Welcome to the Pretium Resources second quarter 2021 conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. The conference call today is being webcast live and available along with the presentation slides on Pretium's website at pretivm.com. I will now turn the call over to Mr. Jacques Perron, Pretium's President and CEO. Please go ahead. Thank you, and good morning, everyone. Thank you for joining us for our second quarter 2021 operating and financial results conference call. The second quarter started under challenging circumstances. The impact of the COVID outbreak at Brucejack in the first quarter had some residual effects, and we also had to deal with some underperforming stopes at the onset of the second quarter. Thanks to the hard work of our team, we made consistent improvements throughout the quarter. We also continued to make significant progress against our objectives, and we accomplished another profitable quarter. On today's call, I will highlight some of the key events of the second quarter. I will then turn the call over to Patrick Godin, our Chief Operating Officer, to provide an overview of our production results, the status of operations, and the progress of our construction projects. Matthew Quinlan, our Chief Financial Officer, will go over some of the financial highlights of the quarter. Following Matt's review, I will provide a summary of the underground expansion drill results and a brief update on our exploration program before closing off with a look ahead to the remainder of the year. At the end of the presentations, we will open the line to your questions. Before we begin, note that our statements contain forward-looking information and future-oriented financial information based on certain assumptions and subject to risk factors. I refer you to the cautionary language included in our news release yesterday, as well as the management discussion and analysis for the same period. These are available on our website and have been filed on SEDAR. Please note, all dollar amounts mentioned on this call are in U.S. dollars unless otherwise noted. Our top priority continues to be the health and safety of our employees, contractors, and neighboring communities. Last year, in an effort to renew our safety culture, we launched an extensive company-wide health and safety program. Here on the fourth slide is a rolling 12-month lost time injury frequency rate and our total recordable injury rate. Excellence in health and safety is a journey with ups and downs, and we are determined to maintain our efforts to emphasize the importance of safety and ensure it is at the forefront of everything we do. Despite the challenging start of the quarter, we were able to produce just over 83,000 oz of gold. As a result, it was another profitable quarter, and we generated just under $51 million in free cash flow. During the quarter, we made a voluntary debt payment and repaid the remaining $38 million on the revolving portion of the loan facility. We ended the quarter with a cash balance of approximately $202 million, and with that, we have reached a key turning point. Our cash exceeds our debt. Subsequent to the end of the quarter, we refinanced our remaining credit facility on favorable terms and increased our available liquidity. We have several major initiatives underway, such as accelerating underground development and infill drilling and increasing drilled-up stope inventory with the intent to improve operations at Brucejack. We are also making significant investments in future growth, which includes construction of upgraded camp facilities, a modern assay lab, an integrated core shack. Extensive resource expansion and near mine exploration drill programs are in full swing, with drill results expected through the remainder of the year. As you are aware, a COVID-19 outbreak was declared at Brucejack during the first quarter. Following the outbreak, additional procedures were established, including continued testing of all employees and contractors. A vaccination program has also been ongoing at Brucejack under the guidance of BC Northern Health. As of this week, 99% of our Brucejack workforce has received their first dose of the vaccine and 64% have received their second dose. We will continue to closely monitor the situation and provide updates as appropriate. It is a reminder that COVID remains a risk and could have a significant impact over a short period of time. I will now turn the call over to Patrick to provide an overview of our operations for the second quarter. Thanks, Jacques. Turning to operation on slide eight. In the first quarter, we processed approximately 330,000 tonnes of ore through the mill, equivalent to about 3,630 tonnes per day. This was below our objective of 3,800 tonnes per day as a result of the lasting effect of the COVID outbreak, along with scheduled shutdown. Total production costs for the first quarter averaged $214 per tonne milled, an increase from the second quarter last year. The cost increase is primarily due to the strong Canadian dollar. Change in the exchange rate increased production cost by about $22 per tonne. Higher level of drilling and higher diesel price add an additional $6 per tonne compared to the second quarter of 2020. The cost increase was partially offset by a $9 per tonne