Good morning, and welcome to the Americas Gold and Silver First Quarter 2025 Conference Call. This call will be recorded and will be available for viewing from the Events' page of our website later today. Now, without further ado, I'll pass the call over to our Chairman and CEO, Paul Huet, so he can get started.

Thank you, Maxim. Good morning, everyone. I'd like to welcome you to the first quarter conference call. Please note, we will be referencing a slide deck, which is being shared through the webcast of this call. Before I begin the presentation, I'd like to remind you to please review our cautionary statements regarding forward-looking statements and non-IFRS measures. These statements can be found in our first quarter MD&A, our news release, and within our presentation. With me on today's call is Warren Varga, our Chief Financial Officer, who will take us through the financial highlights for the quarter. Also with me on the call is Oliver Turner, who is heading up our Corporate Development, and you will hear from Oliver as well. I'll start out by highlighting some key elements of our growth strategy before turning the call over to Warren. Let me start by sharing our optimism about where we are heading as a company and how we intend on getting there. In the last several months, the entire Americas team have been working diligently to methodically build the foundation for multiyear production and growth. As an organization, we are aligned in our efforts with the renewed focus on safely maximizing production from our existing asset base. Across our operations, we have been investing in our people and infrastructure, including the purchase of new mining equipment to modernize and grow our underground fleet and obviously, with the intent to become more productive. We have also been actively drilling to bring on new high-grade production areas and conducting exploration activities in underexplored zones near existing mining infrastructure with some very encouraging early results. Hence, that 034 vein that we hit at Galena that was quite exciting. We've been very busy at the corporate level as well. In late 2024, we…

Thank you, Paul and good morning everyone. This morning, we released our Q1 2025 financial results, our unaudited condensed interim consolidated financial statements and MD&A for the three months ended March 31st, 2025, are available on our website and on SEDAR+. In the first quarter this year, revenue increased by 12% to $23.5 million compared to $20.9 million in Q1 2024. This growth was driven by higher realized metal prices with silver averaging just over $32 per ounce and zinc at $1.27 per pound. We've produced 446 ounces of silver and approximately 838,000 ounces of silver equivalent -- ounces of silver equivalent, including 6.7 million pounds of zinc and 3.8 million pounds of lead. Our cost metrics for the quarter included cost of sales per silver equivalent ounce produced of $25.23, cash costs at just over $25 per silver ounce and all-in sustaining costs at $35.67 per silver ounce. We anticipate ongoing reductions in unit costs as silver production increases at both operations over the next several quarters. We recorded a net loss of $19 million for Q1 2025 compared to a net loss of $16 million last year. The increased loss was primarily due to the impact of metal prices on our metal-based liabilities and higher corporate G&A expenses. These were partially offset by higher net revenue, lower care and maintenance costs, foreign exchange gains and a gain on disposal of assets. Adjusted earnings for the quarter were a loss of $11.5 million and adjusted EBITDA was a loss of $5.5 million. Turning to our balance sheet. We've made significant strides since the December transaction, reducing total liabilities by approximately $34 million due to repayments of metal liabilities, royalties, the promissory note and transaction-related payables. The full conversion of our convertible debenture into common shares has also streamlined our capital structure. Looking ahead, we expect silver production to grow as we progress with the EC120 project at Cosalá and implement operational improvements at the Galena Complex. We're confident in our ability to strengthen our financial position and deliver on our growth objectives. With that, I'll turn the call over to Oliver Turner.

Thank you, Warren and hello and good morning everyone. Certainly, some great financial highlights there. So, I'm pleased on my behalf to share some significant developments in our corporate strategy that are enhancing Americas' visibility in the market and positioning us for continued growth in the investment community. So, as we announced last month and as of May 1st, 2025, Americas Gold and Silver was included in the Solactive Global Miners Silver Total Return Index, commonly known as the SIL, a leading silver miner ETF. This inclusion resulted in the ETF of acquiring approximately 11.2 million shares of Americas Gold and Silver, significantly increasing our visibility amongst large institutional investors who focus on index constituents. Being part of the SIL underscores our growing prominence as a silver-focused producer and validates the strategic progress we've made. Looking ahead to later this year, we see strong potential for inclusion in the VanEck Junior Gold Miners ETF or the GDXJ, which will be another big milestone for our company. So, these developments are critical steps in strengthening our shareholder base and exposing us to much larger institutions that only purchase companies that are part of these indexes. So since closing of the Galena Complex consolidation transaction in December, we've significantly expanded our investor base. In just four months, Americas' percentage of tightly held shares has grown from about 8% to over 60%, with large institutions such as Merk, Delbrook, Konwave, CQS, Mackenzie, and many others building substantial positions. Many of these groups are strong past supporters, sharing the successes of Karora and Klondex, and we're encouraged by their continued support here in Americas Gold and Silver. Looking ahead, we are continuing our aggressive investor marketing campaign in earnest. We will be attending the 121 Mining Investment Conference in London next week, where we have a fully booked schedule of U.K.-based institutional and high net worth investors. This will be our first concentrated effort in London since the consolidation transaction and we're looking forward to connecting with new and reconnecting with prior shareholders. So, with that, I'll turn the call back over to Paul for some closing remarks.

Look, what can I say? This is really just the beginning. We've been here for approximately 100 days, firing on all cylinders. We must remain laser-like focused on delivering our plan as we continue to grow. There's still a lot of work ahead of ourselves. But we're not afraid to roll up our sleeves and do that work, as most of you are aware. I just want to thank Oliver and Warren. I want to thank all our employees at both our operations in Mexico, at Galena. And most importantly, I want to say thank you to our shareholders, those who believe us, and all the analysts that cover us. And thank you very much and have a great day to everyone. Thanks for taking the time to join us on this call. End of Q&A: