Operator

Good day, everyone, and welcome to the Fortitude Gold 2026 First Quarter Conference Call. [Operator Instructions] It is now my pleasure to hand the floor over to your host, Jason Reid. Sir, the floor is yours.

Jason Reid
CEO, President & Director

Great. Thank you, Matthew. Good morning, everyone, and thank you for joining Fortitude Gold Corp's 2026 First Quarter Conference Call. Following my comments and associated presentation for those who joined online, we will have a question-and-answer period. Joining me on the call today for the Q&A portion will be Ms. Janet Turner, our Chief Financial Officer. Let me remind everyone that certain statements made on this call are not historical facts and are considered forward-looking statements.

These statements are subject to numerous risks and uncertainties as described in our annual report on Form 10-K and other SEC filings, which could cause our actual results to differ materially from those expressed in or implied by our comments. Forward-looking statements in the earnings release that we issued yesterday, along with the comments on this call, are made only as of today, May 12, 2026, and we undertake no obligation to publicly update any of these forward-looking statements as actual events unfold.

You can find a reconciliation of our non-GAAP financial measures referred to in our remarks in our Form 10-K filed with the SEC for the year ended December 31, 2025. To say the first quarter of 2026 was extremely busy is an understatement. While we are pleased to have 2 new mine permits in hand and are working hard to build and ramp up operations, the pace of activity has been intense. As a result of these efforts, gold