reduction in COVID-related cost. Turning to slide 9. As you can see, our quarterly rate of underground development has historically been on an upward trend quarter- over- quarter. The onset of COVID stalled our progress in the first quarter of 2020, and then in the first quarter of this year, our rate of development was impacted by the COVID outbreak at site. In the second quarter, we increased our efforts, pushed on underground development, and achieved a rate of approximately 1,150 m per month. We will continue to advance development at this rate to get back in line with our 2021 plan. As Jacques noted earlier, the second quarter began with some challenges, including the COVID outbreak and performance issues with several stopes. We expect these factors to have a negative impact on both our gold production and grade. However, even with the challenges at the beginning of the quarter, we produced 83,000 oz of gold. This is less than 4% below the midpoint of our guidance range for the year. The mill feed grade average 8.6 g/t, and the recovery rate was 97.4%. Stope performance improved toward the end of the quarter, and as a result, there was 7,700 oz of gold remaining in the circuit, which is higher than usual for us. Based on our production forecast, we remain on track to be within our full-year production guidance range. To enhance our understanding of the deposit and improve the predictability of production, we continue to prioritize increasing the drill data we collect. Diamond drilling advanced through the quarter with nine diamond drills on site. More than 50,000 m of diamond drilling was completed in the quarter for a total of 90,000 m this year. Drilling will continue at an accelerated rate, as we pursue our target of 195,000 m for the year. Turning to slide 12. We have maintained an accelerated rate of underground development to increase access, optimize production, and improve blending in an effort to balance quarter-to-quarter fluctuations. The increased development rate expand our access to new areas of the deposit and allow us to build an inventory of drilled off stopes. At the end of the second quarter, we had more than 316,000 tonnes of drilled off stope inventory. This is a 15% increase from the previous quarter. Our target is to have about 400,000 tonnes of drilled off stope ready to be blasted by the end of the third quarter of 2021. This is roughly equal to a full quarter of production. We acknowledge that given the delays related to the outbreak in the first quarter, this is an ambitious goal, we still believe that is achievable by the end of the quarter or early in the fourth quarter. Slide 13 shows a section view of the underground development looking north. Until this year, mining had been limited to only two mining horizons at Brucejack. Earlier this year, we began production from the lower horizon on the 1080 level. Through the second quarter, we continued to advance development and began mining from the 1200 and the 1320 level of the fault zone. It has been a major objective for our team to significantly expand our access underground, we are now actively operating from five distinct mining areas. Our construction and capital expenditure projects began to significantly ramp up in the second quarter as the weather improved at Brucejack. Expansion capital expenditures include construction of a permanent camp and project to support and to improve the efficiency of operation. Replacement of mine accommodation was required to ensure consistent quality of facilities for all site employees and assist with employees' retention. At the Wildfire Camp, which is situated at the entry of the mine site along the Highway 37, a new 25-person camp was constructed and is now commissioned and occupied. The Knipple Camp located along the access road houses surface maintenance and serves as a transfer point for access into the Glacier Road. A new 100-person camp is in the final stage of construction and is expected to be commissioned and ready for occupancy in the third quarter. A fourth wing is being added to the main Brucejack camp. A second camp to replace the old construction and exploration camp is also under construction for a combined 324 new rooms. The building modules are currently being laid with commissioning and occupancy expected in the fourth quarter. This will bring the total number of rooms across the Brucejack Mine property to 775 beds. To support growth and improve the efficiency of operation, a new assay lab and core shack were also built within the new building. The core shack has been commissioned and is now in operation. The assay lab is in the final stage of commissioning. The new assay lab will have the capacity to test 1,200 samples per day. This will significantly improve the turnaround time on assay results and is also expected to improve cost efficiency. Now I'll turn the call to Matt for an overview of our financial performance. Thanks, Patrick. Our financial results were strong once again in the quarter. Our results were higher than the first quarter of 2021, but lower than the comparable period of 2020, partly due to the very high level of gold sales during that quarter. For the second quarter of 2021, we realized an average gold price of $1,804/ oz, an increase of nearly 4% over the second