Good morning, everyone, and thank you for joining G Mining Ventures' Third Quarter 2025 Results Conference Call. All participants are in listen-only mode. Following the formal remarks, we will open the lines for questions. Please note that today's call is being recorded. I will now turn the call over to G Mining Ventures. Please go ahead. Thank you, Operator, and thanks to everyone for attending G Mining's 2025 Third Quarter Financial Results Conference Call. My name is Jean-François Lemonde, Vice President of Investor Relations for G Mining Ventures. Before we begin, please note that today's discussion may include forward-looking statements. Actual results could differ materially. For more information, please refer to the cautionary statements in our MD&A and on slide two of today's presentation. Joining me today are Louis-Pierre Gignac, President and CEO, and Julie Lafleur, CFO and VP Finance. This morning, we will review TZ's operational and financial highlights for the third quarter and year-to-date 2025. We will provide updates on our Oko West project as well as Gurupi. We will close the session with key catalysts and our outlook for the remainder of the year. With that, I'll turn it over to Louis-Pierre to begin the discussion. Thank you, Jean-François, and good morning, everyone. G Mining delivered another record-setting quarter, achieving steady-state operations at TZ, generating strong free cash flow, and advancing Oko West through the final permitting and project financing. Free cash flow reached $95.8 million for the quarter and $190 million year-to-date, with another strong fourth quarter anticipated to complete the year. At Oko West, the team secured the environmental permit on September 2, and the board approved full construction following the $387.5 million financing package. Strong operational results were matched by strong safety performance. With only one lost-time incident in the quarter, our year-to-date lost-time incident frequency rate remains very low at 0.11, a testament to our disciplined culture and engaged team. During the quarter, TZ produced 46,360 ounces of gold at a cash cost of $721 per ounce and an all-in sustaining cost of $1,046 per ounce, generating a $2,068 per ounce margin, among the strongest in the sector. For the first nine months of 2025, production totaled 124,525 ounces at an all-in sustaining cost of $1,121 per ounce, confirming consistent low-cost performance. With 71% of annual production delivered by quarter and access to higher-grade zones in the fourth quarter, we are on track to achieve our full-year guidance. Year-to-date 2025 all-in sustaining cost remains in line with our annual guidance, primarily reflecting a lower rate of sustaining capital expenditures. Fourth quarter performance is expected to deliver all-in sustaining costs within the full-year guidance range. The mining rate averaged 55,000 tons per day, a 15% increase from the prior quarter, driven by the commissioning of a third production shovel and three additional haul trucks added to the fleet. 1.8 million tons of ore at an average grade of 1.18 grams per ton was mined, with additional waste mining capacity resulting in a strip ratio of 1.83 for the quarter. The mill sustained an average throughput of 11,890 tons per day, or 92% of nameplate capacity, demonstrating stable operations, high availability, and strong plant performance. For the third quarter of 2025, total cash costs averaged $721 per ounce sold, with a site-level all-in sustaining cost of $971 per ounce and a consolidated all-in sustaining cost of $1,046 per ounce, all in line with guidance and supporting sector-leading margins. This performance places TZ firmly among the lowest-cost gold producers globally and among the highest-margin operations in the industry. The mill processed just over 1 million tons of ore at an average throughput of 11,890 tons per day, or 92% of nameplate, at an average grade of 1.43 grams per ton and recoveries of 92.3%. On a unit basis, mining costs averaged $325 per ton mined, processing costs of $1,231 per ton milled, and site GNA of $687 per ton milled. Our year-to-date all-in sustaining costs ranks in the lowest quartile of producers worldwide, while margins remain the strongest in the Americas. TZ continues to exemplify industry-leading efficiency and profitability among mid-tier gold producers. I'll now turn it over to Julie to discuss how these results translate into record earnings, cash flow, and disciplined capital allocation. Thanks, Louis-Pierre, and good morning, everyone. The third quarter delivered another strong financial performance for G Mining Ventures, reflecting continued operational strength, disciplined cost control, and a constructive gold price environment. Revenue reached $162 million, an increase of 25% from the second quarter, supported by steady production and a realized gold price of $3,292 per ounce, or $3,114 per ounce after the stream. Adjusted EBITDA rose 32% to $123 million, and adjusted net income totaled $114 million, or $0.50 per share. Reported net income of $124 million, or $0.55 per share, reflects both operational strength and the initial impact of the SUDAM tax incentive, which lowers our Brazilian effective corporate tax rate from 34% to approximately 15% for the next 10 years. These results reflect the continued strength of our margin profile and the discipline that supports reliable cash generation quarter after quarter. Operating cash flow before changes in working capital totaled $107 million in the quarter and $211 million year-to-date, supported by steady-state production, robust realized prices, and a stable cost base. Sustaining capital totaled $12 million in the quarter and $36 million year-to-date, fully aligned with expectations. Non-sustaining capital of $97 million was primarily directed to Oko West, reflecting progress on long-lead equipment commitments for the grinding mills, process plant components, power plants, and mobile equipment, along with $4 million for exploration across the portfolio. At TZ, sustaining capital remains well aligned with plan, supported by proactive maintenance planning and optimized sequencing of tailings construction. These efficiencies help preserve flexibility for future expansion while keeping unit costs stable year over year. We began the period with $156 million in cash and generated $107 million of operating cash flow. From that, we invested $12 million in sustaining capital at TZ and $93 million at Oko West, both fully in line with plan. The deferred consideration of $60 million was paid during the quarter as scheduled to Eldorado Gold Corporation for the acquisition of the TZ property. We closed the quarter with $95 million in cash and long-term debt of $118 million, or net debt of $24 million or 0.07 times trailing 12-month EBITDA. This slide outlines our sources and uses of capital to form the Oko West build. On the sources side, we maintained total liquidity of approximately $1.27 billion, comprised of cash on hand of $95 million, projected free cash flow from TZ of $650 million, available under our $500 million revolving credit facility, and $27.5 million in equipment financing. On the uses side, total capital requirements are estimated at about $1.01 billion, largely related to the remaining construction capital at Oko West of $817 million. That leaves a projected liquidity surplus at consensus gold price of roughly $260 million, providing significant flexibility and a strong financial position as we advance through construction. Thanks. With that, I'll hand it back to Louis-Pierre to discuss progress at Oko West and across our broader growth pipeline. Thanks, Julie. Cash spending at the project through the end of September was $110 million, with an additional $46 million in prepayments for a total spend of $156 million. Total commitments to date, including amounts spent, total $334 million, with a focus on the procurement of long-lead items, including items related to power plants, mining equipment, and processing equipment. Detailed engineering is 36% complete. Early works construction has been successful in getting a head start on construction, with site clearing 15% completed, 12 km of access road operational, mass excavation of the permanent camp and barge landing largely complete, 6% of project concrete poured, and work started on the tailings storage facility. The total workforce stands at 710, including 520 employees and 190 contractors, with over 80% being Guyanese nationals. The project is tracking on time and on budget, with first gold targeted for the second half of 2027. While constructing, we have continued our exploration efforts. During the third quarter, we announced the discovery of a high-grade ore chute at Oko West, with intercepts grading up to 21 meters at 3.8 grams per ton gold and 14 meters at 4.38 grams per ton gold. This newly identified plunge starts at surface, is outside the existing pit, and could be easily integrated into both open pit and underground mine plant. We also confirmed a newly interpreted splay model with intercepts up to 11.9 meters at 5.26 grams per ton and 14 meters at 1.1 gram per ton. The splay model integrates validated structural insights, providing a framework to better target mineralization outside the main vein systems and further demonstrates the continued upside of the Oko West deposit. During the quarter, drilling focused on blocks five, six, and seven below the southern portion of the pit, and regional exploration was also restarted in the northwest extension and north Takitu targets. Through proactive procurement and in-house construction management, much of the typical schedule risk has already been mitigated. Key long-lead items are ordered, and major civil works for the power plant area and grinding circuit will be started before year-end. Structural steel erection for the permanent kitchen is progressing and represents an early critical path element essential to supporting the expanding on-site workforce. Concurrently, additional dormitory facilities are being completed within the permanent camp to sustain the ongoing ramp-up of project activities. Activities are being scheduled with the objective of achieving first gold in the second half of 2027 and commercial production in 2028. The build is progressing with the same disciplined approach that successfully brought TZ into production, emphasizing controlled execution, strong cost discipline, and an unwavering commitment to safety and quality from the start. Following the favorable federal court ruling in July for Gurupi, we've restarted the environmental licensing process under updated standards and re-engaged with the local and federal stakeholders. This reset ensures the project advances under a clear, modern framework that aligns with current regulations and community expectations. At the Gurupi project, third quarter fieldwork continued to advance exploration at the Grodiocal targets. Trenching delivered encouraging results, highlighted by 9 meters grading 3.52 grams per ton and 3 meters grading 3.63 grams per ton. These results demonstrate an 800-meter strike length of continuous surface mineralization situated approximately 2 kilometers north of Chega Tudo. Drilling commenced on November 11 with an 18,500-meter drill program aimed at targeting both near mine extensions and regional targets to drive further resource growth. We've continued to strengthen our local engagement with the surrounding communities. As activities ramp up, we're committed to reinforcing the strong relationships we have started to build. With the strong exploration potential and the already existing mineral resources on the property, Gurupi represents a meaningful long-term growth project for the company. Slide 23 highlights our key catalysts and priorities heading into 2026, a year of execution and growth as G Mining Ventures evolves into a multi-asset gold producer. At TZ, our focus remains on maintaining steady-state performance, continuous optimization, and strong free cash flow generation. The mine is delivering robust cash flows to fund our growth. At Oko West, construction momentum is set to accelerate through 2026, with major equipment deliveries, structural installations, and mine pre-production activities progressing in parallel. With permits and financing in place, the project is substantially de-risked and remains on track for first gold in 2027 and commercial production in 2028. At Gurupi, we're progressing both exploration, permitting, and parallel, with drilling and baseline studies now underway, laying the groundwork for a third long-term growth platform in Brazil. With one of the lowest cost structures in the Americas and a fully funded growth pipeline, G Mining Ventures is well positioned to deliver sustained free cash flow growth. Our path forward is clear: continue executing on our build, operate, and explore strategy to drive long-term value creation for shareholders. With that, I'll turn the call back to the moderator to begin the Q&A. Before we open the floor for questions, a quick reminder: phone participants can dial Star 1 to ask a question, and webcast viewers can continue submitting their questions via the Q&A function. We'll pause for just a moment to compile the Q&A roster. Your first question comes from the line of Allison Carson with Desjardins. Your line is open. Thanks. Good morning, LP and team, and thanks for the questions. I would just have a question on grade. In terms of grade for Q4, you mentioned that you expect to be in some higher grade zones. Are you currently mining in those zones? I was just wondering if you could guide us a little bit on how much higher you expect the grade to be versus previous quarters. Yeah, we are basically accessing some of this higher grade that we had planned. We do expect it to be a bit higher than Q3. Something around 1.5 gram per ton is where we should be for the quarter. Okay, perfect. I guess just a question. I know you just started drilling at Gurupi, but I was wondering how that's going so far and maybe when we can expect the first drill results to be announced. Yeah, we actually got the first drills turning this week, so we're pretty excited about that. It's been a little while to get that program mobilized and get it going. Based on that, I think we'll be in a position in Q1, early Q1, to provide some initial results on that. That's our target right now. Great. Thanks. We're looking forward to those results. That's all the questions for me. Congratulations on a great quarter. Thank you, Allison. Your next question comes from the line of Rabi Nizami with National Bank of Canada. Your line is open. Thank you. Good morning. Good quarter, guys, on cost control and free cash flow, of course. Could you elaborate a bit on the sustainability of the all-in sustaining costs that we're seeing in Q3 at $1,046 as we're looking into Q4 in 2026? Specifically, how much of that improvement do you think reflects temporary factors like the sustaining CapEx or inventory movements versus stable costs that you can expect as you settle into steady state going forward? Yeah, I would say if you look at just our operating costs, they've been pretty stable throughout the year. What's been the slight variance kind of quarter to quarter is the level of sustaining CapEx that falls in the quarter. We do expect a bit higher sustaining CapEx for Q4 because it was always kind of back-ended. Really, the point is I think we're guiding really well to be within our annual guidance for all-in sustaining cost. Thank you, LP. Next question comes from the line of Phil Kerr with Ventum Financial. Your line is open. Morning, everyone. Congrats on a fantastic quarter, and definitely a strong quarter of free cash flow. Definitely stands out. Thanks for taking my questions. First off, you may have touched on this, sorry if I missed it, but could you give an update on how the accelerated waste stripping is going at TZ and if we're expecting additional mobilization of equipment to complete this initiative? Yeah. I mean, we got the additional equipment commissioned during the quarter. The equipment was a bit late coming in and getting commissioned. What we're going to see is our mining rate continuing to ramp up, especially next quarter as we'll have that full equipment running for the full