Thank you all for joining us this morning. Before I turn the call over, I need to advise that certain statements made during this call today may contain forward-looking information, and actual results could differ from the conclusions or projections in that forward-looking information, which include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the timing and amount of estimated future production, cost of production, capital expenditures, future metal prices, and the cost and timing of the development of new projects. For a complete discussion of the risks, uncertainties and factors which may lead to actual financial results and performance being different from the estimates contained in the forward-looking statements, please refer to Yamana's press release issued yesterday announcing Q3 2021 results, as well as the management's discussion and analysis for the same period and other regulatory filings in Canada and the United States. I would like to remind everyone that this conference call is being recorded and will be available for replay today at 12:00 P.M. Eastern Time. Replay information and the presentation slides accompanying this conference call and webcast are available on Yamana's website at yamana.com. I will now turn the call over to Mr. Daniel Racine, President and CEO. Thank you, Operator. Thank you all for joining us, and welcome to our Q3 2021 Conference Call and Webcast. Presenting with me today is Jason LeBlanc, our CFO. Yohann Bouchard, our Chief Operating Officer, Gerardo Fernandez, Senior VP, Corporate Development, and Henry Marsden, Senior VP, Exploration, will be available to answer questions during the Q&A portion of the call. I will start, as always, with health and safety. Our total recordable injury rate was 0.68 for the first nine months of 2021. The health and safety of our employees always come first and is something we are always trying to improve. Since the beginning of the pandemic, we have taken quick action to limit the impact of COVID-19 on our operations and the communities in which we operate. We put in place across the company to minimize the spread of COVID-19. We are happy to report that we expect over 90% of our employees to be fully vaccinated before the end of the Q4. During the Q3, we completed human rights risk assessment at all our sites in line with the Voluntary Principles on Security and Human Rights. We also approve a responsibility policy covering all aspects of health and safety and sustainable development. This is available to review on our website. Earlier this year, we introduced our climate strategy. In Q3, we performed workshops with each operation to establish roadmaps for each operation that describe project cost and schedule. These actions will help ensure that its long-range GHG reduction efforts are supported by practical and operationally focused short, medium, and long-term action to achieve the targets. Moving on to our Q3 results. Jason will review our quarter in more detail, but I want to spend a moment to recognize the strong performance of our mines. Our mines delivered. Canadian Malartic, Jacobina, and El Peñón all had standout quarters, and Cerro Moro also produced excellent results. In total, from our five operating mines, we achieved the second highest quarterly gold production ever in Q3, with record-breaking gold production expected in Q4. As previously guided, we mentioned production was weighted at 53% for the second half of the year, with the Q4 being the strongest quarter. We did better than planned in the first half of the year, so don't be surprised if we do the same in the second half. We are in a very good position, strong position to achieve or exceed our production guidance of one million GEO ounces. I will also mention that September was the lowest cost month of the quarter, and we expect this trend to continue to Q4, where we expect to deliver meaningfully lower costs. Before talking about the Odyssey project, let me congratulate our exploration team at the Canadian Malartic General Partnership. They have been awarded Discovery of the Year by the Quebec Mineral Exploration Association for East Goldie. What an important discovery for the underground mine, assuring multi decades of production. We are very proud of them at Yamana. At Odyssey, development of the underground ramp continued to perform well. The headframe slip form pour started in September and 93-meter was completed October 19 in 21 days. Structural steel installation expected to start in November and being completed during Q4. Infill drilling from underground is defining the Odyssey internal zone, which are not currently included in the life of mine plan, but have potential to add underground production within the next five years. Exploration continues to deliver exciting results at Odyssey and something we will continue to provide updates on. Turning now to Jacobina and our expansion project, which continues to exceed our expectations. The mine has delivered significant progress on the phase II expansion. A new daily throughput of over 8,800 tons per day was achieved in September during a trial test to test the plant capacity. The potential we see for Jacobina extend well beyond phase II. As we have mentioned in the past, we will advance work towards our phase III expansion, but the true potential lies even beyond this. Jacobina is located in a mining jurisdiction with huge potential. It shares similar geology to the gold