This conference is being recorded. All participants, please stand by. Your conference is ready to begin. 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 the 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 Q2 2022 results, as well as the management 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, the President and CEO. Please go ahead, sir. Well, thank you, operator. Thank you all for joining us, and welcome to our second quarter 2022 conference call and webcast. Presenting with me today is Jason LeBlanc, our Senior VP Finance and Chief Financial Officer. Peter Marrone, our Executive Chairman, will also talk about the Gold Fields agreement. The rest of senior management team is also available for the Q&A portion of the call. Peter is in transit, returning from meetings with South African shareholders, so we hope his connection remain adequate throughout the call. The health and safety of our employees always come first. Our total recordable injury rate was 0.81 for the first six months of 2022, and I would like to thank all our employees for remaining focused and committed to our safety values. Despite our excellent track record, this is something we are always working on improving and getting better at. The company continued to implement its climate action strategy during the quarter, including work on the analysis to support the conversion of approximately 50% of Cerro Moro's electricity requirement from diesel to the wind power. This will help meet the greenhouse gas emission reduction required between now and 2030 to achieve the company 1.5 degree Celsius science-based target and also reduce operating costs, expanded mineral reserve and extend the mine life. Work also continued to progress on other climate action objectives, including advancing the evaluation of other operational projects to reduce greenhouse gas emission and the estimation of our Scope 3 emission. I'm very pleased. Yamana has been named one of Canada's best 50 corporate citizens by Corporate Knights magazine for the second consecutive year. The company's ranking improved to 30th overall, and we remain the top-ranked Canadian mining company on the list. We are very proud of this exceptional recognition achieved by the dedication and hard work of all our employees and business partners. Further demonstrating our deep commitment to ESG excellence, earlier this week, Yamana's ESG rating, as determined by the MSCI, was upgraded to A from BBB, triple B. The upgrade is the result of improvement in our corporate governance rating, which reflects our effort to further improve our corporate governance and management policies and practices. Yamana has the longest history of prioritizing the health and safety of its people, protecting the environment and the community where we operate, and we are committed to continuing to improve our responsible development strategy. Turning now to our second quarter highlight. We continue our track record of operational excellence and produce over 232,000 ounces of gold, exceeding our plan for the quarter. The standout results were driven by Canadian Malartic, Cerro Moro, Jacobina and El Peñón. Notably, Jacobina achieved record quarterly gold production. Silver production of nearly 2.36 million ounces was in line with plan as Cerro Moro delivered strong result with increased mill feed from higher grade zones. GEO production of nearly 261,000 ounces was in line with plan despite the gold to silver ratio being near an all-time high and significantly above budget. With the strong year-to-date performance, Yamana is well positioned to meet its annual guidance. As you know, during the quarter, Yamana entered into an arrangement agreement with Gold Fields. More information will be provided by Peter later on the call. While I won't spend too much time on the numbers on this slide, given that we pre-release our operating result, I do want to take the opportunity to comment on our operational staff and the excellent result achieved to date. Turning to the individual drivers of our performance, Canadian Malartic delivered a strong second quarter which exceed our plan. We are also continuing to advance the development of the underground Odyssey project, which remain on budget and on schedule. The underground ramp is now at 380-meter vertical depth below surface and 2.3 kilometers of ramp completed to date. Shaft sinking is scheduled to begin in the fourth quarter of this year, and we are expecting first production from Odyssey South during the first quarter of 2023. We continue to see huge opportunities at Odyssey in the future. Exploration work has delivered promising result at East Gouldie, extending mineralization to the east, as well as the Odyssey South internal zone, which demonstrates the potential to add mineral resources. Jacobina had a record quarter driven by higher ore tonnes mined, with production for 2022 on track to increase for the ninth consecutive year. Underground mine development work continues to gain access to new mining panels, together with the higher ore tonnage mine, provides additional flexibility through the development of stockpiles, supporting higher throughput expected from the ongoing phased expansion. These positive