quarter of 2020. Revenue decreased to $152 million, or approximately 8.6%, primarily as a result of lower ounces of gold sold. In the second quarter of 2021, we sold approximately 84,600 oz of gold. EBITDA in the quarter was $72.6 million. Net earnings were $0.16 per share, and adjusted earnings were $0.15 per share, compared to $0.19 and $0.18 per share, respectively, in the comparative periods. The decrease in net earnings was primarily attributed to lower revenues, partially offset by a decrease in interest expense and a decrease in deferred income taxes due to lower pre-tax earnings. Turning to slide 18. We once again generated significant cash flow from operations of $73 million for the quarter and had strong conversion to free cash flow of $50.7 million. Free cash flow was directed to debt reduction, as we have committed to do. Total capital expenditures in the quarter on a cash basis, including sustaining and expansion capital, were $22.3 million. Liquidity continued to grow in the quarter to over $400 million as of June 30th, and we ended the quarter with approximately $200 million of cash. As Jacques mentioned, during the quarter, we voluntarily repaid the entire remaining amount of $38 million under our revolver. Subsequent to the quarter end, we financed our credit facility. We ended the quarter with bank debt of $100 million and convertible notes also of $100 million. Turning to slide 19. All-in sustaining costs in the second quarter of $1,099/ oz sold were higher than the comparative period in 2020, but remain within our guidance range for the year. For the first six months of the year, our AISC is $1,053/ oz. The increase in AISC relative to Q2 2020 is a result of higher sustaining capital investments for increased rates of drilling and development, as referenced by Pat, higher production costs, primarily due to the strengthening Canadian dollar, and lower sales in the period. The impact of the strengthening Canadian dollar during the second quarter of 2021 increased all-in sustaining costs by approximately $85 /oz of gold sold compared to the comparable period in 2020. Turning to slide 20. The strong financial performance of Brucejack continues to provide for meaningful debt reduction. As you can see, we have consistently reduced debt over recent years while also reinvesting in the mine. Earlier this week, we announced an amended credit facility with our lending syndicate on improved terms. The four-year committed facility increases the size of our revolver by $50 million and reduces the quarterly repayments under the term loan to $5.9 million from $16.7 million. Lastly, we remain on track to achieve our 2021 guidance. You may recall that in the first quarter conference call, we commented where we were trending on our capital expenditure guidance ranges, which we released in January. We said we were at the low end of our sustaining capital and at the high end of our expansion capital guidance at that time. With seven months of the year now completed, we're amending these guidance ranges. However, there's no change in the aggregate total of capital expenditure guidance. We've lowered our guidance range for sustaining capital by $10 million due to reduced activity levels in the first quarter as a result of the COVID-19 outbreak, as well as to reflect some updated timing of expenditures over the balance of the year. We've increased our guidance range for expansion capitals also by $10 million due to increased cost of input materials, detailed engineering being completed and construction activities being well advanced, and to a lesser extent, the strengthening of the Canadian dollar. I would like to reiterate once again this quarter, the second and third quarters typically see higher levels of capital expenditures due to the summer construction season at Brucejack, with expenditures peaking in the third quarter. Regional exploration activities, which also take place in the summer months, are expensed under our accounting policy that we adopted in January and also peak in the third quarter. With that, back to you, Jacques. Thanks, Matt. Let me now turn to our exploration activities for 2021. The summer near mine exploration program was initiated in mid-June with two drills positioned on surface. The program is focusing on the trend of highly altered outcrop that extends 4 km from the Hanging Glacier Zone to the northwest to the Bridge Zone to the southeast. To follow up on the successful discovery of epithermal style gold mineralization at Hanging Glacier in 2020, a drill program was initiated in early July to delineate the high-grade gold corridors and test for higher-grade epithermal style veins. Hanging Glacier is located approximately 4 km from the Brucejack Mine and is easily accessible in the summer using existing exploration trails. In addition to drilling, the near mine exploration program includes a high-resolution magnetic survey, MT and IP geophysical surveys, soil sampling, and prospecting. The 2021 Brucejack definition and expansion drill programs are anticipated to total approximately 195,000 m of drilling, comprised of reserve definition and resource expansion drilling. Our resource expansion drill programs continue to successfully intercept high-grade mineralization immediately adjacent to existing underground