district in West and South Africa that hosts massive gold deposit. We are seeing the potential for the Jacobina belt to become an entire gold mining district, which we own 100%. The Jacobina mine has produced over two million ounces and has over eight million more ounces in mineral inventory, and this is all within a small portion of our land package, which is over 150 kilometers. In the future, Jacobina could very well be a complex of mines producing at a scale of over 400,000 ounces and continuing to be one of the lowest cost mines in the Americas. At our Wasamac project, permitting and engineering are continuing to advance. As you may have seen from our press release during the quarter, exploration is already beginning to deliver some exciting results, especially at the Wildcat target. The Wildcat zone is located 300 meters south of the Wasa Shear. Initial step-out drilling has expanded the down-dip continuity of the known historic zones that are now included in the current mineral reserve or mineral resources, highlighting the potential for zones with higher grade to increase future production and extend mine life. Our planned infill and exploration drilling has the potential to generate additional mineral reserves that will sustain a 200,000 ounces production level for an extended period and support a strategic mine life of more than 15 years. I also want to take a moment to speak about Mara, another high-quality asset in our portfolio with huge potential. The project is one of the world's lowest capital intensity copper projects, and we are working to advance it. In the quarter, work progressed on the engineering design, drilling at site, and furthering studies and permitting. We are at a very important moment for this asset, and there are multiple paths forwards, all of which deliver value for our shareholders. That value is huge, as you can see on this slide. At $4 per pound copper and at $1,700 per ounce, Mara has an NPV of over $4 billion, and we own 56.25% of that. We will evaluate all possible avenues to deliver the most value to our controlling interests. The opportunity we have to deliver value from this project that is not currently captured in our share price is truly exciting. I will now pass the call over to Jason, who can go over our quarterly result in more detail. Thank you, Daniel, and good morning, everyone. I'll now provide a brief overview of our Q3 results, as Daniel mentioned. We recorded net earnings of $27 million or $0.03 per share, and on an adjusted basis, $69.7 million or $0.07 per share, with the main adjusting item relating to our early note redemption premium. We also saw strong cash flows in the Q3 with a step change increase quarter-over-quarter, which I'll come back to in more detail in a moment. This profile of a strong Q3 is what we had expected at the start of the year. If you recall, at the beginning of the year, we guided that production would be weighted 47% to the first half and 53% to the back half of the year, and that the Q4 would be our strongest. Our results through nine months have tracked this profile, and we expect Q4 production to exceed 270,000 GEO, which positions us to achieve our annual guidance of one million GEO production for the year. On costs, recall in the Q2, we had indicated that we were seeing some inflationary pressures from certain consumables with an impact of approximately $20 per ounce above our planning assumptions at the start of the year. This is still our expectation. With our planned ramp up in sequential quarterly production, our unit costs have been decreasing since earlier this year. We really started seeing some of that better cost performance later in Q3. In September, we had meaningfully lower costs at several mines, and to give some gauge of that on a consolidated basis, AISC for September was about 10% lower than our average Q3 costs. We expect that trend to continue into Q4, where along with the increase in production, our AISC for Q4 should be between 5% and 10% lower than our AISC for Q3, which will translate to our strongest cash flows for the year. Moving on to results from our mines in a bit more detail. Canadian Malartic followed its exceptional Q2 with another strong quarter in Q3, benefiting from higher grade and recoveries compared to last year. Jacobina also followed its strong performance in Q2 with another solid quarter in Q3. Production in the quarter was close to the record-setting production established in Q2, with mill throughput above plan and with recovery and grade as expected. The mine is on track to sustain 7,500 tons per day of ore to the mill by the end of the year, which will support our path to the phase II expansion at Jacobina. Cerro Moro also had an exceptional Q3, with GEO production increasing 50% from the Q2. More mining faces continued to be opened up in the quarter, with more mill feed coming from the higher grade underground ore. This trend will continue in the Q4, which is expected to be the strongest production of the year, with stable throughput but at higher grades. With stronger production expected in Q4, Cerro Moro's costs are expected to be lower as well. Shifting over to operations in Chile. El Peñon delivered solid results, with GEO production increasing 19% quarter-over-quarter. Recall we had indicated El Peñon was one of the mines that would contribute to our back-end weighted production profile. The higher grade zones that contributed to that profile came into the mine sequencing during Q3, and we expect this will continue through the remainder of the year with a further increase in silver production for Q4. At Minera Florida, production was just under 22,000 ounces, but we are expecting a strong Q4, both in terms of higher production and lower costs, and the mine is off to a great start so far in October. On to our financial performance for the Q3. We continue to generate robust cash flows, with cash flows from operating activities and cash flows from operating activities before working capital increasing from the Q2 by 24% and 21% respectively. We also generated great free cash flow during the quarter, which increased 59% to $81.6 million, up from Q2. There were some other notable events during the quarter. We further strengthened our financial position by repaying $720 million of existing debt and completing an offering of $500 million in senior notes through 2031, with a net impact reducing our gross debt by about $220 million. Aside from increasing our average tenor on debt, our interest costs were reduced by approximately $20 million annually, which provides further flexibility for capital allocation. We also repurchased 3.3 million shares during the quarter since we initiated our share repurchase program. We will remain opportunistic with our NCIB and continue to use it as a further tool in delivering returns. To wrap up, I want to come back to the strong Q4 we expect with our highest production and lowest cost for the year. By extension, we'll see our strongest cash flow and free cash flow generation of the year as well. With that, I'll now turn the call back over to Daniel. Thank you, Jason. With that, I will turn it back over to the operator for questions. Operator? Certainly. Thank you. We will now take questions from the telephone lines. If you have a question and you're using a speaker phone, please lift your handset prior to making your selection. If you have a question, please press star one on your device's keypad. You may cancel your question at any time by pressing star two. Please press star one at this time if you have a question. There will be a brief pause while the participants register. Thank you for your patience. The first question is from Fahad Tariq with Credit Suisse. Please go ahead. Hi. Good morning. Thanks for taking my question. Maybe first just to clarify, I thought I heard you say 5% to 10% lower AISC quarter-over-quarter in Q4. Can you just confirm that? Yep, you're right, Fahad. Okay, great. My second question, maybe just extending that, can you talk a little bit about, like, 2022? I know Q4 this year benefits from the higher production, but what about going into next year? How does the inflation angle play in then? First I'd say we're, you know, obviously going through a planning process right now. We'll deliver a full update on our guidance early next year. You know, directionally, though, yeah, there's some inflation impact that will, you know, that'll carry over to next year. We're trying to keep a lid on that. We saw most of the inflation come into costs later this year. That's most of the impact that I mentioned. You know, we expect that to continue over to next year as well. We'll be taking other efforts to try to offset that. You know, we do think it's here for the short term. We don't think this is something that's gonna continue on for years in the past. It does look like it's, you know, based on some dislocations on the supply side impacts. Some commodity, you know, inputs are hurting us as well, but, you know, we're doing our best to offset it. Then just maybe as a quick follow-up, can you talk a bit about some of the measures you're taking to mitigate the inflation? 'Cause it sounds like from your comments that it's actually a bit more muted for Yamana than it is for some of your peers that are talking about 5% to 7% inflation on consumables or even higher than that, you know, 3% to 4%, maybe 5% labor inflation. It sounds like it's. If I'm hearing correctly, it sounds like it's a bit more muted for Yamana. I'm just trying to get a sense of what are the measures you're taking that's allowing you to kind of see less of an impact on inflation. Well, good morning, Fahad. You're right. You know, we have already said in Q2 that we're seeing at a maximum $20 per ounce, so that's 2% in our case. What we did is early in the pandemic, you know, we have increased our inventory, we have continued to maintain our inventory a lot higher than they usually are. The fact that we bought some of the material we need to operate our mines, you know, sooner, so that's why that is why this year that was not highly impacted maybe compared to others. There's some measures like that. Then on continuous basis, you know, we review our contract. We try goods from other companies that are other suppliers. If they can provide the same quality with a better cost, then we're gonna take advantage of this. We mentioned many time, all our mines have operational excellence, we call it in the company. There's many project each year at each of the mine that are there to, you know, reduce costs, mitigate costs, improve costs, because we have inflation on a normal basis with manpower and materials. That's part of our culture, that's part of what we do all the time to find ideas. It's coming from everybody in the organization, from the miners having ideas, from engineers, from people of technical service, from all across the company, and then we're sharing in between. Yohann and the team, they meet, each mine meets together on a monthly basis or quarterly basis to share, you know, what they're doing to improve their costs. If another mine can do the same, we do it. We have an initiative, you know, global procurement many years ago. When we go on tender for globally, you can assume we have a lot better price than mine by mine. That's a few of the things we're doing, but we're doing a lot to mitigate costs, and then we've been successful doing it. Okay, great. Thank you. That's it for me. Thank you. The next question is from Michael Jalonen with Bank of America. Please go ahead. Morning, Dan, Jason, Yohann, Gerardo, and Henry. Just had a couple of questions. Dan, you mentioned earlier that you don't think MARA is being valued in your share price. Correct me if I'm misquoting you. Just wondering, what was your basis for that assumption, and what steps are you taking to enhance the value? Maybe a joint venture, sell the asset, or is it more longer dated? My second question, actually, I'll come back to it. That was a long one to start off with. Okay, I will start, and then Gerardo can complement. You know, there's many that are carrying no value for Mara after we even publish a strong pre-feasibility study last year. The numbers we showed on our slide are speaking for themselves. You know, that mine is half built when we have integrated Alumbrera and Agua Rica together to form Mara. You know, there's always risk to spend $2.5 billion to $2.8 billion on a project, or $5 billion if you have to build a mill. This is behind us. The mill is built. We have the permit for the tailings facilities. We have all the infrastructure in place at Alumbrera to operate the mill. We have the permit to do it. We have huge open pit to even dispose tailings in the future. We have pipeline to transport the concentrate to the port. That all exists. What we need to do at Mara is to strip a big open pit and install the conveyors overland to the mill. That's something very simple to do. This is why we say, and then when we look at the valuation that's put on the market compared to the numbers you saw on the slide at $1,300 and $3 copper, that's not the price today for the gold in copper. There's a lot of value there. We're working to show you the value. We're gonna publish a final feasibility study next year. We're in the permitting phase. There's a lot of interest on that project. Our goal at Yamana is to demonstrate the potential of Mara. I don't know, Gerardo, if you want to add something on this, but we see huge potential with Mara in the future. Thank you, Dan. Maybe just to add, Mike, from a region perspective, Daniel was saying there are a few points there that have zero value for the asset. I would say maybe others have multiples of metal content. But if you look at what is the consensus versus what a similar asset, based on the development stage and the value, I think you can see that it would be a significantly higher value, even with a multiple for feasibility stage. Right? That's the reason behind that. It's a high-quality asset and with a profile for development, as Daniel was saying, that is, it's a lot lower risk than a comparable asset. In terms of paths to unlock value, our main path is to advance the project. We're doing the feasibility. We're advancing the permitting, advancing the social engagement, the social license. We have good progress there with the local team, and we have good progress on the technical side ourselves leading the study, but also with our partners. There are other paths or other alternatives and, you know, some industry, there's interest for corporate assets in the industry. We'll consider all options as we progress the project. It's obviously the more we advance it, the more the risk becomes, the more value it has. Well, we have great partner, Mike, with Glencore and Newmont, and then the three companies, we're fully aligned. We're working together now for over two years on the project. I think there's big value creation for the three companies in this project. Okay. Great. Thanks for that comprehensive answer. The second question is on your London listing. There was a lot of fanfare about this last year and early this year. I noticed the volumes have been very low on London, still very high in Toronto and New York. Just wondering, is Yamana happy with the London listing? Has it achieved what you wanted? Just curious. Thanks. Yeah, thank you for the question, Mike. Yeah, I think it's a process. It's not a one-day event. It's a process, and we understand investors in the U.K. and Europe value relationship and long-term relationship. We started traveling now the restrictions are lifted, and starting to have face-to-face meetings. It's a long-term commitment from our part, and we're gonna put the effort to go there and to meet face to face and tell our story and show our results to the investors. Well, we had already a good base shareholders in Europe and in London specifically. Now we're meeting a lot of new potential shareholders. Like Gerardo mentioned, Mike, it's not a one-day situation. It's a long-term establishing, you know, partnership or meeting new people in the future. We're there for long. Okay, well, thanks for that and good luck. Thank you. Thank you. The next question is from Tanya Jakusconek with Scotiabank. Please go ahead. Good morning, everyone. Thank you for taking my questions. Just wanted to circle back to Jason on the inflation question for 2022. As we go through the inventory that you purchased earlier this year, I appreciate on the labor side, you've done all of your agreements. Just wanna check with you, if we look at 2022, would it be fair to assume that, you know, your inflationary pressures are coming from buying additional fuel, consumables, et cetera, and therefore, something in the 3% range would be appropriate over the $700 per ounce sort of cost this year? Yeah, Tanya, I think that's the way you laid it out there, that's a reasonable, you know, thesis as we work through lower cost inventory purchases more at market than you would have, call it a cost plus compared to what we saw this year. I think that, you know, the jury's still out for us, and we're still through a planning process. You know, I think less exposure on some of the items that you mentioned there, you know, you know, obviously we've got exposure to fuel, but with, you know, predominantly underground mines, we're just not consuming as much as as other operations. We've got power locked up at all of our operations through next year at, you know, well better than market rate. I think there's a few other things going in our favor. To the extent we've had any, you know, inflation in the region, I think you see the kind of natural hedge of currencies working out here as well, and Canadian dollar, I guess, being the outlier in that regard. Again, that was our impact this year. That was for a partial year. I think, you know, it's fair to say by extension that impact could be, you know, the impact this year plus a little bit more for next year. You know, the final numbers will, you know, roll out into next year with our guidance. Okay. I appreciate that. Just wanted to understand also, as we look at some of your catalysts coming through in the next, you know, few months. We had an exploration update in September. I wondered when we would get a next exploration update, or any other studies or other things from now until you release your Q4 financials. I think the next big catalyst update, Tanya, is gonna be in February. We're gonna have our new R&R, you know, the Q4 result. We're gonna talk about the Cerro Moro heap leach, and then mill expansion. We said we were doing studies on both, so we're gonna talk about it. Update Canadian Malartic with the Odyssey project, the advance, maybe some more exploration result. We have very good result, you know, after we did release news earlier this year. You can assume that early next year we will probably have an exploration update also Jacobina. You know, hopefully we'll get the permit, but we're at the 8,500 tons per day, the mine is already adjusting to that. You know, we said 57 million at the beginning. Now we're talking 15 to 20, and that number is still going down, as you have seen in Q3, we have achieved, we're able to achieve with the actual mill 8,800 tons per day, so even better than what our phase II plan. There's a lot of catalyst news coming early in the year. Until then, I think it's gonna be quiet in November and December and January. February will be, there will be a lot of news. We'll try not to have all of them at the same time, I would say. Maybe a week or two apart, but there's many news coming early in the next year. All right. That's good. Maybe just on your reserves and resources, I just wanted to confirm with you on your pricing. Are we looking at keeping the same pricing? You know, we are seeing a bit of inflationary pressures through the costs. I'm just trying to understand whether the pricing you will keep that constant as you had in 2020. That's the first question. Secondly, how do you feel about replacing your production and your reserve base this year or growing resources, and what mines should I focus on? The price won't change. We have $1,250 now for many years. The $1,250 is there to stay for many more years so that inflation doesn't have any impact on this. So $1,250 is our number. What is it, $18 or $17 for silver? That's the two numbers that are constant for many years. That's the one we're gonna keep. On all the mines, Henry can put colors, but we see very good result. As you can imagine, Canadian Malartic, when you mine close to 700,000 ounces of your reserve each year, the reserve will go down, but the resources will continue to go up with the underground. Jacobina, we are already, you know, I said earlier this year that we have more than replaced or found ounces to replace what we gonna mine. We had very good success at El Peñon, as like usual. Cerro Moro, some very good news this year. We didn't really speak a lot about it, but you're gonna see. All in all, in general, we're very confident that we will do like in the past few years, so replace depletion and then maybe add some ounces at some of the operation. I don't know, Henry, if you want to say something else, but we're very confident. So what I Yeah. Go ahead. Uh, just, uh Daniel covered it really well. You know, we've had this very strong targets for the last few years of always replacing depletion. The sites are performing very well. We're fairly confident we'll make that target. You know, over the last few years, we've seen consistent growth at Jacobina, and I think we'll see that again this year. Then obviously at Canadian Malartic, we're gonna see some growth in resources there and perhaps a conversion of some of that inferred to