trend should continue as the Phase Two expansion throughput objective was realized in July, establishing Jacobina's sustainable production profile at 230,000 ounces per year. Cerro Moro continued to benefit from access to additional mining phases, which supported the increase in mill feed coming from higher grade underground ore, which account for over 80% of the now stabilized throughput. At Cerro Moro, we are continuing to advance in parallel the scalable plant expansion study and potential heap leach project and are evaluating option for alternative source of power, which include a connection to the grid and wind power. Increased mill feed coming from higher grade underground ore and improved recovery has contributed to step change in year-over-year production. This trend is expected to continue in 2022, with additional contribution of ore from Zue. As planned, El Peñon delivered solid gold production result driven by access to higher gold grade. We expect that gold production will remain stable throughout the year, but a strong second half will account for approximately 60% of the silver production due to mine sequencing. One of the key strategy to increase value at El Peñon is to establish additional mining sectors and increase mining flexibility. With exploration success, the objective at El Peñon is to utilize the excess plant capacity and increase production. Minera Florida delivered production in line with plan, and we expect annual results to be in line with the plan. Operational efficiencies remain an area of focus at Minera Florida, and we have identified several new opportunities to increase recovery at the processing plant as we continue to work towards the plant debottlenecking study, which is expected to allow for increased throughput in 2025 when it's received its permits. Yamana continues to advance strategic initiatives across its portfolio, and we were pleased with our partner, Agnico Eagle, to announce positive exploration results at Odyssey and Wasamac on Wednesday. These results further support the strategic outlook and the company's effort to meaningfully extend its sustainable production platform. Notable highlights at Odyssey include East Gouldie exploration and infill drilling, which continues to highlight significant expansion potential. Recent drilling has extended the East Gouldie deposit to the west by approximately 225 meters, and to the east and depth by approximately 500 meters to more than 1,700 meters from the current mineral resource outline. Shallow drilling at the East Gouldie extension also extended the mineralized plane an additional 900 meters up dip from previously reported drilling. With 12 surface diamond drills active on East Gouldie, as well as four underground drills on Odyssey South, ongoing drilling is expected to convert a significant portion of the 2021 inferred mineral resources to indicated mineral resources for 2022 year-end reporting, and significantly expand inferred resources envelope. These new indicated resources will provide the basis for the updated technical study in 2023 that will allow definition of mineral reserve for Odyssey underground project over the next few years, starting at the end of 2022. We are very excited about the generational mine life potential at Odyssey, and the project represent one important step towards re-realizing the board-approved Yamana 1.5 Plan as it will establish a large, sustainable annual gold production platform between 500-600 thousand ounces on a 100% basis with a strategic mine life well into the 2040s. Importantly, only 47% of the current mineral resource are included in the 2021 mine plan. As our exploration success has shown, we believe there's potential for significantly higher production well into the future. Equally as important, the capital expenditure to achieve this is largely offset by pre-commercial production. Assuming the current gold price, 72% of the initial expansionary capital through 2028 will effectively be offset by pre-commercial production as we move into the upper part of the ore body starting in early 2023. The exploration success continued at our Wasamac development project. Infill drilling results continued to confirm or exceed expected grade and width, highlighting the continuity and tenor of mineralization. Exploration drilling also delivered a positive step-out drill result from Wildcat South, where drill holes provided confirmation of the new mineralized plane, which remained open at depth and along strike. Additional exploration targets on the property, including the adjacent Francoeur, Arntfield, and La Fortune properties, provide further upside. The positive infill and exploration drilling result to date provides support for an expanded production scenario within and adjacent to the known mineral envelope. We believe there is a potential for a strategic mine life of 10-15 years at 200-250,000 ounces of gold per year compared to the life of mine average of 169,000 ounces in the feasibility study at very attractive all-in sustaining costs. These exploration results, together with Jacobina's reaching the phase two throughput target and the Wasamac bulk sample approved by our board, demonstrate that we are delivering step by