infrastructure and continue to highlight the potential to extend beyond the Valley of the Kings deposit. For these programs, at the end of the quarter, seven drills were operating, with three drills working on the definition programs and four drills testing the expansion potential. This is in addition to the two drills that were active on surface for near mine exploration. Resource expansion drilling continued through the second quarter with 24,000 m completed within the North Block and 1080 Level zones. In early July, two drills from underground were repositioned on surface to complete a 13,000 m resource expansion drill program at Gossan Hill. At the Bridge Zone, 11,000 m of underground resource expansion drilling is expected to start in late August. Slide 25 shows a plan view of the Valley of the Kings deposit with the drill results from the North Block Phase 1 and 2, as well as the results from the 1080 Level Phase 1 drill program. The 1080 Level program, conducted from one of the lowest mining levels at Brucejack Mine, intercepted high-grade gold mineralization up to 200 me below and 200 m east of the current mineral resource shell, with intercepts as high as 1,600 g/t gold over 1 m. Phase 2 of the 1080 Level resource expansion drill program is in progress and was initiated to infill between the initial drill fans and target the visible gold mineralization to the east. We also announced Phase 2 drill results from the North Block that was conducted to test the extension of the North Block zone to the northwest. The Phase 2 program continued to encounter high-grade gold mineralization up to 450 m from the current resource shell. Phase 3 of the North Block program was recently completed to infill between the existing drill fans with assay results pending. Phase 4 of the program has now been initiated to test the area immediately to the northwest of the current drilling. With the objective of operational improvements and following a thorough testing process, we have committed to purchase seven battery electric haul trucks to replace our fleet of 12 diesel-powered underground haul trucks. One battery electric truck is currently in operation, with the remainder to be progressively dispatched by 2023. Mobile combustion of gasoline and diesel contributed to roughly 68% of the greenhouse gas emitted from operating the Brucejack Mine in 2020. After the rollout of this multi-year plan, we forecast a reduction of approximately 24%, or 6,900 tonnes of carbon dioxide equivalent annually from the implementation of this initiative. Looking ahead to the rest of 2021, we remain committed to safety. This includes continuing our COVID-19 safety protocols to minimize the potential for another outbreak at site. We are determined to continue to deliver consistent results and remain on track to achieve our 2021 objectives. Based on our production forecast, we anticipate meeting our annual production guidance. We expect to generate a significant amount of cash this year, which we have already in part deployed to reduce the debt. We have now reached a key turning point. Our cash exceeds our debt. Our underground development now provides us with access to five distinct mining areas. We nearly have a quarter of drilled-up stopes in inventory. Our capital expenditures projects are progressing well, and our resource expansion drill programs continue to successfully intercept high-grade mineralization. Drill results are expected to be released continuously throughout the rest of the year, and will contribute to an updated mineral resource and reserve we plan to release in the first half of next year. We have also launched our near mine exploration program with the intention to expand on resources in close proximity to the Brucejack Mine. We are really pleased with the hard work of our team and we look forward to reporting back on our progress. Thank you. That concludes the formal presentation. I will now turn the call over to the operator, who will open the line for your questions. Ariel? Thank you. We will now begin the question and answer session. Our first question comes from Heiko Ihle of H.C. Wainwright. Please go ahead. Hey there. Thanks for taking my questions. Hope you guys are all staying safe. Good morning, Heiko. Hi. I got a question about the chart you have on page nine of your presentation. The cumulative underground development appears to be going up in a fairly straight line, which I guess is the whole premise of this chart. I mean, conceptually, how much longer can you keep up more or less linear growth in underground development before you hit some sort of barrier where you have to then show up further from infrastructure underground for favorable ore? I assume there is no scientific and direct answer to this, but I mean, is this a matter of quarters, years, decades, never? Thank you for your question, Heiko. As we mentioned in the past, our objective is to accelerate development performance in order to open up the mine, open up new mining areas for flexibility and blending, but also open up the mine to establish drilling platforms. At the current rate of development, it would be difficult to increase even more. At the 1,100 m per month, we're at a good rate right now. Again, based on current reserves, we would continue to develop at