G Mining Ventures Corp. (GMIN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and good morning, everyone. If you've dialed in by phone, you can follow along with the presentation slides by joining the webcast. All participants are currently in listen-only mode to prevent any background noise. Following the speaker's remarks, there will be a question and answer session. To ask a question, please press star 1 on your telephone keypad. Webcast participants may submit questions at any time using the Q&A function on the webcast platform. I will now turn the call over to G Mining Ventures. Please go ahead. Good morning, and welcome to G Mining Ventures' first quarter 2025 results conference call. I'm Dusan Petkovic, Senior Vice President of Corporate Strategy. Joining me today are Louis-Pierre Gignac, President and CEO, and Julie Lafleur, CFO. This call is being recorded and will be available on our website, All figures are in U.S. dollars unless otherwise stated. Please refer to slide two for our cautionary language regarding forward-looking statements. We'll start with Q1 performance, followed by an update on OCO West, and conclude with key 2025 catalysts before opening the line for questions. With that, I'll turn it over to LP. Thanks, Dushan. Q1 marked our second full quarter of production, and continued strong execution. Our buy-build-operate model remains our edge, driving disciplined execution, capital efficiency, and cash flow generation. At PZ, we operated closely to plan despite challenging weather, maintaining first quarter cost performance. At Oko West, we've kicked off early works and remain on track for a construction decision in the second half. We produced 35,578 ounces at a cash cost of $689 per ounce and ASIC of $960 per ounce, reinforcing our first quartile position. Adjusted EBITDA was $69 million and free cash flow came in...