step on the sensible growth and value creation laid out in our Yamana 1.5 Plan. Our board-approved Yamana 1.5 Plan has identified a path to progressively increase production to 1.5 million gold equivalent ounces via a series of projects and optimization with very modest capital requirement and low capital intensity. This responsible growth is fully aligned with our capital allocation strategy, with balance, which balances the shareholder return, balance sheet, and low capital intensity growth. This low capital growth will strengthen our already leading Free Cash Flow generation. It's also important to note that this responsible growth is underpinned by multiple low-risk, low capital projects that have the ability to be mixed and matched to optimize Free Cash Flow generation. Such flexibility allows us to rearrange, adjust, defer, or move forward projects at our discretion, thus having confidence in achieving our overall growth plan while ensuring cash flow growth and growing shareholder return. With that, I will now pass the call over to Jason, who can go over our quarterly results in more detail. Thank you, Daniel, and good morning, everyone. Turning to our second quarter financial performance, our continued operational strength helped revenue reach $485.6 million, up over 11% from the same period last year. Gross margin, excluding DD&A, rose nearly 17% to $292.9 million, up from $250.9 million in the year earlier period. Earnings during the quarter were $72.1 million, or $0.07 per share, compared to a loss of $43.9 million or $0.05 last year. On an adjusted basis, earnings were $0.09 per share versus $0.08 per share last year. We delivered strong cash flows again in the quarter, with cash flows from operating activities before net change in working capital at $195.9 million, up nearly 17% from the same period last year, while cash flows after working capital were $187.8 million during the quarter, compared with $153.5 million last year, Q2. We also generated free cash flow before dividends and debt repayments of $53 million during the quarter or up about $2 million from last year, despite about $30 million of higher capital spending as planned, primarily from the advancement of the Odyssey project. We ended the year with cash and cash equivalents, or we ended the quarter, sorry, with cash and cash equivalents of $545.1 million, inclusive of $218.3 million available for use at the Mara project. As Daniel already noted, we expect free cash flow to increase quarter-over-quarter, with the strongest free cash flow generation anticipated in the second half of the year and in particular during the fourth quarter, which is expected to result in cash balances steadily increasing throughout the year. Lastly, although inflation has been a headwind to our financial results, we have successfully mitigated the impact with our strong production and productivity initiatives at our operations. In addition to our ongoing procurement efforts and provisional inventory builds from earlier this year, we are confident we'll be able to continue this trend for the balance of the year. With that, I will hand it back to Daniel for some final remarks. Thanks, Jason. Before completing our presentation, as we have Peter on the call, perhaps, Peter, you can give a summary of the status of the Yamana Gold Fields deal. Daniel, thank you very much. As you can see from our second quarter results, our board of directors took a business as usual approach. This is a forum for, as you have adequately done, a discussion and promotion of Yamana's operational strength, financial performance and prospects and opportunities. Our board felt that there were forums for discussion of the deal. This was a forum for discussion of the second quarter results. However, an important point is that the substance of the Gold Fields Yamana deal is Yamana and its value and its prospects. In taking a business as usual approach, we are implicitly promoting the deal with further explanation of what we see as value and what Gold Fields saw as that value in its diligence. As an update on the deal itself, we have begun an engagement with our and Gold Fields' shareholders. Some are aware that we were invited by Gold Fields shareholders in South Africa to present our company to them. As mentioned earlier, I'm returning from that engagement and meetings, and it seems to us that those meetings and presentations, including also some in London and New York, have gone well, both on substance and governance grounds. The value proposition and the industrial logic of the deal is in focus. While shareholders are expressing an understanding of the deal and support, good governance principles tell us that it's critical that shareholders should want to see full detail, and that full detail is provided when we and Gold Fields provide our information circulars. For formal commitments and support, we certainly expect that that will be forthcoming once those circulars are present. Interestingly, our circular will provide context for the deal and background, which is typical. We will go into great detail on that background, not only on the deal but more broadly. Similar to London Stock Exchange rules, Daniel, the Johannesburg Stock