this rate for maybe a year and a half, and then it's going to come down very quickly. As we said in the past, we're very confident we're going to find additional resources, and we're going to have to open up these areas. We'll see what we get from the exploration program this year. Because of the results we are getting so far from the drilling, I expect development rate to continue to be at a higher level for a few more years. Got it. At the risk of getting another answer along the lines of, as we mentioned in the past, all options are on the table. Just thinking out loud, your balance sheet is healthy, and it's getting more so by the day. You've recently refinanced the loan facility at Pretium. Meanwhile, shares are below $10, and this includes a 10%+ pop here today. Earlier on the call you mentioned debt reduction is what we've committed to do, but I got to ask, at what point in time, I assume the board and you are discussing this in pretty much every meeting, at what point in time would everyone be willing to start some sort of small share repurchase program? I guess if you can't really answer that question directly, I'll just ask for future plans of capital. Yeah. Heiko, as we mentioned in the past, and our priority was to reduce the debt, and we continue that. As we said in the past as well, until the convert is behind us, we will not be spending a lot of time and energy thinking about dividend or share buyback. Our convert matures in March 2022. I think, when we come back from end of first quarter 2022 results, that's when we're going to be starting to think about this some more. I have a feeling it'd be a decent pop for the shares if that happens. Just one quick clarification. How much is left to be spent on the Knipple and Brucejack camps as of today, please? The total expense for that is turning around CAD 62 million. Probably around 50% of that. Perfect. Thank you guys very much. I'll get back in queue. Thank you, Heiko. Our next question comes from Ovais Habib of Scotiabank. Please go ahead. Thanks, operator. Hi, Jacques and Pretium team, and thanks for taking my questions. Jacques, quick question from my end just on regarding the Q2 performance. I believe you started talking about it, and my call dropped, so I apologize if you have to repeat this, but you had said Q2 was impacted by performance issues with some of the stopes. Can you give us some color as to what changed to the positive in late Q2 to achieve the grade guidance? When we talk about the grade variability of Brucejack, is that I can say to you that the first two months of the quarter, we were right in line with our planning. In the third quarter, we had a stope, mainly one stope. We had two, but mainly one, who made a huge difference in grade because it's part of the nugget effect of the ore body. We had a high-grade feed for the last two weeks of the month, and it mainly impact positively the production. It's mainly the difference here. When we have stopes like that, as we explained to you previously, we apply a mine call factor to our reserves, and in the planning, sometimes we are capping stope in term of grade because we are at part of variability. In this case, we have a huge and really positive improvement on the grade on one stope, and it's what made the difference. At the end of the month of June, when we are facing high grade like this, we are slowing down the milling process to make sure that we improve the recovery. We had a load of gold in the gold room, and this is why, on a day basis, we increase the inventory at the end of the month because we're not able to pour it. That's the 8,000 oz of gold in the circuit as well. That's correct? Yes. It's what it is, yes. Got it. Okay. Moving into Q3, in terms of the drilling that you have in front of production, I believe now you're sitting at around three months of drilled stope inventory. That's actually, congratulations, that's pretty good to see. How do you see Q3 kind of playing out? Is it going to be fairly similar to what you saw in Q2? We're expecting in Q3 and Q4 more or less what we planned in terms of the guidance. Slightly better. Got it. Just moving a little bit to the sustaining cost quickly. Based on your guidance range, sustaining costs were lower in the first half. Despite lowering the guidance for spend by sustaining capital by $10 million, do you still see a catch-up of these costs in the remaining quarters of the year? It's Matthew here. Thanks, Ovais, for your question. We do see a catch-up, I think, in Q3. As I mentioned, that's our peak spending period, both for expansion capital, but also, to a certain extent, sustaining capital. You can see that rise a little bit in Q3, and we're very comfortable with that $40 million-$45 million range for the year. Yeah. Perfect. I still have one more question, but I'll jump back in the queue and I'll take my questions later on. Thanks for now. Thank you, Ovais. Our next question comes from Wayne Lam of RBC. Please go ahead. Hey, morning, guys. Just curious in terms of the costs related to safety measures and COVID underground. Just wondering how things have been progressing post the outbreak and will those increased safety costs be factored into the mine plan coming up? It's Matthew here. Yeah, the COVID costs are trending down. We did have