Good afternoon, ladies and gentlemen. My name is Jason, and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold Conference Call and Webcast to discuss the company's First Quarter 2021 Financial and Operating Results. 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, press the pound key. With that, I would now like to turn the call over to Senior Vice President of Investor Relations, Mark Utting. Thanks very much, operator, and good afternoon, everyone. Welcome to Kirkland Lake Gold's First Quarter 2021 Conference Call and Webcast. On the call today are many members of the Kirkland Lake Gold senior management team. Speaking today will be Tony Makuch, our President and CEO, David Soares, our Chief Financial Officer, Natasha Vaz, our Chief Operating Officer, Larry Lazeski, our General Manager for Detour Lake Mine, Evan Pelletier, our Vice President of Mining for Kirkland Lake, Ion Hann, our Vice President and Co-lead of Australian Operations, and Eric Kallio, our Senior Vice President of Exploration. There are several other members of the management team on the phone as well. After we go through the presentation, we'll open up the call to questions. We ask that each person limit themselves to two questions. The slide deck that we'll be referring to is available on our website, both on the homepage and in the Events section. Before I get started, I would like to direct everyone to the forward-looking statements on slide two of the slide deck. Our remarks in answers to questions may and likely will contain forward-looking information about future events affecting our company. Please refer to slide two, as well as the Forward-looking Information section on our most recent Management Discussion and Analysis dated May 5th, 2021, for more information. Also, during the call, we will be making reference to non-IFRS performance measures. A reconciliation of these measures is available in our most recent MD&A. Finally, all figures mentioned today will be in US dollars unless otherwise stated. With that, I'll now turn the call over to Tony Makuch, President and CEO of Kirkland Lake Gold. Hey, thanks, Mark, and thanks, everybody, for being on the call. I know it's been trying times for people, but at the same time, it's a pleasure to get the opportunity to give an update on how much success we've had at Kirkland Lake in Q1 of this year. I'm going to start on slide four, and actually getting back to just the thoughts to start off with. These are challenging times, but there are also opportunities, and you get to, I guess, more and more as we go through this, and I know we're all going through COVID fatigue, and it's affecting a lot of people in a lot of different ways. A lot of good is coming out of people, and we really got to acknowledge the support we're receiving from shareholders, from communities, from even the support we've received from the local health units up in Kirkland Lake and in the Timmins region in Northeastern Ontario as well as the support from the people in Australia. Also, we have to acknowledge the people that work for us. These are definitely trying times. The families are coming to work and performing and putting in a good day's work this time, and we really appreciate all the effort that's been happening. Our main goal is to maintain a safe workplace, and there's definitely things constantly evolving and changing and it could be challenged. Because of the people and the support we're getting from all the people that work for us, I think we're moving forward, and we're winning the battle. With this slide, I'll begin to talk about COVID-19 and in terms of our COVID-19 protocols. We have a lot of protocols in effect, and they continue to be in effect throughout the quarter. As well, we included new measures, including much more rapid testing at Detour Lake. We can now test basically anyone coming to our operations. Anybody can get tested, and within 15 minutes, we would give you the result. In terms of some of the impacts of COVID-19 during the quarter, we did have eight workers test positive, five at Macassa and three at Detour. In every case that this happened, the workers have fully recovered, and there's been no additional transmission of the virus on-site. The five cases at Macassa were all in early March, and they were deemed an outbreak as defined by the local health unit. In response, we shipped 64 rapid test kits and over 1,200 swab kits to Macassa and tested the entire workforce. The outbreak was resolved quickly with no further transmissions on-site. Just over a week ago, we had another occurrence at Macassa, again classified as an outbreak by public health, and it involved our near-surface ramp project at Macassa, where we're developing into that near-surface ore. We ended up here, and it's overall seven people tested positive. We did suspend the work on the project and tested all people during the period of time. Project was halted for just under a week. I can tell you we've had no further cases emerge, and we resumed work on this project last weekend. Turning to slide five, Q1 2021 was also a very important quarter for us in terms of our commitment to responsible mining. We released our 2021 sustainability report. In it, we highlight a great deal of progress the company's made both in terms of the work we are doing and our capabilities around reporting and disclosure of ESG issues. Also during Q1, we pledged to achieve net zero emissions by 2050 or earlier. We're well-positioned to achieve this goal and already being an industry leader in reducing and minimizing greenhouse gas emissions. During the quarter, to follow our pledge with it, we made a commitment to invest $75 million per year for five years in technology and innovation at our sites in working towards looking at alternative fuels and supporting our efforts toward reducing our carbon footprint. A big part of it is in supporting our communities. These are our three key areas we will focus on in here, and one, as I talked earlier, would be investing in alternative fuels and energy, looking for new ways to do work that reduces our carbon footprint, building the mines of the future by promoting automation and digitization, looking for alternative ways we understand the impact that we do at site, whether it be Detour, Macassa, or at Fosterville, to find ways we can minimize that