hedge book following a historic run-up in gold prices, such that we recorded a net loss of $29 million. However, adjusting for the unrecognized portion of the hedge loss, adjusted income was $3 million, whilst EBITDA was approximately $26 million. We generated $26 million in cash flows from operations and ended the period flat with respect to cash, despite the ongoing stripping at Abore, recommencing mining at Esaase, and beginning the waste strip at Nkran. We continue to focus on the cost structure of the mine and are pleased that operating costs in aggregate remain consistent with recent quarters. Given production was on the low end this quarter, that does translate into higher ASIC at $2,500 per ounce, but we're confident that as production increases in line with the 2025 plan, that ASIC will start to fall commensurately. At this point, it is worth noting that a historically high gold price, although obviously a positive for the business overall, does create some uncontrollable pressure on ASIC by increasing royalty costs. Our guidance had assumed royalties would be based on $2,500 per ounce or approximately $125 per ounce of royalty. Secondly, for our business, in March, the Ghanaian government increased the growth and sustainability levy by 2%, which is directly applied to revenues. The impact of both high gold prices and the high levy could impact ASIC by as much as $55 per ounce based upon current spot gold prices. Mining costs, as Mick noted, were below $3.50 per ton mined. This is a key component of the cost structure, which helps sustain margins in this high-price environment. We also remain disciplined with capital deployment, only spending when critical, and with a clear line of sight to value creation. Our largest ongoing capital project is the installation of the secondary crusher circuit, which is critical to maintaining throughput at or above nameplate levels, even when processing harder material from Nkran and Abore. This remains on track for completion in Q3 2025. Additionally, our capital program for the year includes the next lift of the tailings facility, Stage 8, which is expected to commence later this year. Slide 10, please. As we've mentioned, we continue to maintain a very strong balance sheet even during this period of high stripping, ending the period with $106 million in cash and still no debt. We remain in a very strong position to continue to develop Nkran, invest in the exploration, and continue to explorate to execute on the Asanko mine plan. With that, I'll turn it over to Chris Pettman, who will in part discuss the positive drilling results we recently published. Great. Thanks, Matt. It was another busy quarter for us in exploration, with two active drill programs at Abore and Akoma, as well as various ongoing generative activities. At Akoma, our drilling targeted northeastern extensions of the mineralized shear zones along strike. The positive results we achieved in 2024, with drilling now complete and results expected in Q2. Our regional generative activities have continued, including the startup of the SkyGold B ground IP survey, which was designed to assist in additional drill targeting following the 2024 drilling that identified multiple large gold-bearing shear zones at the SkyGold prospect area. Drilling activities also continued, I should say, targeting activities also continued at the Anseroma target area, which is located along strike to the southwest of Nkran. Now, obviously, results from drilling at Abore were the highlight of the quarter for us, which I'll discuss in some detail. The current program was primarily focused on infill drilling in and around the known south high-grade zone in order to increase our confidence in the mineral resource model as we advance mining at the south pit, as well as testing for continuity of mineralization below the reserve pit in certain prioritized areas. Results were excellent, with all of the holes returning intercepts that were either in line with or exceeding expectations of the mineral resource model. With these infill holes, we have now expanded the strike length of the south high-grade zone from approximately 90 meters to 180 meters. As you will have seen from our press release last week, we reported numerous thick high-grade intervals throughout this zone, including hole 315, which was 34 meters at 12 grams a ton gold from 192 meters and 11 meters at 7.2 grams a ton from 239 meters, as well as hole 325, which was 38 meters at 6.7 grams a ton from 195 meters. These holes are representative of the quality of mineralization we see throughout this zone. A particular note this quarter is the discovery of a new high-grade zone below the reserve pit and outside of the mineral resource at the south end of the Abore main pit. Hole 346 intercepted 50 meters at 3.1 grams a ton from 100 meters, which places the top of this zone immediately below the reserve pit. This is obviously an exciting result for us as it further highlights the fact that the Abore mineralizing system may indeed be much larger than we currently understand. Based