Welcome to the GCM Mining Corporation’s second quarter 2022 results conference call. My name is Richard and I’ll be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. I will now turn the call over to Mike Davies, Chief Financial Officer. Mr. Davies, you may begin.

Great, thanks Richard. Good morning and welcome to our 2022 second quarter and first half results webcast. Joining me on the webcast this morning is our Executive Chairman, Serafino Iacono. As is customary, I will first take you through our slides and some prepared remarks, and then Serafino will join me in the Q&A portion of this webcast. Please note that we will only be taking questions this morning that are submitted through the webcast live event platform. You can submit your questions at any time and we’ll address then when we get to the Q&A. Before we begin, let me remind you of our cautionary statement regarding forward-looking statements that may be made by us during this morning’s webcast. Next week marks the 12th anniversary of our acquisition of the Frontino Gold assets, which have since become our flagship Segovia operations. At our core, GCM has great assets, great people, and a strong balance sheet. On July 25, we announced we had accepted a proposal from Aris Gold to participate in a no premium, all share business combination. The arrangement is the culmination of a number of strategic alternatives reviewed by our board through the years. We believe in this market, an at-the-market combination with Aris represents a unique opportunity to enhance the value of our company and to push the potential for a re-rating of our securities. The exchange ratio has been set at one-half of a GCM share for each Aris share, and that will add about 38.6 million shares to our existing issued and outstanding share capital and will also add a fully funded asset in Marmato, which we know well, in addition to a new Tier 1 asset in Soto Norte. Based on the share prices of both companies, it is expected that our shareholders…

I think the answer to that is we’re still working on the PFS at this time. We’re not releasing a capex estimate until the PFS is done, which as I said will be after the conclusion of the Aris merger. There are still some quotes and information coming in on it. At this point, we are pleased with the results we’re seeing. We’re making changes, as we’ve announced, to incorporate contract mining and some build, own and operate contractors for the power supply and the fuel, but at this point, we’re not providing an updated capex on Toroparu until we get to the end. At this point, that’s the only question we have on the portal. If there’s no other questions, I’ll give it a second to see if something comes in.

All right, well, since there’s no other questions coming in at this moment, I’d like to thank you for joining. We are available if you want to reach out to us afterwards. Our contact information is on the presentation on our website. We thank you and continue to stay tuned for updates as we move through the process with Aris over the next several weeks. Thank you.

Thank you, ladies and gentlemen. This concludes today’s conference. Thank you for participating. You may now disconnect.