impact, we eliminate that impact, or offset it in some ways. Also, I think a big thing, what we've been doing is investing in communities, and investing in communities, especially during these times, we want to focus on mental health, homelessness and addiction, senior citizen care, and a big area that we feel is important in youth training and development for a number of reasons. Turning to slide six, getting to the results of the first quarter, we did turn a solid performance. We previously indicated that the first quarter of this year was expected to be our lowest quarter of production and the highest quarter of unit cost for the year. We even put our guidance for the quarter to drive that point home. We beat our guidance when we reduced our production and within our own sustaining costs. The beat of our guidance and even our own budgets for the quarter really reflected a very strong operating performance from the people. A lot of work was done. We really came together a lot in March. For the quarter, we produced 302,000 ounces, and we had operating cash costs of $542 an ounce and all-in sustaining costs of $8.46 an ounce. I'm sure everybody can read that. Looking at earnings and cash flow, we had adjusted net earnings of $0.62 per share. We had free cash flow of $43 million in the quarter. Assuming current gold prices, we fully expect to see stronger numbers for the balance of the year on financial performance. That also applies to our operating results. We also returned just under $100 million to shareholders. This included $50 million in dividend payments during the quarter, following the 50% increase in the quarterly dividend, and $46 million related to our NCIB share repurchase through our NCIB. Going to slide seven now. We had some key developments as well in the quarter. We achieved additional exploration success. In fact, we issued a press release earlier this week with new, very encouraging drill results at Detour Lake. Really, there's been a number of very good results coming out of Detour and the drilling we're doing there. We also continue to make excellent project with our growth projects during Q1. Our Number 4 Shaft project at Macassa remains ahead of schedule, and the multiple projects at Detour Lake are going very well. Larry and Natasha will talk a little bit about that later on in terms of some of the progress there. Also, we issued a new technical report for Detour at the end of the quarter. It outlines a very attractive project that we expect to improve upon going forward, mainly supported by what we're going to with the drilling and come up with an updated resource and reserve. Even if you go to that, just look at that report and our projections now for the next five years, production in 680,000-720,000 ounces a year and then growing to 800,000 ounces a year, that report does show a dip while you go through a low-grade cycle and an extra stripping for a year and a bit. We grow production over 900,000 ounces a year in that report. Part of what we're going to work on with the updated resource and reserve estimate that we expect to come out at the end of 2021, going into 2022, an updated mine plan is looking towards maintaining that. Once we get to 800,000 ounces a year to try to minimize that trough or eliminate that trough and see a way to move forward. We haven't been permitted to process the 32 million tons per year. In our current forecast, we just see ourselves getting up to 28 million tons per year. Still on slide seven, there's also a few things that maybe I can emphasize as well. I think there's lots of excitement, but in terms of Kirkland Lake Gold, we think we're definitely uniquely positioned to perform well going forward. Why was that? Why would I say that? Well, having completed Q1, we are now poised to have three very strong quarters over the balance of 2021. We were on track to achieve all of our 2021 guidance, and we have a number of catalysts coming that we believe have re-rate potential to our valuations, and I'm going to tell you a little bit more of what I mean by that. I'll start with Detour Lake on slide eight. I did give some discussions on the technical report and in terms of what it was doing. As I mentioned, part of us going forward is we see as not only is this a very good project now and very definitely be big positioned for significant cost reductions and significant levels of production for quite some time, quite a long mine life. As you can see, as I mentioned earlier, we expect to be able to come up with definitely an improvement to this as we go forward into 2022. On slide nine, you see, this is supported with some of the exploration results that continue to come out. This slide here is taken from that exploration press release. Eric will give a little more color on it, you can see with the drilling and what's happening, both in terms of extending the resources, the sort of mineralization both to the west through the Saddle zone, between the current main pit and the potential or the future west pit. Also, you can see that the mineralization we identified at depth, both below the current resources and reserves on the main pit and the resources and reserves at the future west pit. Then further to the west, and I can say on this long section, it also shows the bottom of the old mine workings from the Detour Lake Underground Mine. This is basically demonstrating over maybe a 4 or 5 km surface long section and the potential for between 30 and 40 million ounces of mineral inventory, mineral resources above 700 meters. There's been little to almost no testing below the 700-meter level, below the old underground mine that was at Detour Lake. Maybe we haven't even found the ore body yet. I think there's a lot of upside in terms of Detour. Turning to slide 10. I've already mentioned that the Number 4 Shaft project at Macassa is going very well. Really the key point is what will it mean when the shaft is done. We've been talking quite some times that the shaft will be very transformative to Macassa. Fundamentally, we're building a new mine at Macassa. As we see going into sort of by Q4 next year of 2022, we'll be able to start taking advantage of the shaft. With the new shaft not only would allow us to build more production. We're targeting to grow production over 400,000 ounces by 2023. It's going to improve working conditions