three months of the quarter. We'll likely be able to be stripping a higher strip ratio, which is what we will be expecting in Q4. Beyond that, we basically have the full fleet that we need. As the years go by, we'll be adding some additional trucks to compensate for longer haul routes, but the primary loading units are all in place now at TZ. Yeah, that's perfect. Maybe with the extra capacity and new equipment fleet here, how does this impact your planning for the rainy season and what measures might be in place to mitigate any impacts on production? Yeah. I mean, normally, we're fully rocked in in terms of all our roads. We have an aggregate plant on site. Now we've gone through several seasons of rainy season. Our site is now much better prepared to withstand the rainy season. Also, basically, we do our mine sequencing, so we're not just relying on the pit bottom for production. We have mining phases that are on higher benches that allow us to better get through the rainy season. Beyond that, we have over a year of stockpiles on surface. It's obviously lower-grade material, but there's never a case where we won't have material to feed through the plant at any given time. That's perfect. Thank you very much. Again, everyone, if you would like to ask a question, press star one on your telephone keypad. Next question comes from the line of Anita Soni with CIBC World Market. Your line is open. Hi, good morning, Alfie. I just wanted to get an idea of the cadence of CapEx spend going into 2026. Is it fair to assume that it would accelerate over the year? Is it still in line with what the feasibility study had for year-two CapEx? Next year will be a lower year of sustaining CapEx compared to this year, given that we had a big push of mining equipment this year. Notwithstanding the capitalized waste stripping, we'll be around $40 million for next year. This year, we're completing the CTSF-2 pond expansion, so that'll be complete this year. What we have planned for next year is a raise for the FTSF, the Flotation Tails facility. That will be one of the main CapEx items for next year, but we're talking around $6 million-$8 million for that. Really, as we go year on year beyond that, it's a decreasing trend of sustaining CapEx. That's basically in line with the feasibility study. All right. So you said $40 million, and then you have on top of that the capitalized stripping. Do you know how much the capitalized stripping is going to be next year? I don't have that at the top of my mind here, but we can get back to you on that. Yeah. Okay. My question was actually originally for Oko. Sorry, I'm tired. I was just wondering what the CapEx spend would be over the course of the year at Oko West. Yeah. This year, we guided $200 million-$240 million. We're basically going to try and do a bit more than that this year, just given we're on an accelerated schedule where we're trying to front-load some of the work and spending and progress. We're looking at maybe $250 million-$260 million for this year. Next year, I think we're around $300 million for next year. an even spread, or is it ramp up over the course of the year? Or maybe it just goes down during rainy seasons or something, so. Yeah. I mean, it's a slow ramp up in spend, but it is sometimes lumpy with the payment for some of the equipment when it gets delivered. If you look at our spend this quarter, essentially it was $95 million, which was basically all funded through cash flow from TZ, which was a nice position to be in. Okay. And then final question, in terms of total exploration spend between expensed and capitalized, could you give us a ballpark for that for next year, 2026? Yeah. We'll be providing more clear guidance for next year towards the end of the year, beginning of next year. But just to give you an idea, I mean, this year was a big increase in exploration spend. And given our expectations for Gurupi and results that we do expect to be successful there, we'll likely be increasing that budget. So it likely will be more in the $25 million-$30 million range for next year. Okay. Thank you. That's across all three projects, yeah. That would be the expense portion, right? No, that's the. Total? Capitalized. Yeah. Oh, okay. All right. That's it for my questions. Thanks. We will take our question on the webcast. We have a question. Good morning, all. Congratulations on the quarter. Good to see the throughput hit nameplate. My question is around CapEx, both sustaining as well as growth. Do we expect them to come in within guidance, or do we see some spend deferred to first quarter of 2026? Yeah. So basically, like we were saying, the sustaining CapEx for the year will likely be slightly on the low side of it for the year. So within guidance, but on the lower side for the sustaining CapEx. Next question on the webcast will be the average gold price realized in Q3 is roughly 5% or $160 per ounce below senior and intermediate producers' average. Is this due to the timing of gold sales? Any other color? I'm not so sure I got the question properly, but if we're comparing to other producers, I wouldn't know what they have. Yeah, it's more likely a timing of gold sales versus the average market price. Okay. Thank you. There are no further questions in the queue. So that concludes G Mining Ventures' Q3 2025 conference call. Thank you again for joining us. Stay connected via our email list and social media updates. Enjoy the rest of your day.