Exchange requires that we include a valuation on the company, and that valuation will demonstrate that the implied value in the offer is modest and there is considerably more value in our company than what is on offer. Next steps include continued engagements with our and Gold Fields shareholders, Gold Fields publication of its first half year results in August, likely in late August, publication of information circulars in September, and shareholder votes in October. One final comment that I'll make before passing the call back to you. On operational synergies, we have been taking a responsible and almost literal view of these operational synergies and optimizations. We have identified several and are critically assessing the dollar value of these. However, they are substantial and more than support the deal terms. Some of the obvious ones are Salares Norte, the asset in Chile that is in development by Gold Fields, likely garnering more production based on a faster and better transition from development stage to operations, particularly with El Peñón steering that transition. A possible fast-tracking of phase four at Jacobina. Advancing a more aggressive exploration program on the Jacobina Greenstone Belt with Gold Fields generations of experience with paleoplacer deposits such as these. A possible development and even optimizations of Mara, given Gold Fields experience along with ours in South America with development of large open pit projects. Finally, and as we reported on Wednesday, and as you mentioned earlier on the call, Daniel, Odyssey is bigger and better. With the extension to the west and up dip, as you mentioned, our and Gold Fields deep shaft underground experience will look at how we can, with the support of our partner at Canadian Malartic, fast track for a possible second shaft to the west. We will have more to say on these synergies and optimizations, likely before our information circulars, and we expect to be able to do that in time for the Denver Gold Forum in September. With that, I'll pass it back to you, Daniel. Thanks, Peter. This quarter further demonstrates our operational excellence and that our Americas focus portfolio is continuing to deliver as we progress towards the Yamana 1.5 Plan in a financially prudent manner, with exploration optionality providing even greater upside. With that, I will turn it back over to the operator for questions. Operator? Yes. Thank you. We will now take questions from the telephone lines. If you have a question and you're using a speakerphone, please lift your handset before 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, and there will be a brief pause while participants register. We thank you for your patience. Our first question is from Anita Soni from CIBC World Markets. Please go ahead. Hi. Good morning, Peter, Daniel, and team. I just had a couple of questions. Peter, you sort of addressed it. Firstly, I was gonna ask why the Wasamac update was with this release and perhaps not with the investor day that you had where you targeted the 1.5 million ounces, and you kind of showed the market all of your projects on top but didn't release this one. Is this, was that not ready yet at the time, three months ago when we had that investor day? It wasn't ready, Anita. Yeah. We got the result from exploration after that. We knew it was coming. We knew that we intersect the zones, but we didn't have all the information at that time. Okay. The second question was with regards to shareholder engagement, and that's probably a question for Peter on the Gold Fields deal. Could you just give us a little bit more color in terms of what you're seeing with the investors that you meet with and the kinds of color and detail that you're giving them that's incremental to what you've put out there publicly? Mostly it is informational, Anita. There's nothing that is new, other than of course, what we publish as new information, similar to what you asked about Wasamac. It's informational. It is startling in some respects. It shouldn't be startling to us that we feel that we are a company that should be well-known in market, but it's a big market, and many people don't know the company. What I mean by informational is that what we're doing is we're educating the shareholders of Gold Fields on what Yamana is all about. I said earlier that the substance of this deal is Yamana. What's being paid for it? Is there more value there? How do you recognize some of the synergies to which we've alluded? Mostly this is about engaging with these shareholders and presenting the company and giving an indication based on our experience and knowledge of the company of what the company is all about and the value proposition to which I referred. I have to say that those meetings have gone well, certainly on some of the governance side, shareholders principally in New York and in London that have asked how did we get to this point. I think that they've taken comfort on that. On the substantive side, it certainly seemed to us in particular, based on sidebar discussions after these presentations, it seemed to us that it was a refresh that those shareholders were becoming very comfortable with what Yamana was all about and the value