in the mine, improve ventilation in the mine, improve productivity. This shaft alone will be over 4,000 tons a day, where if we go back to the Number 3 Shaft, it probably sitting around 2,000 tons a day of capability, 2,100 tons a day capability. We've gone up to 4,000 tons a day with this new shaft. We'll still have the old shaft to help us in terms of things that we see that the combination of it improve working conditions, improve shaft productivity, will improve our unit cost substantially, easily bringing all-in sustaining costs to below $600 per ounce. Very importantly, facilitate a whole new chapter, because it's going to create a whole new exploration platforms underground, and go back and re-explore the Kirkland Lake camp. Kirkland Lake camp is 100 years old and been a lot of work done over the 100 years in terms of gold production. You look at in terms of what we have, it's just as exciting. It's almost like a new discovery in an essential level camp. Going to slide 11 now. Many of you know we also make changes at Fosterville in terms of reducing the production in the Swan Zone to draw out the mine life while we execute our drilling programs. In terms of that, there's two key points I'd like to make. First, that at anywhere between 225,000-225,000 ounces per year, the cash costs between $200-$300 per ounce. Fosterville will still remain a very profitable mine, and in fact, we expect to continue to be one of the most profitable gold mines in Australia and really, definitely in the top 10 globally. Second, and most importantly, we continue to believe that there is very attractive exploration upside at Fosterville. That is why we're investing around $90 million in exploration this year. Looking at our share price, we firmly believe that there is nothing in our valuation today for future exploration success at Fosterville. With the exploration program we are completing and the multiple targets we have to drill, all containing high grades of visible gold. There's still a big gold system here. We've demonstrated, created value in Kirkland Lake Gold in the past with exploration and with the diamond drilling, and we see going forward that there's still lots of value creation to come from Fosterville. Turning to slide 12, just to summarize before I turn the call over to David. We believe Kirkland Lake Gold is very well positioned right now to outperform. Number one, we are poised for three strong quarters of outperformance this year, and we expect to lead to a very strong 2022. We are on track to meet all of our 2021 guidance. We just issued an attractive technical report for Detour Lake, and we'll be issuing a new one in 2022 that we believe will establish Detour Lake as one of the world's premium gold mines. We will effectively be opening a new mine at Macassa next year, leading to higher production, lower unit costs, increased profitability, and very attractive exploration upside. We are drilling extensively at Fosterville and believe the success we're targeting will be very accretive to our share price. I'll now turn the call over to David Soares, Chief Financial Officer, who will give you a little bit of highlights on the financial results. Thanks. Thank you, Tony, good afternoon, everyone. I will be starting on slide 13. In Q1 2021, adjusted net earnings totaled $167.8 million or $0.63 per share. The difference between adjusted net earnings per share of $0.63 and net earnings per share of $0.60 in Q1 2021 was mainly related to the exclusion of the Holt Complex asset impairment charge of $6.5 million and $5.7 million of non-cash foreign exchange gains, reflecting the strengthening of the Australian dollar against the US dollar during the quarter. Non-operating site costs, $4.2 million, incurred at the Holt Complex and NT, which are not reflective of our operations, and COVID-19 related costs of $2.9 million, mainly at Detour Lake, related to the introduction of rapid testing, are also excluded from adjusted net earnings. Depreciation also had an impact on the quarter. We will go through depreciation and depletion expense in more detail in subsequent slides. Turning to slide 14. In Q1 2021, the total revenue is $551.8 million. The change from Q4 2020 is mainly impacted by decreased sales volumes and an 87 per ounce decrease in the average gold price. Compared with Q1 2020, a 202 per ounce increase in average gold price from $1,586-$1,788 accounted for $55 million of the revenue growth year-over-year, offset by a decrease in the ounces sold. Looking at EBITDA on slide 15. Q1 2021 EBITDA totaled $340.9 million. The change from Q4 2020 primarily related to a 20% reduction in revenues impacted by lower volumes and lower gold price, higher production costs reflecting higher milling and consumable costs at Detour, and increased mining rates and milling costs at Macassa. Compared with Q1 2020, the change in EBITDA was largely driven by $72.9 million of foreign exchange gains in Q1 2020, resulting from a strengthening of the US dollar at the time, as well as higher production costs, mainly reflecting three months results from Detour Lake in Q1 2021 versus two months in Q1 2020. All this was partially offset by $33.8 million of transaction costs related to the Detour acquisition last January 2020. Depletion and depreciation totaled $104 million in Q1 2021 compared to $121 million in Q4 2020. As discussed on our fourth quarter results call, depreciation in the fourth quarter of 2020 was impacted by a one-time adjustment of approximately $10 million, resulting from purchase price allocation adjustments on inventory at Detour Lake. The remainder of the change from the fourth quarter in depreciation is mainly due to lower sales volume. For the balance of the year, we expect depreciation to remain at levels similar to the last two quarters, excluding this one-time adjustment. Turning to slide 16 to look at our cash balance and cash flow. On the slide, you will see that our operating cash flow was strong. We generated $272 million of operating cash flow in the quarter, before $64 million in cash taxes paid in the quarter. During the quarter, we invested in our key assets, spending $165 million of capital as well as $1.6 million on strategic investments, and received $2.8 million from the sale of investments in the quarter. Cash used for financing activities of $98.2 million