Good morning, and welcome to the Wesdome Gold Mines Q3 2022 financial results earnings call. Heather Laxton, Chief Governance Officer, will begin today. Thank you, operator, and good morning, everyone. Thanks for joining us today. Before we begin, we'd like to take this opportunity to remind everyone that during this call, we'll discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could cause outcomes to differ materially due to a number of risks and uncertainties, including those mentioned in the detailed cautionary note contained in yesterday's press release and in the company's management discussion and analysis dated November ninth, 2022. Both documents are available on our website and on SEDAR. Please note that all figures discussed on this call are in Canadian dollars unless otherwise stated. The slides used for this presentation and a recording of this call will be posted on the company's website. With that, it's over to Lindsay Dunlop, Vice President, Investor Relations. Thanks, Heather. Speaking on the call today will be CEO Duncan Middlemiss, COO Frédéric Langevin, CFO Scott Gilbert, and Michael Michaud, VP Exploration. Also on the call today is Rajbir Gill, VP Corporate Development. Fred will begin today with the review of operations. Hi, everyone, and thank you for calling in this morning. At Eagle this quarter, the planned thickener refurbishment shutdown was successfully completed on schedule in July. Production grades were in line with revised guidance, but production tons fell slightly short of internal expectations due to delays in production in September as a result of a COVID spike in the workforce, which forced us to extract underground crews on two occasions. Also, production blasting issues delayed our extraction to some extent. We expect significantly higher gold production in Q4 with no shutdowns planned during the quarter and COVID numbers trending lower. Finally, we have significantly increased our confidence level in the Falcon zone as a result of additional delineation drilling and experience with fill development and actual production results. With this additional information and our improved reconciliation processes, we have a much better understanding of grades coming from this zone going forward. At Kiena, which was also in shutdown in July for refurbishment of the hoist, the team has made significant headway towards achieving commercial production. Most importantly, at the paste backfill plant, all electrical components for the controls were delivered and installed. Recommissioning activities have started, and we expect the plant to be fully operational shortly. This is very good news as it will provide the mine with improved capabilities to deal with the challenging ground conditions encountered in Kiena Deep. Additionally, it will free up equipment currently being used to backfill stopes to focus on developing the ramp to access the wider part of the Kiena Deep A Zone. We continue to be challenged with mobile equipment delivery, especially our critical bolting equipment. In Q3, we have been able to source rental equipment, and we expect those to be commissioned in Q4, de-risking any further supply chain issues on that front. Over to you, Scott. Thanks, Fred. Both cash and AISC costs have increased in Q3 2022 compared to Q3 2021 due to an 8% decrease in ounces sold, the inclusion of the high-cost Kiena pre-commercial ounces, and inflationary pressures. At Eagle River, the cash cost increased by 49% to CAD 1,473 per ounce, and the AISC by 57% to CAD 2,259 per ounce, primarily due to a 30% decrease in ounces sold. We are still experiencing wage pressure, but the price of diesel decreased by approximately 7% from the average price in Q2 2022, and the other consumable prices were very consistent with Q2 2022. During the quarter, the company generated CAD 12.9 million of operating cash flow, despite Eagle River being shut down for 15 days and Kiena for 24 days for scheduled maintenance. The capital spend totaled CAD 33.8 million, with CAD 22.8 million being spent at Kiena. In Q4, we expect capital spending to remain consistent with Q3 2022 as we complete the remaining projects before we declare commercial production at Kiena. We expect costs to trend lower in 2023 as production ramps up and major capital projects related to putting Kiena into commercial production are complete. As of today, we have drawn CAD 54 million of the secured CAD 80 million revolving credit facility. Over to you, Mike. Thanks, Scott. Well, at Eagle River, we are now about a year into mining of the Falcon Zone, and given some initial challenges with forecasting, we have since remedied this situation with the addition of 95 definition drill holes and several hundred meters of development on various levels. Further to this infill drilling, in October, we released the results of exploration drilling at Falcon that was completed from surface and from the new 355-meter level development that now extends 400 meters west of the mine into the volcanic rocks. This drilling has extended the zone up plunge to surface. In addition, a number of drill holes have intersected mineralization in sub-parallel zones in the hanging wall of the Falcon Seven Zone, possibly the Mine Five and Three Eleven West Zones, including a recent hole that returned 40.3 grams per ton gold over 1.5 meters. The 355-meter level development is not only an important level for drill platforms to test these hanging wall targets, but also for future mining. Based on the success along the western boundary of the dike, we have now started to test the eastern boundary. Within the volcanic rocks to the east and directly beneath the previously mined two zone, initial drilling returned 233 grams per ton gold over 0.4 meters. This area remains a focus given that this could represent a separate future mining front. Elsewhere, drilling within the central portion of the mine diorite has discovered a new lens of gold mineralization. Recent highlights include 27 grams per ton over 4.6 meters and 40.4 grams per ton over 3-meter core length. This new lens will now be drilled and accessed from underground adjacent infrastructure along the previous mine eight zone, located only 100 meters to the south. Overall, a good quarter of exploration at Eagle River. At Kiena, we also had good exploration success in Q3, in particular at the Presqu'ile zone, which is located only 2 kilometers west of the Kiena Mine. Recent drill highlights include 24.3 grams per ton over 3.3 meters and 30 grams per ton over 9.4-meter core length, and the mineralization remains open at depth. Given the significant upside that the Presqu'ile zones could represent for Kiena, the company has commenced the planning to develop an exploration ramp from surface. Already, the initial soil investigation and geotechnical drilling has been completed to determine the optimal portal location, and the permit application has been submitted. Also, the exploration ramp could be easily connected to Kiena's existing underground ramp network, providing access to surface for the existing operation that comes with many benefits, including improved ventilation, less reliance on the shaft for the transportation of men and materials, access to higher level ore bodies, et cetera. In the underground, exploration drilling continues to return exciting results with the footwall zone discovery last year, and more recently, the discovery at the south limb, both having the potential to increase the number of ounces per vertical meter and to provide additional working faces during mining. Encouraged by these results, we continue to explore within the basalt in this area, which we expect to report these results later this month. Over to you, Duncan. Thanks, Mike. Staying at Kiena for a moment, the slide you're seeing depicts the current development in place that gives us access to the upper portion of the A-zone, which is narrower than the portion below the 1,250 meter elevation. The first two years of the PFS production scenario were built on the mining of the upper portion of the A-zone. The increase in the PFS mining rates were starting in 2024, as we develop the reserves down towards the wider area of the A-zone. Currently, the operation is behind in the planned advance of the ramp's pace, mostly attributable to challenges in the supply chain. As it stands, we will be developing into the wider part of this zone in yellow towards the end of 2023. Ramp development will be able to advance much more quickly once the final pieces of our long-awaited mobile fleet arrive in Q4, Q1, namely our mechanized bolters. We have been able to source some short-term bolter rentals to augment this. Additionally, once the paste plant is operational, this will eliminate the need to use cemented rock fill, which will free up additional resources such as scoops, trucks, and workforce. We are finalizing our 2023 budget now and will release production and cost guidance in early January. 2023 production at Kiena will be lower than the PFS schedule, reflecting the delays incurred to date. However, 2024 is more in line with the PFS. On a positive note, Fred and his team were able to develop more meters in October than at any previous point, and we are continuing to build on this success. 