proposition to which I referred. Okay. Just one more. In terms of, I think when you presented a couple of weeks ago and noted the increase in dividend and noted that Gold Fields will be listing in Canada. You mentioned something about other approaches and that information will be in the circular. I didn't follow up on that call, but I was wondering if you could provide a little bit more color about sort of the approaches that you've had and if anybody's approached you since this deal was announced. Well, we would not be in a position to be able to say anything about that, Anita. What I would say is, if you see our arrangement agreement, it contemplates what is the level of engagement that we have with this company, why we're committed to this deal. It also talks about, as is typical, under governance principles with boards of directors, it talks about what would be and would not be superior proposals. I think the more important point is the first part of your question, and that in that first part of your question, it really goes back to, for our board of directors in 2020, I don't know if you would agree, but our board of directors came to the conclusion that while substance and quality will always matter, we're increasingly in a world where relevance comes from size. We looked at it from a number of different lenses. One is how can we grow organically? You are aware, based on our 1.5 Plan and what we announced at our investor day earlier this year, how we get to that 1.5 million ounces. Daniel discussed that on this call earlier. How that number could also be larger as a result of what's in the portfolio. We looked at a host of other things as well. What can we buy? What are the possible transactions where it is closer to business combinations of mergers of equals? If we were to sell ourselves, who would be the interested parties, and how would those deals make sense? It was a broader engagement than only this one. This one was the one that was the bright, shining light for our board of directors, and understandably so, because of the level of experience that Gold Fields has that's comparable to ours. The fact that we are a plug and play with this America's portfolio by comparison to the assets that they have, the nature of the geologies of their ore bodies and their mines by comparison to ours and where we can get some synergies as a result of the combination of the two companies. Of course, what the result is, and the result is not just the size of the company, but also the quality. Again, I'm repeating things that we discussed on that call a few weeks ago, but it's not just that we've become a bigger company in amongst the super elites in our industry, but it's also that we have longer mine life, better free cash flow generation, better growth. Although managed growth, as Daniel, you said, this is growth that comes at very low capital cost, and with a true value proposition because our market capitalizations combined is still well below those other companies. Okay. Thank you very much, and congratulations on a solid quarter and keeping costs under control in this inflationary environment. Thank you, Anita. Thank you. Next question is from Fahad Tariq from Credit Suisse. Please go ahead. Hi. Thanks for taking my questions. First on Wasamac, I appreciate there's a lot of information that's been provided. Can you just remind on the AISC commentary that it's likely to be below the feasibility study average of around $830 an ounce, and that the CapEx for the project is unchanged at $416 million. Can you just talk about how to think about that in relation to inflationary pressures? Has that been considered, or are there production offsets? I'm just trying to understand how that's factored in. Thanks, Fahad. Good question. Look, the guys are working on constant basis to see on the cost, and then we have identified opportunities to reduce costs on some areas. As you mentioned, we have pressure on other areas. We're looking at improving recoveries by 1% or 2% make a big difference. This is on the cost side. We think our. If we produce more ounces, the denominator is higher. This is why we're very confident that we're gonna come with a revised feasibility study at some point with the success we have in exploration. To reduce the All-in Sustaining Cost, it will be one of the best. Maybe I'll pass it to Yohann to comment on my answer. Hi, Fahad, Yohann here. Thanks for the question. I just wanna say, I mean, after Daniel was saying here that to support the bulk sample, we redid the cost analysis and mining sequence and all that. For sure we readjust slightly the cost, but we also find some cost saving initiative that's offsetting those costs. Overall, even by increasing throughput, we don't see additional, I would say, CapEx investments in the processing plant, and basically the underground still about the same because it's wider, the stope are really wide. We have some good results with in-field drilling, and we find the stope slightly bigger. That support nicely, I mean, that increase of that new plan. For now, I mean, considering the cost, I mean, we came up to about the same CapEx. Okay, great. Would it be fair to say that by 2024, when maybe the production