reflected the $46.3 million we used to repurchase shares in Q1, as well as $50.3 million used for payment of the Q4 dividend. Moving to slide 17. It looks at the change in cash in a slightly different way. You can see that the largest contributor to growth in cash was our operations, which generated about $294 million of cash, which is before income tax paid of $64 million, gross capital investment of $46 million, exploration spending of $42 million. Other cash outflows include costs incurred at our non-operating sites at the NT and Holt Complex of $10.2 million and corporate G&A of $14.9 million. As noted in the previous slide, during the quarter, $96.6 million was returned to shareholders through share repurchases and dividend payments. The $56 million in other largely reflects payment of AP balances at year-end. Next, I'll turn it over to Natasha Vaz, our Chief Operating Officer. Thanks, David, and hi, everyone. Okay, starting on slide 18. For the first quarter of 2021, Detour Lake produced 147,000 ounces, which actually exceeded our target levels because of higher than planned average grade for the quarter. Also, the 5.7 million tons that we processed in Q1 2021 was a record level for first quarter processing. On March 24th this year, we actually achieved a new daily throughput record at the processing plant of over 80,000 tons milled. We're moving in the right direction. All right. Now looking at unit costs. Operating cash costs averaged $748 an ounce for the quarter. This increase in operating cash cost per ounce sold compared to Q1 last year largely relates to a stronger Canadian dollar in Q1 2021. As well, we incurred higher stripping and milling costs this quarter. The increase compared to Q4 last year, that mainly reflects higher mill maintenance costs and higher costs for consumables such as diesel this quarter. As for all-in sustaining costs per ounce sold, Detour averaged $1,064 an ounce, which was down from the previous quarter, reflecting lower deferred stripping costs and sustaining capital, as well as lower expenditures relating to the tailings management area. I'll now call on Larry Lazeski, our Mine General Manager of Detour Lake, to review the project work in Q1. Thanks, Natasha. Looking at slide 19. As Tony mentioned earlier, we have a number of projects ongoing at Detour Lake, which support the vision for the mine. Our gross capital expenditure in Q1 of 2021 totaled $27.8 million. This includes $14.9 million related to deferred stripping with phase IV in the main pit. The remaining $12.9 million is related to the procurement of mobile equipment and projects involving the tailings management area, process plant enhancements, as well as construction of a new assay lab and airfield. We're fully mobilized and have already begun work on the tailings dam with an earlier start than in years past. As for the process plant enhancements, we're on track to accomplish our objectives for this year, which supports our ramp-up plans identified in the new mine plan. This year focuses on the crushing CIP and detox circuits. Additional surface infrastructure projects include a new core shack, field maintenance complex, camp expansion, improved access road, and cell tower construction. The state-of-the-art communications improvements initiated this year will support our investment in technology for years to come. With that, I'll turn the call back to Natasha. Thanks, Larry. Turning to Macassa. I am speaking to slide 20. Production at Macassa in Q1 2021 totaled just over 37,000 ounces at an operating cash cost of $699 an ounce and an all-in sustaining cost of $937 an ounce. The change in production from Q1 of last year reflected lower tons processed, while the change from Q4 2020 was mainly due to lower planned grades during Q1 2021 as a result of mine sequencing. The increase in operating costs compared to both prior periods, it largely reflected higher operating tons mined in Q1 2021, and this is in terms of both ore and waste tons. As well, we had increased maintenance costs related to mobile mine equipment and processing. As well, we had the impact of a stronger Canadian dollar. As mentioned before, AISC per ounce sold averaged $947 an ounce in Q1 2021, which was largely unchanged from the previous quarter as higher operating cash costs were offset by lower sustaining capital expenditures. Sustaining capital totaled about $9.3 million in Q1, reflecting the completion or near completion of the number of projects during Q4 2020. We also had lower levels of capital development in this quarter, and we also revised the timing of delivery of some new mobile equipment. Okay, I'll now ask Evan Pelletier, our Vice President of Mining, Kirkland Lake Gold, to look at our project work at Macassa Mine. Thanks, Natasha. Looking at slide 21, we had a very good quarter in terms of our projects. As Tony mentioned earlier, we continue to make excellent progress on the Number 4 Shaft, advancing approximately 750 ft in Q1 and reaching a depth of 5,000 ft by the end of March. Another project where we made good progress in Q1 was our ventilation expansion, involving the development of two new vent raises. The first raise is targeted for completion by the end of this quarter, with the second expected to be completed in the first half of 2022. The two new raises will almost double the ventilation going into the mine, dramatically improving working conditions. We achieved a major milestone on the vent raises on Tuesday this week. We broke through the surface with the first raise. These raises are significant in that they will be two of the longest raises ever completed for a mine in North and South America, extending over 3,300 ft. To provide some context on that's twice the height of the CN Tower. I'll now pass the presentation over to Ion Hann, Vice President, Co-Lead, Australian Operations. Hey, thanks, Evan. Good evening and afternoon, everyone. I'll be speaking to slide 22. Fosterville produced just under 109,000 ounces in Q1 2021. That compared to approximately 160,000 ounces in Q1 2020 and 164,000 ounces the previous quarter. The change from both prior periods, mainly the result of lower average grade, consistent with our previously stated plan to reduce production in the Swan Zone by increasing mining activities in other areas of the mine. The intention is to create a more sustainable