on these results, we have identified several high-priority structural drill targets at depth as mineralization remains open across the entire 1,800-meter deposit strike length. The next few slides, I'll show some of the highlights of the Abore results. Next slide, please. This image shows the location of the 2025 drilling in plan view, along with the position of some of the best intercepts. As you can see, we focused on the south pit but did put several holes into the northern pit area, which also returned excellent intercepts, including 23 meters at 3.1 grams a ton in hole 329. Next slide. These two cross-sections, I think, are helpful to demonstrate the growth potential at Abore. The image on the right shows the position of the new high-grade discovery at Abore Main, immediately below the reserve and outside of the resource. This zone is open down dip and along strike and is a priority target for follow-up. The image on the left shows the new northern extent of the south high-grade zone. These two wide high-grade intercepts both lie below the reserve pit at grades that were better than expected in the mineral resource model and contributed to extending the strike length of the zone, which we now know to be approximately 180 meters. Next slide. This is a long section through the Abore deposit from north to south and shows the location of the newly discovered zone as well as the south high-grade zone discovered in 2023. 2025 drilling is shown here in teal, with previous drilling shown in purple. In addition to increasing confidence in the mineral resource model, this latest round of drilling has confirmed that mineralization continues at depth and has provided valuable new structural insights for the team. There are several structural corridors that may be controlling these high-grade ore chutes, as highlighted here in this image, along with several high-priority targets that remain untested. The next phase of drilling will test these multiple corridors for further extensions of this high-value ore, and we believe there is significant upside for further resource growth at Abore, either for future surface mining expansions or an eventual transition to underground operations, given the high grades and significant width we're seeing as we continue to test the deposit. The exploration team is busy planning for our next round of drilling, and we're certainly excited to see what else Abore has in store for us. With that, I'll give it back to you, Matt. Thank you, Chris. Moving on to slide 15. With our asset highly leveraged to gold and metal prices well above $3,000 an ounce, Galiano is uniquely positioned to deliver exceptional value for our shareholders. We project a 75% increase in gold production by 2026. Our investment in developing Cut 3 at Nkran is off to a solid start, and a strategic focus of our technical team is to develop a maiden underground resource at the AGM by year-end. We continue to operate from a position of financial strength, with over $100 million in cash and zero debt. Galiano's compelling value proposition, based on strong organic growth over the next two years and potential expansion of mineral resources through effective exploration, as we have seen at Abore, make us an attractive investment opportunity in today's market. With that, I'd like to turn it back to the operator and open up for any questions. Thank you. Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press star followed by the one on your telephone keypad. You will hear a prompt that your hand has been raised, and should you wish to cancel your request, please press star followed by the two. If you're using a speakerphone, please lift the handset before pressing any keys. One moment, please, for your first question. Your first question comes from the line of Heiko Ihle from H.C. Wainwright, please go ahead. Hey there. Thanks, Matt and team. Thanks for taking my questions. Can you hear me okay? Thanks, Heiko. Appreciate it. Good morning. Perfect. Sorry, I just heard silence there for a second. Going through a presentation here that you were giving during this call, page 12, obviously, almost all the drilling was in the south pit. Just walk me through your intermediate and longer-term expectations. I mean, 2025, I assume there'll be at least a little bit of drilling elsewhere. Walk us through your longer-term expectations, and then also walk us through with maybe what you saw on drilling versus what you expected to see. Sure. Maybe I'll take that one, Heiko. Good morning. Yeah, I guess I'll start with first what we expected to see versus what we did see. You're right in that we focused in the south pit, primarily because, Haikou, initially, we wanted to understand and make certain that the high-grade zone was as robust as the model was predicting it was. In all of the holes we drilled, we saw, as I mentioned in the call here, either as good grades and intercepts as we thought we were going to or better. Typically speaking, they were wider and higher grade than we thought they were going to be in our current resource model, which