COVID costs of around about $22/oz in the quarter, per ounce of AISC in this quarter. In Q2 of 2020 when we were in the eye of the storm, it was $50 an ounce. That is trending down. I think in our guidance we've disclosed for the year, AISC costs for COVID would be approximately $5 /oz. We're still comfortable with that. We may be a little bit higher than that, but it's a very small number. I think as Jacques has mentioned previously, we're now in the state where most of the industry is baking those costs into their future plans at some level. That'll be part of our budgeting process for next year. Okay, great. Thanks. Then maybe just wondering, back on the grade for the quarter, if you might be able to provide some detail on kind of the monthly grade profile or how it was trending prior to that, I guess, one stope. Just given the prior commentary, was there significant positive reconciliation versus the block model on that one section? Just wonder if you might be able to provide some more detail on that. Wayne, as Patrick mentioned, as you will remember at the end of the first quarter, when we had the first quarter results, we indicated that we would be at the low end of the range of the guidance, so closer to 80,000 oz per quarter. We were tracking right on that forecast for the first and second month. Then in the third month, we had this one stope that gave us a big bump. We had a significant increase in the month of June. Mainly, as Patrick mentioned, that increase came not during the whole month. It was the last two weeks of the month. That was the impact. We don't do reconciliation on a monthly basis because of the variability of the deposit. If we look at it on a stope per stope basis, it doesn't make any sense. We look at it on a more global basis, and we'll be able to do our reconciliation like we do every year at year-end, and we'll provide the information when we give our year-end results in early 2022. Okay. Got it. Thanks. Maybe just lastly, just on the fleet replacement. As you guys replace the fleet over the next couple of years, is there any incremental cost in terms of capital in moving to an electric fleet? Yes, it's included in our program. The cost is including the truck. We are not buying the batteries. We will rent the batteries because we don't have the expertise to operate that. Also we have some charging facilities, it's minor investment. More or less, we'll use current excavation to fulfill this demand. It's mainly the trucks, we're expecting a lot from that in terms of also the quality of the air, the ground, the efficiency, the truck go faster in the ramp. We already operating the vehicles in partnership with Sandvik since the beginning of December this year, the trial is really successful in terms of all the aspect of health and safety and also of the efficiency. It will improve our cost mainly because we'll reduce the manpower outside. Actually, the diesel vehicles are owned by the mining contractors. The electrical vehicle will be owned by us, and we will operate the vehicle going forward. Okay, perfect. Congrats on the quarter. That's all for me. Thank you, Wayne. Our next question comes from Joseph Reagor of Roth Capital Partners. Please go ahead. Morning, Jacques and team. Thanks for taking my questions. Hey, Joe. Maybe one more point of clarity on this single stope that kind of changed the quarter for you guys. Was that stope already drilled off ahead of time when you guys reported, was that May 4th, May 5th? Did you guys have some concept that there was a chance of this, or was this something where, as you guys did your drilling ahead of time, it became more obvious as you got into the third month of the quarter? Yeah, usually, the definition is two or three months ahead. It was more or less the drilling. I don't know when we sign off on the grade for the stope. Probably it was at the beginning of April. However, a nugget effect is that we have a drilling pattern when we're doing the definition drilling. The nugget, it's possible for us, and it's happened to us really oftenly, that when we are drilling, we're missing the nugget between holes and between rings. We have a tight drilling pattern because when we are doing the definition of a stope, we have multiple component to do this. First, we have the diamond drilling. We are doing also definition diamond drilling. We are adding after that, the development of the stope, because the main advantage that we are doing when Jacques explained that we push the development, is to push the access to drill the stope in advance to minimize the cost and be more efficient. We have all the development that we're recovering, the chip sampling, and we have the geology. After that, to do the definitions, we are using RC drills, and we are drilling the stope, and we have a composite per hole. It's pretty tight, but basically, the grade showed up in a structure that probably intersect the stope between rings, and it's what happened. It's the nature of this ore body. Okay. Thanks for the clarity on that. No, no. Second question. Don't worry, because if the grade, if we were able to know that, we'll never say that we will low-ball the objective for Q2. It's the nature of the ore body was like this. Okay. Second question, some other companies have reported that they've