operation over a longer period while we continue our extensive exploration program. Production in Q1 2021 exceeded planned levels, mainly reflecting grade outperformance in the Swan Zone in March. The Swan Zone accounted for 42% of tonnes milled and 72% of ounces produced in Q1 2021. Compare that to the 62% and 93%, respectively, in Q1 2020. Looking at costs, operating cash costs in Q1 2021 were $228, while all-in sustaining costs of $423. Both measures were higher than in prior periods, with the key factor driving unit cost performance being the impact of a lower grade on sales volume. In addition, compared to Q1 2020, we also had significantly higher tonnes mined and milled. Consistent with our plan, we partly offset the reduced grades with increased throughput levels. There was also a foreign exchange impact given the significant strengthening of the Australian dollar, which contributed to higher costs, particularly versus last year's first quarter. I'll now pass the presentation over to Eric Kallio, Senior Vice President, Exploration. Thanks very much, Ion, and good afternoon, everyone. Thanks Ion. Good afternoon, everyone. My first slide today will be number 23 and related to Detour, where we're continuing to advance the large-scale drill program we commenced in 2020 to evaluate resource potential surrounding the main and future west pits. As previously announced, the program includes a minimum of 250,000 meters aiming for an updated resource and potentially expanded mine plan for announcement in early 2022. In terms of progress to date, we believe it's been going very well, with close to 70,000 meters of drilling completed in 2020, another 60,000 in Q1, things still proceeding very well. Additional to this, we've now already seen quite a large number of assays returned and had five press releases, including one earlier this week, with results that we believe are very encouraging. Summarizing some of these results is the image on the current slide, which is a long section from the latest release and is indicating 40 new holes, which are mainly from the saddle zone, but with a number of others from both under and to the west of the future west pit. Although all areas continue to look very good, we're especially happy with what we see in the central and east part of the saddle, where drilling continues to intersect broad zones of mineralization at very good open pit grades with higher-grade sub-intervals. Significant results for the central and east area are shown on the image with pink and green dots, and as indicated, include a number of outstanding intersections, such as 1.13 over 155.1, 2.03 over 73, nine over 13, and 31 over five, all from the lower part of the current resource shell, as well as 1.08 over 56 and 0.9 over 103 meters from areas very close to surface. Additional to the drill, we also saw some very good results nearby to the future west pit, where again, the intersections not only demonstrated very good widths and grades, but extension of mineralization to depth and to the west. Key results from holes testing the depth are shown on the image in blue and include intercepts such as 2.94 over 51.9, 2.37 over 36 meters, which intersect the central part of the area between the 25 and 50-meter level below the current pit shell. We also had 2.26 over 21 and 1.04 over 46.9 on the east side of that west pit area. Key holes to the west are highlighted here in yellow and as indicated, not only it confirmed strong mineralization up to 400 meters in this direction, but include a highlight hole of 10.66 grams per ton over 13 meters. In summary, work to date at Detour continues to advance very well in our view, proving our initial theory that there's a much larger gold system here than previously thought. Now turning to my next slide, which is 24, we see an image from the Macassa Mine, which outlines the overall exploration plan for 2021, as well as progress for Q1. As announced in the past, we're aiming for a minimum of 250,000-300,000 ounces to replace ounces mined this year, and it's going to be from a variety of different areas, but strongly of the SMC to the east of the current resource, shown here in orange, as well as the newly discovered main break to the south. These are all high-potential target areas where we've always had a lot of success in the past, and we're very optimistic again this year. Additional to this, the plan includes work on a number of new areas on the 34, 51, and 58 levels, where there's not been any recent work, but in our view, have a lot of new potential to add. Work on the 58 level will be done mainly from a new drift being developed for access to the Number 4 Shaft and targeting both the up-dip extension of the SMC as well as the west part of the main break at depth, where we announced high-grade intercepts in a new high-grade corridor early last year. Work on 34 will be from a drift just south of number two shaft and testing for extensions of the main break, which is shown here in the dark blue in the background, as well as looking for new structures which could be above and parallel to the South Mine Complex. The work on 51, which is on the far left side of the slide here, will be from a new drift, which we're going to be developing this year and extending west from Number 3 Shaft. In this area, what we'll be targeting is really the down plunge extension of the main break. Again, the large blue structure which you see on the slide here. This area is going to bring us out past the previous limit of past mining and where there's very little testing. Aside from this, we have a small amount of work both on surface and in the new service ramp, where again, we still feel there's a lot of areas that have not been fully tested and a lot of untapped potential. In terms of progress to date, I believe it's been going very well, with 46,000 meters of drilling completed in Q1. A lot of this focused on the SMC, but with some small amounts on 34 and 58 already starting. We also accomplished about 450 meters of development, with good portions of this being completed to gain access to the new targets on 34, 51, and 58. No results to report to date, we see good progress being made so far and remain confident for success in 2021. Now turning to my next slide, which is number 25, we should see an image for the Fosterville Mine area and outlining