indicated for that February release as well. Okay. What I kind of take from that is you've got a good chance of at least replacing production in your reserves and growing your resources this year. Yes. Yeah. Precisely, yeah. Just maybe one last one on Cerro Moro. Can I just have a feel for how much additional material you could unlock if you decide to expand the mill? Yeah. It's basically, you know, our cutoff tenor at Cerro Moro is very high because it's a very high-grade mine. You know, when you have a high cutoff underground of 6 grams per tonne and the open pit 3 grams per tonne. You know, that mill was built expandable. We know the front end of the mill, so crushing and grinding, it's already above 2,000 tons per day. We're processing it, you know, 1,000 to 1,100 tons per day right now. That's the max. But we know the front end can be able to do more than that. You'll see in the study what's our thinking. And then sure, with expanding the mill, we can expand the resources and reserve because we can mine lower grade. We have huge potential on the heap leach. You know, we have mentioned earlier that heap leach can bring us 40,000 to 50,000 ounces per year more because we're not mining any, you know, one gram type material. Huge land position there, huge target. This is where Henry and the team are gonna focus by the end of this year and early next year to bring resources at the lower grade that will justify the heap leach option. Then the mill option to upgrade the mill, it's not very costly. Like I said, it's already planned like that. You just add tanks on the flotation circuit and then, you know, the cyanidation circuit also to increase capacity. The unlocking that will permit to mine zones that right now we're mining right next to it underground. We have the development done, but because they're lower than cutoff grade, we don't mine them. We have already paid for all the infrastructure ramping down and then getting access, so it will add. What's the amount of ounces right now, let us finish the study, then we'll see what we can bring into the mineral inventory. Okay, that sounds good. Great. Thanks a lot for taking my questions. Thanks, Tanya. Thank you. Once again, please press star one on your device keypad if you have a question. The next question is from Mike Parkin with National Bank. Please go ahead. Hi, guys. Thanks for taking my question. A follow-up on the inventory comment that you've got excessive inventory now. What's the thought of that going into 2022? Is that something that you would be looking to maintain levels at or draw it down to more normalized levels? Good morning, Mike. We're still in the pandemic, so there's no reason for us to reduce our inventory for now. The plan right now is to continue. Nothing will change in our planning for, I'll say, at least next year and probably the next three years forecast that we're gonna release. The inventories are high, but we benefit of having higher inventory. There was a price to pay in 2020 to do that, but now we're benefiting of having done that right away when the pandemic start last year. Okay. Has there been any discussion with Tony Makuch at Kirkland Lake Gold now that the merger of equals with Agnico has been announced in terms of, like, what the vision is on Canadian Malartic? It seems like possibly we might be seeing some expansion in budgets for exploration, and certainly with that asset, it's showing quite a bit of upside. Maybe that's something that you guys would be welcoming. The answer is no, Mike. Let them do their deal, close their deal together later this month or later in November. After that, I'm assuming at the management committee level, then we're gonna have discussions. We'll speak with Tony at the time when the deal is closed. Then, I think, on the management committee level, where the mines are managed and where Yohann and his counterpart at Agnico, the new Agnico, will continue to be the same. We don't see any changes, and we'll be very happy to provide more money to the exploration as we generate, as you know, good, strong free cash flow. Malartic has been an amazing on exploration. I mentioned what they won today, the Discovery of the Year with East Goldie, and that East Goldie is always continuing to grow. We'll be happy to speak with Tony when it's the time. Just one last question from me. There's been a lot of chatter around labor tightness in Ontario and Quebec. For Quebec operations, are you seeing much in the way of price pressures to attract people to the Wasamac project, maintain staffing at Canadian Malartic? I'll start with Wasamac. The answer is no. We were able to attract very good people so far for the Wasamac project. We are building the team there. We're close to Rouyn-N oranda, so that helps a lot, I think, to attract people. There's many that are working in the mining industry that work closer from home. We've been able to attract good people. At Malartic, the underground project is basically now mostly a contractor thing. We're gonna switch to our own employees in April. Next year, we have started to hire people. I mean, on the staff side point of view, where we are hiring right now, we had no issue so far. We will see when comes the time to go with the underground. You know, the open pit will go down in the future. There's people that I've already mentioned, they want to be transitioned from the open pit mining to the underground. We have already these employees, they're