Eldorado Gold Corporation (NYSE:EGO) Q3 2023 Results Conference Call October 23, 2023 10:30 AM ET

Company Participants

Lynette Gould - VP, IR

George Burns - President and CEO

Phil Yee - EVP and CFO

Joe Dick - EVP and COO

Simon Hille - SVP, Technical Services and Operations

Conference Call Participants

Cosmos Chiu - CIBC

Carey MacRury - Canaccord Genuity

Kerry Smith - Haywood Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold Third Quarter 2023 Financial and Operational Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to Lynette Gould, Vice President, Investor Relations. Please go ahead Ms. Gould.

Lynette Gould

Thank you, operator, and good morning, everyone. I’d like to welcome you to our third quarter 2023 results conference call. Before we begin, I would like to remind you that we will be making forward-looking statements and referring to non-IFRS [Technical Difficulty] and the disclosure on non-IFRS measures in our management’s discussion and analysis as well as the risk factors set out in our annual information form.

Joining me on the call today, we have George Burns, President and Chief Executive Officer; Phil Yee, Executive Vice President and Chief Financial Officer; Joe Dick, Executive Vice President and Chief Operating Officer; and Simon Hille, Senior Vice President, Technical Services and Operations.

Our release yesterday details our third quarter 2023 financial and operating results. This should be read in conjunction with our third quarter financial statements and management’s discussion and analysis, both of which are available on our website. They have also both been filed on SEDAR+ and EDGAR. All dollar figures discussed today are U.S. dollars, unless otherwise stated. We will be speaking to the slides that accompany this webcast. You can download a copy of these slides from our website. After the prepared remarks, we will open the call for Q&A.

At this time, we will invite analysts to queue for questions.

I will now turn the call over to George.

George Burns

Thanks, Lynette, and good morning, everyone. Here’s the outline for today’s call. I’ll provide a brief overview of Q3 results and highlights before passing it to Phil to go through the financials, and then Joe and Simon to review our operational performance. Then, we will open the call to questions from our analysts.

Turning to slide 4, starting with production. Our performance continued to improve over the quarter with safe production of 121,030 ounces of gold. At Olympias, the mine delivered its best quarter of the year and the trend is positive with significant opportunity to make further improvements beyond where we are today. This is a site that is really seeing innovation and technology making a difference in productivity. In the past few months, we have energized the substation, upgraded ventilation, and added bulk emulsion blasting underground. All of this is converging to create a positive trajectory for the site going forward.