the exploration plan and recent progress here in Q1 as well. As with Macassa, program here is aiming to at least try and replace all ounces mined in 2021, which is in the order of about 450,000. As indicated, the plan includes work on a number of different targets, with most of the focus being on the lower part of the Fosterville Mine and the Robbins Hill area, with the remainder being on a series of new, and what we believe are very interesting targets lying to the south. Work at Fosterville will be all from underground and involve drilling that is strongly focused down plunge of the Swan Zone to both convert and expand the current resource. As you know, this is a very high potential area. We already have widely spaced drilling indicating that the system extends for at least another 900 meters down plunge, and with locally higher grades and visible gold. We're putting a lot of emphasis on this. Some of the work was planned from existing drifts near the upper part of the zone and already in progress in Q1. The largest part of this will actually be from a new hanging wall drive, which is being developed near the 3900 level and aiming for completion in mid-June. As such, most of the new results from this drilling, which we believe will be quite positive, will only become available to us later this year. Work at Robbins Hill will be done mainly from drilling from surface, but expecting to do at least some drilling from underground platforms in our new exploration drive starting sometime in Q3. As with Fosterville, the drilling will be strongly focused on the area down plunge of the current reserve, where we already have seen some good success, but believe there's a lot more potential for ounces and higher grades. In terms of progress to date, work's been proceeding well again and includes over 39,000 meters of drilling into key targets at both Fosterville and Robbins Hill. We also have 1.8 km of development on our two main exploration drives at Lower Phoenix and Robbins Hill. In summary, I think we had a pretty good overall quarter for exploration and still feeling very confident on achieving our goals for 2021. With that, I'll now pass the call back to Tony. Thanks, Eric, and thanks, Natasha and Larry and Evan and Ion and Mark for supporting this call. Hopefully by giving you a variety of speakers, we keep everybody interested. I'm just going to summarize. I'm on slide 26, and again, I think if we just keep things in very short in terms of what the highlights are for the quarter, it was a very solid quarter from our perspective. We beat many of our own targets for the quarter. We are now poised for three very strong quarters over the balance of the year, and we're on track to achieve all of our full year 2021 guidance. We see with projects coming on this year in 2022 being a very strong year, 2023 having a lot of developments, and really, we see a lot of upside as we continue to move the company forward. Very importantly, we are well positioned coming out into Q2 to outperform our peer group in coming months. Really it's based upon a number of three points. One is we continue to have significant success at Detour Lake, and we really believe that Detour, we're going to be able to demonstrate that Detour is one of the premium gold mines in North America, and definitely in the world. We'll be demonstrating that over the next while. Number two, we have continued progress with our Number 4 Shaft at Macassa. Combine that with exploration operating success and operating growth, where we are going to be creating a new mine with significant upside. We see Macassa, coming into 2023, being one of the top 10 in terms of largest underground gold mines and, well, again, one of the most profitable gold mines in the world. Number three, with our extensive exploration program at Fosterville, we see we have an attractive exploration upside and in terms of being able to demonstrate that Fosterville is already one of the best gold mines in the world with the exploration success and new discoveries of new mineralization at Fosterville, which all things point to it being able to demonstrate long-term sustainability at Fosterville as well. We have three solid projects, very profitable company, cash flow generating, and we're focused on responsible mining and really being able to be leaders in terms of moving forward, in terms of making a change and supporting a lot of change and a lot of support for the communities that we work in. Anyway, thank you again for participating in today's call, and happy to take any questions. At this time, if you would like to ask a question please press star, then the number one on your telephone keypad. Will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Cosmos Chiu from CIBC. Your line is open. Hi. Thanks, Tony and team. My question is on cost. There's nowadays some concerns about inflationary costs in the mining sector. With a big project like Number 4 Shaft, are you seeing any kind of impact in terms of higher input costs, and how are you managing that risk? I guess if you can talk about the strengthening Canadian dollar as well, in this case, it might actually help if you're making any purchases in US dollars. Could you talk about inflation and how do you manage that risk for a big project like Number 4 Shaft? Yeah, I'll start and I'll probably let Natasha and Larry give us a little bit of color in terms of some of the things they're seeing and same as Ion - Great - and Evan, in terms of seeing at Macassa. First off, for Number 4 Shaft, that project has been ongoing for quite some time. A lot of the procurement's been done. You're correct that there is inflationary effects and there's extra costs associated with a lot of things. You're coming out and learning how to live within this pandemic-type environment and these processes. For the most part, the Number 4 Shaft, since the scope is defined, since a lot of parts of the project is defined, we don't see ourselves going over budget at all at Macassa and schedule in terms of completing that. We are seeing impacts in fuel costs, et cetera, maybe it'd be better if I let Larry and Ion and Evan give some color there. I don't know. Larry, you want to give a little bit of thoughts on where you see some costs happening? Yeah. We're seeing an impact, I guess, with some of the consumables. Fuel in particular, we're