is obviously one of the things that was exciting for us, particularly with the expansion of the zone. Right before we started that drilling, it was 90 meters in strike length, and now with the infill, we've expanded that, and we know it's 180 meters of significantly high-grade material. I think hopefully that answered that question about what we saw versus expectations. Obviously, the new discovery, that was out of the blue in terms of the resource model. The model there had little to no mineralization. We suspected there might have been a structure there that we were going to chase, and obviously, we were happy with those results with a very chunky bit of high-grade mineralization at 50 meters. Importantly, it looks very similar to the high-grade zone in south pit in terms of its morphology. In terms of the next phases here, we are currently drilling some deeper targets all along the strike length of the ore body. I mean, we're still at shallow depths here, right? I mean, we've only drilled to about 150 meters below the surface. And so we have a pretty comprehensive plan to test these targets further. We're currently designing the plans now for follow-up. We'll be testing the down dip extensions of these zones, both the south pit and the new high-grade discovery, as well as some of these structural targets that we've identified now that are pretty exciting for us, whether that means that we're at depths that could be amenable to underground mining or whether that could be future expansions of the open pit. We're looking at both scenarios. Does that answer your question, Heiko? I think that's a very good answer to the question. I think that's helpful for us to analyze the longer term here as well. You're maintaining your production guidance here today, but I got to ask. I mean, with the secondary crusher commissioning in Q3, you state that the majority of equipment has been received or is awaiting customs clearance, which at least means it's on land. What happened with the cost of all the equipment when it was all said and done versus your expectations? How much has actually been paid thus far? And is there any balance still owned? Owed, not owned. Also, just changing course a bit, what sort of downtime should we expect for the install? Thank you. Good morning, Haikou. It's Matt Freeman. I'll take the cost piece of that. The secondary crusher project remains on budget. As you'd expect, as we said, we're expected to finish that in Q3. We've only spent a portion of the amount. A lot of the CapEx equipment, we've paid installments and partial upfront payments. We spent a couple of million bucks this quarter, and I think the overall budget was around $5 million. We've still got some more to spend, but it's on budget. We're happy with where it's tracking. Importantly, as you say, the equipment's in country and is moving towards site if it's not there already. With respect to downtime, I'll maybe flip that one back to Mick if he can give you a bit more details on that. Yeah, thanks, Matt. Good morning, Heiko. In terms of downtime, we should only need a number of days to tie in the circuit once everything has been commissioned. We're luckily able to do most of the pre-works while the plant is still running. Even then, once we go to tie in the secondary crusher and the new conveyor systems themselves, we can isolate the feed conveyor from our primary crusher and still run the feeder that comes from our coarse ore stockpile to maintain some mill production while we're tying in the rest of the circuit. We only expect it to be down for a couple of days. We'll tie in some other maintenance work along with that crusher shut and tie in. We'll do mill reline and such to take advantage of that crusher tie-in shutdown, I guess. Do you expect to even feel the impact? Because, I mean, I assume there's preventative maintenance going on just about every quarter. Should we even model any sort of impact from this? We do not really expect a significant impact from the shut to actually tie the crusher in itself. We have contingencies in place with our mobile crushers and everything. There is some additional work for shortening some of the conveyors, which will no longer be necessary once the secondary crusher is installed. We will push those out to a shutdown later in the year to maintain that flexibility should we have any issues with the commissioning. We expect. Heiko, maybe I just. Yeah. Maybe I just add something to that as well. I mean, the production forecast that we're estimating for this year does include all of that downtime as well, right? That's been captured in the production numbers at our projections for the year. Nothing additional to what's already been captured there. That's helpful. Perfect. I'll get back to you and stop hogging up the question line here. Thanks for the answers. Perfect. Thank you. Thank you. Once again, should you have a question, please press star followed by the one on your telephone keypad. Once again, that is star and one to ask a question. Thank you. That ends our question and answer session.