2022 is often one of our better years. A downward revision to guidance and currently tracking near the lower end is hardly performance we are proud of. As implied by our guidance, we are expecting a big fourth quarter. Moving forward, the two major issues we have faced this year have been the Falcon grade reconciliation and at Kiena, the supply chain issues. The variability of the Falcon Zone has negatively impacted our ability to accurately forecast production. Our block model in the Falcon, which informed our budget for 2022, was largely drill indicated. Now that we have drilled an additional 95 holes and completed substantial ore development within the zone, we feel our predictability is increasing. The Falcon Zone can best be described as a high-grade nuggety zone, and so far we have experienced both positive and negative reconciliations. As our additional information gets incorporated, we are confident our forecast will improve. We will take into account the high-grade variable nature of this zone when issuing 2023 guidance at Eagle River. At Kiena, we finally have the majority of our components critical to mining, with the exception of our mechanized bolters, which we expect in the next few months. Even with new equipment, breakdowns occur and sourcing parts is still an issue. However, this is improving. We're in the pre-commissioning phase at the paste fill plant and look towards the full commissioning of this critical piece of infrastructure as the final pre-production item which needs to be in place. We are still on track to finalize the paste plant commissioning for December. Global conditions have certainly made the development of Kiena a process much more difficult than I have ever experienced. I am confident we are better equipped now to continue the path to become an all-Canadian mid-tier gold producer with the assets, the team, the jurisdiction, and the exploration potential we all see. I will now open up the call for questions. As a reminder, to ask a question, you will need to press star one one on your telephone. Please stand by while we compile the Q&A roster. One moment for our first question. Our first question comes from Ralph Profiti of Eight Capital. Please proceed. Good morning. Thanks very much. Two questions for me, Duncan. Firstly, I'm seeing improved reconciliation and predictability at Eagle and the Falcon zone. Just wondering, when I think about these 95 definition drill holes, what's that in terms of, like, tons or meters, right? What I'm trying to get a sense of is how much I'm trying to quantify how much development is needed ahead of the plan in order to reduce grade variability going forward. Yeah. Ralph, really the issue with Falcon, I would say, is because it's, you know, kind of located about 300 meters to the west of the diorite. We did have a little bit of development in the upper part. That was the 622-635 stope that we took out in Q4, which over reconciled, to be quite frank. It really performed well. However, sort of the heart of the zone in which we sort of saw from 700-772 was largely not developed within the ore. We had the access to it, and it wasn't coming online until Q2. Frankly, at Eagle, Q1 performed as it was supposed to. It was only upon reaching the sort of the heart of the Falcon zone that we ended up with the grade reconciliation problems that we then recognized. I would think that we'd like to be up to six months ahead in terms of development, which would give us a, you know, much better, I would say, forecasting accuracy. In terms of actual meters, I think the zone is typically about 75 meters wide. In terms of stope development, I would definitely wanna have at least four levels in there. 300 meters of pre-development just on the ore itself. We're actually getting at that point now. There was a bit of a lag of developing the Falcon zone just because it was, you know, peripheral to the where we had all the infrastructure within the diorite. Yeah. Gotcha. Yeah, good answer. I appreciate that. If I can switch over to Kiena, just thinking about whether or not ground conditions are still only, you know, challenged within the footwall zones and whether or not this ground support is only required to be remedied through sort of bolting equipment and bolting strategies as opposed to other ground support remedies that may be needed. Yeah. Yeah, no, good question, Ralph. As identified in the PFS, I mean, we always recognize that the shift in the Komatiite rock types, which are in the footwall of the A zone. Just to put it in perspective, we've got a great confidence with salt in the hanging wall of the A zone. As you go to the footwall, it becomes into the schist and the Komatiite. Quite frankly, we didn't really have the tools in order to address this correctly. I mean, we all see that stand up time of stopes is a critical event. When you substitute the CRF for paste fill, that extends the the whole filling cycle substantially. I see that the paste fill coming online is going to significantly reduce the, you know, the exposure time that the openings have. Additionally, to not really have a mechanized bolter is, you know, it's been really, you know, problematic, I would say. We were expecting our bolters to arrive in February, March. The way we're going, we might get them in February, March of 2023, okay? It's just been really aggravating. Fred's done a good job of sourcing rental bolters. We're gonna get those online. But we can foresee that certainly that's gonna be helpful. Additionally, I would have to say just our experience with