seeing increased price of fuel is fairly material at Detour, obviously, because of the high volume that we move. We're seeing a slight, I guess, increase on maybe some things like steel and parts like that. Again, a lot of the activities and repairs that we have ongoing for this year are at fixed prices. Fortunately, we have our truck boxes and things, we had contracts in place, so we won't be impacted that way. There is some pressure, but I wouldn't think it's material at Detour. Yeah. I think definitely the strengthening of both Canadian and Australian dollar has offset some of the impacts in some of these areas. Any color, Ion, from Australia? Yeah, thanks, Tony. Look, we haven't really seen strong pressure across the board in Australia at this stage. Much the same as Larry, we've got a number of long-term contracts in place for a lot of our consumables and our budgets and therefore our guidance. We're based on some slightly conservative numbers in those areas anyway, and we're actually tracking slightly under in some of them. It's not a major concern of ours at this stage. Certainly from a labor point of view, we're not seeing any significant increases in terms of labor price indexes or anything like that. Great. Thanks. Sorry, Tony. I'm just going to say, for the most part, as you can see, we're not really adjusting any of our cost guidance here. We see things being manageable as we progress throughout the year. Okay. Understood. That's the only question I have. That should keep Mark happy. Thanks again. Thanks. Thanks, Cosmos. Your next question comes from the line of Ovais Habib from Scotiabank. Your line is open. Thanks, operator. Hi, Tony and Kirkland team. Thanks for taking my questions. A couple of questions from me. Just starting off with the performance you had in March, obviously it was a pretty strong performance that you've been talking about. Any color you guys can provide on whether this performance has continued into April? Natasha, you want to give some color there, if that's okay? Yeah, sure. No problem. Hi, Ovais. With respect to March, we had a pretty strong March in two areas at Detour. Like I mentioned, the throughput was up, and that's a function of the conditions we had and pretty mild winter. We were able to operate both the mine and the mill better than expected than we had planned. That helped on that end. Then Fosterville, I think we'd have to mention this, but we had a stope that outperformed what we had originally planned, so that was a very positive reconciliation on that end. In terms of April, in the Q2, we expect, like I mentioned, I think we were planning to have a Q1 that was a weak quarter. The next three quarters we're expecting to be better. It's going to be more weighted to the second half of the year. We expect to have a strong H2. In terms of Macassa, we are seeing good productivity rates there this month and some good reconciliations at that stage. Perfect. Thanks, Natasha. Just kind of follow up on that regarding Detour. Detour grade was higher than average in Q1 or what you were expecting in Q1. Was this due to positive reconciliation or was this just the fact that you moved into a higher grade areas during the quarter? Essentially what I'm asking is, have you moved into phase III from phase II? We're in phase II right now, but we actually mined more. We took more out of the pit than what we had planned. We milled more. It's a bit of both, I want to say. It's like, I would say 50/50. We had a positive reconciliation, but we also were able to bring up higher grade material that we had forecasted for a little bit later on in the year. Okay, thanks, Natasha. I'll stick with my two questions and jump back in the queue. Your next question comes from the line of Mike Parkin from National Bank. Your line is open. Hi, guys. Thanks for taking my questions. One would be on the new vent raises at Macassa. Is that now in a situation where the challenge you had last summer with high ambient temperature outside limiting where you could access safely underground from a heat perspective, is that a thing of the past? You've got that Q3 kind of de-risked? Go ahead, Evan. I think it's. It's definitely going to help. It's helping as we speak. Yes, it's absolutely going to provide more air and cooler air down there. The raise actually extends all the way down to 5,600. It's just two legs, but the longest leg is 3,300 ft. Okay. There's a parallel raise that's ongoing right now, too, so hopefully you get that done. Once that's done, that's another step change. Once the shaft is connected, that's a third and major step change as well, right? Okay. Super. Oh, yeah, for sure. Then just on the investments being made on the ESG front, with the goals moving towards net zero, is there any thoughts around Detour maybe using an in-pit conveyor to limit the amount of trucks you're using? Is that something that might be considered for the new life of mine plan, especially if you're going into the west Detour pit, and you're moving further away from the pit? Seems like it could be a big OpEx savings, too. Yeah, a good point. We're looking at a variety of alternatives, and that's one. Natasha, Larry can even provide some supporting commentary on that. Yeah. As part of that initiative, we're looking at a number of actual things. We're looking at rail there, we're looking at conveyors, and we're looking at trolley assist as well. Yeah. We're just starting off, so there's still a lot of the work that we need to do on our end. Yeah. Larry, do you want to add anything to that? Yeah. For sure. All those things, looking at can we put more material in pits and not have to haul it up into the spoils and other creative energies? Yeah, that's one area where it can be sequenced to pits where there's a point in time when you start putting it back, filling back into the pit as you move from east to west. There's a number of those initiatives. One big initiative for this year is getting a private area network, the partnership we have with Rogers Communications up in the region, and being able to start advancing access use of technologies and be able to look at a lot of ways to really transform a lot of the operations at Detour over the next while. Great. Just one last question. The $75 million you're planning to spend on those ESG initiatives for the next several