started to see inflationary pressures related to shipping of reagents and on the labor front, et cetera. As you know, inflation's a big topic right now. Have you guys started to see inflationary pressure? Can you give any color as to what magnitude and how you're planning for it? Well, definitely, Joe, we've seen steel, lumber increases as we started our construction program for the year. We're monitoring the situation and our supply chain department is looking at, now that we're going to start to work on 2022 budget, we're starting to look at what are the assumptions we're going to take and how we're going to deal with that. I think for us right now, Joe, I would say the more challenging aspect of all this is the lead time or delivery time for supplies. We have some impact in terms of cost, but they haven't been very significant to date in the big picture. It's the delivery times that we can see that now things are getting a little more challenging. It's not unusual in the current gold price and copper price context to see escalation. We've seen this in this business before and we're just going to be making sure that we're careful when we're planning our budget for next year. Other than the exchange rate that is impacting significantly in terms of basic costs, we don't see any major impact between now and the end of the year. Okay. You mentioned timing on getting stuff. Are there any materials that you guys need to get on a regular basis that you're concerned about, or that there's any risk to the supply chain for, that you can see right now? No, we don't. At the onset of COVID, the team took the proper measures and increased our inventories of grinding media, reagents, other supplies. We're in a good position right now. We don't see any risk of getting supplies. We're more starting to think about the construction plans and projects for 2022. Ordering steel and all that good stuff. Overall, we don't see any risk for 2021. Okay, thanks. I'll turn it over. Our next question comes from Anita Soni of CIBC World Markets. Please go ahead. Good morning, guys. A lot of the questions I guess have been asked. I just wanted to pick up on one thing that was said was, you said at the end of the quarter, you couldn't pour the gold. Why is that? Was there a specific reason, or was it just timing? Well, when the gold gets into the circuit, Anita, it gets out at the end. There's a pouring capacity we have every day. There's also a situation here in British Columbia right now that is impacting us. We transport the doré bars by helicopters, and we have helicopters, normally helicopters that can carry a certain weight, which I'm not going to disclose. Sure. A certain weight of gold. All those helicopters now are requisitioned by the government to fight forest fires. We have to operate with much smaller helicopters, which limits the quantity of gold we can get out. That's the one other thing that is impacting our ability to ship gold out of site. If the forest fire situation continues, we might see more inventory build up before you can draw it down. No, I don't think so. Before. I think that our objective is to try to bring it down over the quarter, to be at the end of the quarter at a more normal level. Again, I don't know if you followed the situation here in B.C., but B.C. is burning right now. It's challenging. Same thing in Ontario. My next question, I guess, I saw the credit facility was increased from $ 300 million to $350 million, and within that, there was, I guess, a commentary about being able to capitalize on strategic opportunities as they arise. I'm just curious, given that you've got $ 120 million-$ 170 million, you're doing well on that in free cash flow this year. You're paying down your debt. Are you looking at diversifying your revenue streams, looking at doing an acquisition at this stage? I think in the past you had mentioned that maybe in the latter half of the year, you would start to take a look at maybe broadening your revenue streams. Yeah, that comment we made earlier, Anita, continues to be true. We wanted to get the operations in good shape. We always said that until the third quarter this year, which we are in right now, our focus would be much more internally. Definitely as we get closer to the end of the year, we are going to start to look at what are the next steps for the business. Having increased our liquidity, in terms of the refinancing and the cash we generate, we are going to be thinking about what we need to do, and we are going to be in a better position with the current financial capabilities that we have. Sure. The last thing on the capital, I guess, we're still referencing, I guess, or taking a look at the old technical report, which obviously this year, the capital was much higher, in quantum. I think it was supposed to be $ 53 million, it came in at $ 120 million, right? This 2022 number's kind of like $ 30 million or so. As we think about 2022, should we expect that your capital programs fall off this year? What kind of go forward number, what should we be thinking about in terms of inflation on the CapEx side of the equation? Also that $ 10 million that you didn't spend in sustaining capital this year, is that going to be pushed into next year? Very long question with many parts, but I'll let you