the you know the schist and the Komatiite has been beneficial for our you know our understanding of it and how best to deal with it. I mean, Fred's certainly quite experienced with this type of sort of converging schist, I would call it. It's very prevalent in the Abitibi. Bousquet had it. Lapa mine had it, where Fred worked before. Kiena has it. We're not the only ones for sure. I think his experience has really aided us in really controlling this much better. Gotcha. Yeah, very helpful. Thanks for that, Duncan. Thank you. One moment for our next question. Our next question comes from Don DeMarco of National Bank. Please proceed. Thank you. Good morning, gentlemen. My first question is, so it sounds like you're gonna declare commercial production at Kiena after the paste backfill plant is commissioned sometime probably in December. Does this imply that there isn't much growth CapEx remaining at Kiena in 2023? Yeah, it does, Don. I mean, you know, we're, I think, you know, our forecast for this year is somewhere over CAD 100 million. We're not gonna be doing anything close to that. It just depends, again, as I'll caution people on, the supply chain hangover. Sometimes you think you're gonna have expenditures in December that might go into January. Okay. Yeah. Okay. Sounds good. Duncan, looking at Eagle, I mean, at Kiena, obviously, we've seen the cost increase quarter-over-quarter, and we're looking forward to the paste backfill plant to largely remedying that. I mean, there might be some ground conditions and other things to also address, but that paste backfill plant should be an inflection point. At Eagle, you know, it sounds encouraging that there's a turnaround that might actually happen at the same time as Kiena in terms of cost reduction. How much of the cost escalation that we've seen at Eagle is due to grade volatility or so on versus, say, inflation? Maybe if we look at three to six or nine months, what kind of cost improvement that we might expect at Eagle can you give us a sense of the magnitude? I think, Don, really, I mean, we're still doing the budgeting exercise, so it's not finalized, so I don't really wanna get too deep into that. Yeah. What we see at Eagle is it's really, I'd say it's an H2 thing, honestly, is what I'm seeing right now. The cost inflation, we're really most exposed to wage inflation, I think. Really when we look at the cost breakdown of Eagle, because really it's a small development and dense of mine and really, I think 65% of our costs are likely, you know, our own wages and contractors, right? Okay. We've only seen an escalation of about 5%-7%, I'm gonna say. Okay. That's what we're most exposed to. In terms of consumables, we're really not that exposed. You know, these are, you know, smaller mines. We don't get hit with the, you know, huge cost increases because diesel went up or things like that. A lot of our cost components are not that. We did, I would say, you know, in terms of building out Kiena, especially in that period, you know, just for example, like steel all of a sudden shot up 35%. That certainly affected our, you know, our paste fill plant, the build and everything else. However, I think that we're starting to see hopefully a little bit of a retrenchment of inflation. In terms of volume, you know, ounces sold, Don, I think that's really the major driver here for us. Okay. I see. Okay. Well, thanks for that. Appreciate it. Just good luck with the restart and ramp up thereafter. Yeah. Thank you. That's all for me. Thank you. One moment for our next question. Our next question comes from Michael Fairbairn of Canaccord. Please proceed. Hi, Duncan and team. Good morning, and thank you very much for taking my question. I just wanted to ask about the balance sheet. I just wanted to confirm that I heard correctly that you've drawn down CAD 54 million on your credit facility now of the CAD 80 million total. That is correct. We've drawn down. Kind of following up on that, just wondering how you see your cash flow progressing over the next few months here. Do you see yourselves drawing down further on a credit facility? On the other side, after you achieve commercial production at Kiena, how quickly do you think you'll be able to to start paying that down? For the remainder of this year, we're gonna be pretty consistent, I think. About the CAD 54 million draw, depending on production for the remainder of Q4. We have positive, you know, expectations for the remainder of Q4, and therefore, we should be able to drive the revolver down somewhat. I think, you know, it all depends on how we're ramping up with Kiena for next year. We'll probably be using the revolver in and out during the first half of the year next year. Okay. Perfect. That's really helpful. Well, thank you very much, and good luck with the ramp up. Thank you, Michael. Thank you. This concludes today's conference call. Thank you for participating, and you may now disconnect.