**Clive Johnson, President, CEO & Director**
Thank you, operator. Good morning, afternoon, or evening to everyone. Thanks for joining the call. We’re here to discuss the financial results for the third quarter of 2025.
We had a strong operational and financial quarter. Our Fekola, Masbate, and Otjikoto mines all exceeded expectations on the production side during the third quarter, resulting in lower-than-expected cash operating costs per ounce.
On October 2, 2025, we announced that we achieved commercial production at our newly constructed Goose mine. This milestone comes just three months after the inaugural gold pour, and we look forward to many years of successful operations in Nunavut, working closely with our partners, including the Kitikmeot Inuit Association.
At Goose, third quarter production was impacted by a previously disclosed crushing capacity shortfall and a temporary delay in accessing higher-grade ore from the Umwelt underground. We are now accessing the higher-grade zones.
To ensure a consistent feed of crushed ore to the mill, the company has implemented the use of supplemental mobile crushing capacity, which will be permanent moving forward.
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