years, how should we think about that flowing through? Will it be all capitalized? Will it go into different buckets on the financial statements? Well, go ahead, David. It's in a variety of areas. Parts of that are already in our budgets. David, maybe you can answer that. Yeah, Tony's correct. A lot of that is already incorporated into our guidance numbers. There is a larger lump in the technology and business optimization area that are focused on growth. I'd say a little bit in each of the buckets, but with a focus on growth. Yeah. Okay. Super. Thanks. That's it from me, guys. Your next question comes from the line of John Tumazos from John Tumazos Very Independent Research. Your line is open. Congrats, Tony, Natasha, and the gang on the good work. I got to stick to two questions so I can move from the Jersey Shore to Detour camp and be safe. First, thank you for disclosing the breakdown of tons and ounces by zone at Fosterville. It looks like Harrier and Lower Phoenix more than doubled their tons from a year ago, and their grade rose from 9.4- 9.6 from 7.8. Something real good's happening in the new stopes at Fosterville. I'd like you to elaborate on that first. Second, the hole number 103, that was the first line of the press release Tuesday. I understand the great result that there was 9 grams over 13 meters. The other 141.6 meters, the algebra works out 0.397 grams to get to the 1.13 grams over 155 meters. Was the 146.1 a mistake, or do you have to take that out at 0.397 grams because it's between 350 and 400 meters in the pit, and you're going to have the world's biggest stockpile from 2040 to 2045 or 2050 of 0.4-gram material? Eric? Yeah, I can answer that for you, John. The nine over 13 meters is not in hole 103. I might have the numbers wrong. It's the first sentence of Tuesday's release. Well, no, it's not an including. The 103, that one is 1.13 over 155 meters, and then that's in 103. The number over 13 is in hole 79BW. It's not inclusive. They're all different intercepts and there's no smearing. Yes, right. That's a separate intercept altogether. Thank you. Excuse me. I thought it was something else. Sure, Tony, I can probably tackle the first part of that question when it came to the Fosterville productions. We've got a number of zones in Lower Phoenix that contributed for the quarter. For instance, for the first time, we mined stopes in the Raptor area. That certainly has proven to be a solid contributor for the quarter. We did have some solid contribution from the area, and we saw some higher grades in the area, higher than we historically have seen. We are trying to balance the entire mining production currently. Thank you. It's looking good at Fosterville. Yep. Once again if you would like to ask a question please press star, then the number one on your telephone keypad. Your next question comes from the line of Carey MacRury from Canaccord Genuity. Your line is open. Good afternoon, everyone. Maybe just a question on Detour. Just with the daily limit lifted there, just how should we think about throughput over the balance of the year? I assume it's going to increase from here. Well, I think when we gave out our guidance for the year, we expect this year to be about 24.5 million tonnes total, give or take a few percent, processed this year. By 2025, in the forecast that's in our technical reports, it gets up to 28 million tonnes a year. That's based on a number of project initiatives as we progress. I don't know, Natasha, you want to, or Larry, you want to give a sort of support to that? Yeah, I think as you mentioned it, Tony, like in 2021, we're planning on hitting the 24.5 million tonnes, so that hasn't changed. On average for the year, we'd be averaging about 57,000 tonnes per day. Slowly growing that to 2025 to 28 million tonnes. Next year we plan on doing just over 25 million tonnes. Slowly as the other projects come online, we get to 27, 28 and then 29. Go ahead. I'm sorry. Go ahead. That's where as the year progresses, Larry has been working on an alternate feed structure. I think the biggest two projects we have that are going on this year would be the installing the screen decks between the primary crusher and the secondary crusher on both secondary crusher sides. We'll be doing one and then the other one. In the meantime, there's an alternate feed system being put in place to try to be able to keep the mills running, only one feed side running during this period of construction. That leads into further increases as we progress in future years. Okay. Great. In Q2 last year, there was a pretty big cash tax payment. Just wondering if there's something similar that we should look out for this year for Q2? David? Yep. Thanks, Tony. Yeah, last year, there was a large tax payment in June that was really related to the filing of our Australian tax returns. We're still working through the tax returns this year. We probably will see an increase from Q1 because Q1 was just the right moment. As we close out the year, we had a very strong year, last year in Australia. I probably expect an increase from what we paid in Q1. I'm assuming nothing near the magnitude of last year. Well, it could be. Last year was, again, a record year. I expect the taxable income to be significantly higher last year than it was the previous year. Keep in mind, our installments are based on, not last year's taxable income, the year before, so 2019. I'm expecting our installments aren't really enough to cover what the full tax is in Australia, and so that's why you see a bit of a cap in Q2 because we're not prepaying of tax yet, right? When we file our tax returns, all that will be up. We get a better idea on what that looks like sometime in Q2 when the tax returns are final. Okay, great. Thank you. That concludes our Q&A for today. I would now like to turn the call back over to Senior Vice President of Investor Relations, Mark Utting, for closing comments. Thanks very much, operator, and again, thanks everyone for participating in the call today. As you've heard, we've got a lot going on. We've got a lot to look forward to and we're going to have a lot to talk about over the balance of 2021 and into next year. We look forward to our next call to update you on how much more progress we've made. Thanks very much. Have a good day. Thanks. That concludes today's conference call.