begins, there's productivity offsets you've mentioned, but it could be the case that maybe we're in a more normal cost inflation environment, right? Is it fair to say that you could even see potentially lower CapEx if things normalize? Yeah, if things normalize, yes. You know, we this is why I said and Yohann said, we're working and looking constantly how we can improve. At the end of the day, if costs normalize and they go back down to where they were before, then that means that the CapEx will be similar or even lower. Like Yohann mentioned too, one of the big things we're finding is the flow sheet we have for the mill that we designed at 7,750 tons per day, and then we're gonna process 7,000 ton per day. We see that even that mill can process a lot more ton. Jacobina's a good example. There's a 6,500 tons per day that we're running at 8,500 now. You know, by optimizing recoveries, by optimizing the flow sheet, reducing even in some areas some costs or changing equipment, this is how we arrive at that now in today's world with today's costs of equipment and everything at the same CapEx. It's possible by 2024, when we get the permit and go ahead with construction, then costs will be similar or hopefully lower. Okay, understood. Just maybe one question for Peter, not to belabor the point on the Gold Fields transaction, but are you finding this at a high level? Is there a different sentiment when you talk to Yamana shareholders versus the sentiment when you talk to Gold Fields shareholders? Are you finding different lines of questioning from each shareholder base? Thanks. The engagement with Gold Fields shareholders is a new thing for us. We've only recently begun that, literally over the course of the last few days and this past week. I would say that the engagement is similar to the extent that our shareholders are looking to learn a bit more about Gold Fields, those at least that do not know or did not know the company. We're finding something very similar with the Gold Fields shareholders as it relates to us. Our shareholders are not as interested in the question of what is being paid for Yamana, and understandably, Gold Fields shareholders are more interested in that. The implied price when the deal was launched was CAD 6.7 billion, and they want comfort that that amount is not reflective of total value for the company. The flip side of that is that the way that we've managed the growth of the company is modular, as Daniel mentioned, can be sequenced, and the capital intensity is comparatively light. In other words, it doesn't impinge on our free cash flow. There certainly is a tendency to focus on free cash flow, not dissimilar to our shareholders and other shareholders, the importance of free cash flow and balancing between spending money on growth projects and returns, cash returns, to investors. One interesting point that I think might resonate with you is one of the things that was not well understood is that consensus models, your model, others, is not taking fully into account all the value that's in Yamana. Our internal model certainly shows a net asset value that is substantially in excess of the net asset value that's in consensus. One of the things that was comforting is that what is the implied price, that $6.7 billion to which I refer, which is roughly, let's say, CAD 8.50-CAD 9.00, is actually an average of the target prices of the analyst community that covers the company. That's something that was not understood and resonated. In other words, what Gold Fields had been saying and we've now punctuated is this was essentially a normalization, a bit of an equalization type payment to reflect what is likely on the come in the next few months and quarter and no longer than the next year. Implicit in that is that there's considerably more value and this is where we highlight that greater value. That's the distinction I think I'd make between the Yamana shareholders and what they focus on and what we're now seeing as the focus of the Gold Fields shareholders. That's very helpful. Thank you. Thanks. Thank you. Please press star one at this time if you have a question. The next question is from Ralph Profiti from Eight Capital. Please go ahead. Good morning, Yamana team. Thanks for taking my questions. Daniel, if I can start with you. Just some rough estimates, in the context of the strategic life of 10-15 years at Wasamac gets me to around sort of a 3 million ounce deposit in terms of the reserves required to support that that conceptual plan, which is, it's about 60% higher than where we are now. Is that the right way to think about deposit size in terms of growth potential? How long do you think it will take you to get there? That's a good question, Ralph. You have it right. We have about 2 million ounces now on what we had when we bought and then when we did the. When we look at the drilling we're doing, Yohann mentioned earlier that we're infill drilling what we have. We're finding water zone, and then sometimes with better grade, we have the new discoveries. We have what I mentioned before, we're gonna start drilling on Francoeur, Arntfield and La Fortune. We can complement, but so far, exploration is returning amazing result. We're