Operator

Good morning, everyone, and welcome to the Aris Mining First Quarter 2026 Results Call. We will begin with an overview from management followed by a question-and-answer period. [Operator Instructions] The conference is being recorded. [Operator Instructions] Please note that the accompanying presentation that management will refer to during today's call can be found in the Events and Presentations section of the Aris Mining's website at aris-mining.com. First quarter 2026 financial reports for Aris Mining have been filed on SEDAR+ and EDGAR and can also be found on their website.

I would now like to turn the conference over to Mr. Neil Woodyer, Chief Executive Officer. Please go ahead.

Neil Woodyer
Founder, CEO & Chair

Thank you, operator, and welcome to our Q1 2026 earnings call. Joining me today are Doug, Oliver, Cam, Dustin, Corne and Alejandro.

But before we begin, please note the disclaimer on Slide 2. Moving to Slide 3. Aris Mining delivered a solid start to 2026, supported by higher production, a stronger realized gold price, and continued progress across our growth portfolio. Gold production totaled 74,000 ounces, gold revenue of $364 million, up 20% from Q4. Adjusted EBITDA of $212 million, up 25% and adjusted net earnings of $124 million or $0.60 per share, up from $0.46 per share in Q4.

Our operations generated cash flow that funded our growth and expansion projects during the quarter, while generating $42 million of free cash flow. Looking across our portfolio, we continue to advance each of