Operator

Good morning, ladies and gentlemen, and welcome to the Lundin Gold's Q1 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 7, 2026.

I would now like to turn the conference over to Jamie Beck, CEO. Please go ahead.

James Beck
President, CEO & Director

Thank you, operator, and good morning, everyone. Thank you all for joining us today. I'm joined by Terry Smith, our Chief Operating Officer; and Chester See, our Chief Financial Officer. We're going to take you through our results for the first quarter of 2026.

Please note Lundin Gold's disclaimers on this slide. The discussion includes forward-looking information. Actual future results may differ from expected results for a variety of reasons described in the caution regarding forward-looking information and statements section of our press release. Lundin Gold is a U.S. dollar reporting entity, and all amounts in this presentation refer to U.S. dollars unless otherwise indicated.

Q1 was a strong start to the year. At Fruta del Norte, we delivered solid operating performance, generated significant free cash flow and continued to advance growth and expansion initiatives across the district. Importantly, this quarter reflects the front end of a back-end weighted year, both operationally and in terms of grades, and we remain on track to deliver within our previous issued 2026 guidance.

In the first quarter, we produced approximately 120,000 ounces of