in 2022, we have still half of the year to drill next year and 2024. We're pretty confident by the time we get the permit to go ahead, build a mine, put it into production, that we will reach that number quite easily. Remember that, we're in the process to ask for the permit to start the ramp. We will develop that ramp, starting next year for the next few years, get the mine ready for production when the mill will be built, and then we'll have the chance to drill from underground because everything stays open. It's open on all direction. It's open going deeper. It's not drilled very deep because it's drilled from surface, but it's still open on all direction, all the zone, and it's open east and west. And then we're finding new zones. We don't think it will be a challenge to reach that. Yohann? Yeah, yeah. Ralph, maybe to add to that, I mean, we do have about 2 million ounces in our plan, and we have M&I and inferred that can be transferred as well. We're talking about 400, 200,000 ounces there. We also excluded some zone initially that's gonna be put into production. Maybe we'll look at cut in the field with different mining method. We also sterilize a big block around the old excavation that can be put into the plan as well. You also have to consider that based on the mining sequence that we have, we have 4 good years of 250,000 ounces per year with what we have. It means that it give us until 2030 to find those additional ounces and sustain that plan. Between now and 2030, I think we have plenty of time, I mean, to increase value to a project that we bought about no more than 2 years ago. It's really promising. We have to consider Francoeur and Lac Fortune that are close by, that we're starting to explore. We see really good news coming up on those two projects as well. Okay, great. That's a good update. I do have a question for Peter. Peter, I'm hoping you can help me to help us qualify the shareholder engagement, as it pertains to the 75% thresholds for Gold Fields, which in some circles is seen as a high hurdle rate. Is the goal when it's all said and done to reach a substantive portion of the shareholder base, at the end of the day? Is that one of the main goals? Well, at this juncture, we're in the information communication stage. We have not asked any shareholders. Gold Fields has not asked any of its shareholders to indicate its support for the deal. Understandably, as I mentioned earlier, Ralph, shareholders would normally, from a governance point of view, want to make sure that they have checked all the boxes, and that includes looking at the disclosure in an information circular. That's very typical. Of course, related to that is the proxy advisory services, Glass Lewis and ISS and their commentary on one deal or another. That would apply in this case as well. I would say to you that my impression and our broader management impression is that the 75% hurdle has to be seen in the context of a 66 2/3% hurdle, which is of the shares that are represented at a meeting. 75% is higher than 66 2/3%, but it's not, it's more than incrementally higher, but it's not substantively higher as a hurdle. I'd go further, I would say that if we look at the shareholder profile of Yamana and the shareholder profile of Gold Fields, Gold Fields has a greater concentration of shareholdings, which means that a smaller number of shareholders will be in a better position to be able to carry the vote. Whereas we would have to outreach to more shareholders in our case to get to that lower threshold of the 66 2/3. On balance, we're not seeing the difficulty of 66 2/3 for us. Equally, we're not seeing the difficulty of 75% of the shares that would attend and would be represented by proxy at a meeting for them. There are enough large shareholders, particularly those who take a longer term view, who are going through that information gathering stage, who are learning about our company and about the value proposition and what's being created. Our impression is that ultimately those shareholders, I don't mean to be presumptuous, but ultimately those shareholders would be supportive of the deal. They take comfort in what we are saying because it underpins what Gold Fields has been saying, which is that we've conducted, I'm speaking for them, but we've conducted seven months of diligence, and this is what we've come up with. One more comment that I think is germane here is this requirement of valuation. We are required, similar to what we've done with the London Stock Exchange, we are required to provide valuation in the proxy materials. That valuation, I think, will give even more comfort to our shareholders and to the Gold Fields shareholders that the offer price is not reflective of the true value of the company. Yeah, much better understood. Thank you, Peter. Thank you, Daniel. Thank you, Ralph. Thank you. We have no further questions at this time. Mr. Racine, I will return the meeting back over to you. Thanks, operator. Thank you all for joining us today on our second quarter conference call and webcast. Please take care and stay safe. Bye for now. Thank you. Your conference has now ended. Please disconnect your lines at this time, and we thank you for your participation.