working at the mine for many years. They want to stay and learn from the underground, so we're gonna start training also some of our actual manpower at the site. We have not seen that pressure at these two operation, but we'll see what happen in the future. So far, no problem, Mike. Great. One last question. South America's obviously been a bit of a COVID hotspot through the pandemic. That seems to be, you know, turning a corner here with Q3. There's a little bit of color in terms of employee availability. How do you guys see that kind of today? Is that the kind of best it's been in, you know, kind of year to date and thus supporting further that call for a very strong Q4 coming? Yeah, like I mentioned, you know, but Chile, to give an example, we have 100% vaccination rate at the two mines. Jacobina is getting close, is above 80% now, and the same at Cerro Moro for first dose. As the vaccine is getting more available, they're getting vaccinated. Cerro Moro is back in full production now for the last quarter and then this quarter. The other three mines, we had no issue since the beginning. We have no cases at any of our mines. We've put protocols in place at the beginning, and then they're bearing fruit because we're running the mines at full capacity, like before the pandemic. We still have the same protocol at site, but the mines are running like normal. Great. All right. Thanks. That's it for me, guys. Thanks very much. Thanks a lot. Congrats on a good quarter. Thank you. Thank you. The next question is from Ralph Profiti with Eight Capital. Please go ahead. Thanks everyone. Good morning. Daniel, my first question is on Jacobina and phase III permitting. By your own account, phase II permitting has gone very well, tracking ahead. When it comes to phase III, do you think it's probably going to go as smoothly? I'm specifically talking about, you know, incremental issues such as tailings and use of the railway. If that's gonna produce any more sort of scrutiny or more difficulties in getting the permitting for phase III. Well, thank you, Ralph. Good morning. We're gonna get a permit for phase III when we get the permit next year. The tonnage of 10,000 tons per day, that's the permit we're gonna get. We need 8,500 tons per day for the second phase, but we have asked for the permit like we were doing phase III. Okay. It's not a permit to 85, then another addendum to increase the permit to 10,000. We had decided to go directly to the 10,000. Understood. Okay. My second question is, you know, going back to the earlier comment about incremental Canadian Malartic investment now that we have sort of a new and bigger player, is that changing your thinking on the pace at potential dividend bumps, the pace at which we get NCIB action, you know, just in order for Yamana to sort of build up that balance sheet for maybe bigger capital commitments? No. Balance sheet is pristine, so we can afford giving more dividends, buying back more shares, and then continue to invest, if needed, more in Canadian Malartic. We're going at a very high speed pace there. You know, I mentioned the headframe. It's ahead of plan now. We're working on the other infrastructure. If we need to spend more money underground at one point, you know, we have, I think, 12 drills or 14 drills at Malartic right now. Can we go to more drills? Yes, we can. But that's not an issue for us to continue to have the same priorities. You know, we had three before. You know, balance sheet, that's fixed. We're focusing on returning to shareholders and reinvesting in the mines and in the project. You know, that's not an issue for us to put more money at Malartic or any of the other mines. We have increased budget internally to all our mines' exploration budget this year because it's going well, and then they have been successful to find more ounces. So that's not an issue. We should not hear that's a problem for Yamana, even if our partner is a bigger partner. Whatever we decided, we have always decided since day one what we want to do at Malartic. I'm assuming it will continue to be the same for both partners. We're 50/50 in there, and then it's going extremely well. I don't see any changes. At the mine level, we're gonna deal with the same people, and then maybe on the corporate level will be a bit different. Like I mentioned many times, and I think both companies mentioned on my side and then on Sean's side and Tony's side now in the future, nothing has ever come to the higher management of the two companies because there was, you know, problem at the mine level that the management committee was, is the board of directors of the partnership. Never, you know, the two groups together disagree on anything. Now it's gonna be almost, it's what, 7.5 years that we were in partnership. It's gonna be eight years in June next year. It's been a great partnership, and it will continue to be like that in the future. Yeah. That's really good news. Thank you, Daniel. Thank you, Ralph. Thank you. There are no further questions registered at this time, so I will turn the meeting back over to Mr. Racine. Well, thank you, operator. I thank you all for joining us on our Q3 2021 conference call and webcast. We look forward to sharing more, a recap of our full year performance in February. Please take care and stay safe. Bye for now. Thank you. The conference has now ended. Please disconnect your lines at this time, and we thank you for your participation.