answer that. Thank you. I'll start with the end of your question. The $10 million, yes, definitely it's going to move to next year. Okay. That's going to happen. In terms of CapEx, we're going to be higher than the 43-101 next year. We haven't finalized our budgets for 2022, we're going to start to work, well, we started to work on it, but it's not finalized. It won't be at the same level as this year. It'll be somewhat lower. Okay. We're not exactly sure how we're going to end up, but it'll be lower than this year. Okay. Lastly, that commitment to purchase electrified vehicles, what's the timeframe on which you're going to be doing that purchase? We already have one truck at site. We'll have the second truck will show up in November. After that, all the others are scheduled month after month up to, I think, right at the end of August 2022. Okay. That should be within our 2022 numbers. Yes. When we're looking at capital, right? Yes. Okay. Could you give us an idea of how much that was? In terms of cost of truck? Yeah. A truck is $2.2 million. Okay. Thank you. That's it for my questions. Our next question comes from Don DeMarco of National Bank Financial. Please go ahead. Well, thank you, operator. Hello, Jacques and team. My first question, the point of drilling off the inventory is to tame the production volatility. There was a key stope that factored into Q2 that we're hearing about. With the strong Q2 and the previous quarters, we're seeing that this production volatility is decreasing. Is it fair to say that your strategy to drill off the inventory is working, and that you have higher confidence in achieving production and grade targets going forward? Definitely, Don, you're bang on. If you look at our performance, there's a slide in the presentation that shows compared to the midpoint of the guidance with the high end of the guidance and the low end of the guidance on a quarterly basis. We've been tracking within 5% for a number of quarters now. In an ore body like ours, to be able to do that, it's quite remarkable. The team has done an excellent job. Drilling and advancing the knowledge and, yes, on a stope-by-stope basis, we're going to see some up and down, and it's going to happen. Overall, I think, we can say that our production is fairly consistent. As Patrick mentioned, we're expecting the next quarters to be more or less in line with the guidance, the mid-range, and we think maybe even a slightly higher than the mid-range. We're going to be within that band, as far as we can see. Yeah, with the five areas that we have opened up, with the drilling inventory, we're a lot more consistent, and we have a lot more confidence in what is coming in front of us. I think the point of it is that the market likes to see that hitting the midpoint of guidance in a way. If there's any given quarter that you have low throughput, you have the ability to pull levers and offset that with slightly higher grades. I'll take that as encouraging, and we'll look forward to the next couple quarters. Just a couple other quick questions, though. Can you remind us, are you planning an updated technical report and life of mine plan for next year? If so, can you just remind us of the timing? Yeah. As we said earlier, Don, we're planning to issue an updated 43-101 in the first half of next year. Most probably more in the second quarter than the first quarter. We're still debating when we're going to do the cutoff on all the drilling and all that good stuff. For sure, it'll be out in the first half of 2022. Finally, the convertible debt's due in March. Is it your intention to pay this off with cash? Can you also remind us what the level of debt that you're comfortable with? Sure. It's Matthew Quinlan here. We are planning to pay that off with cash. As Jacques and I have mentioned in the past, we want to exit that maturity with at least $100 million of cash on the balance sheet. We do have the ability to draw on the revolver to redeem that, but given our cash position, we would anticipate funding that redemption with cash on hand. With respect to debt in the past on the balance sheet, we don't have a specific number, but Jacques, myself, and Pat all believe that lower leverage in a commodity business is generally a good thing, and certainly under one turn of funded debt is something that we would be entirely comfortable with, maybe even a little bit less than that. We're also cognizant we're a single asset producer. As Jacques has mentioned in the past, we want to have a lot of liquidity and also cash on hand as well. Okay. Thank you, gentlemen. That's all for me. Thank you, Don. This concludes the question and answer session. I would like to turn the call back over to Mr. Perron for any closing remarks. Thank you, everyone, and thank you for joining us this morning. I would like to thank you and thank the team for the interest in what we're doing here, and thank our entire Pretium team and all our partners and contractors and people that work with us for their dedication as we look forward to a very exciting second half of 2021 as we continue to execute on our plan and achieve our objectives. We wish everyone a very nice weekend, and be safe out there. Thank you very much. This concludes today's conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.