Hello, and welcome to the Americas Gold and Silver Second 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 America's Chairman and CEO, Paul Huet, so that we can get started.

Thank you, Maxim. Good morning, everyone. I'd like to welcome you to our second quarter conference call. With me today on the call will be our CFO, Warren Varga, who will walk through the financial highlights of the quarter. Also with me on the call is Oliver Turner, our Executive Vice President of Corporate Development, who will take us through some important corporate highlights. I'll start off today by covering some key elements of our growth before turning the call over to Warren. Please note that we will be referencing a slide deck, which is being shared through the webcast of this call. So over to Slide 3. The normal cautionary notes. Before I begin the presentation, I would like to remind you to please review our cautionary statements regarding forward-looking information and non-GAAP measures. These statements can be found in our second quarter MD&A, news release and in our presentation slides. Now over to Slide 4. Let me begin by expressing our continued confidence in the path we're forging as a company and the strides we're making to achieve our goals. Throughout Q2 of '25, the Americas team has been tirelessly focused on strengthening our foundation. We've bolstered our balance sheet, allowing us to invest in our business and begin to implement the operational enhancements we've identified to set up for a sustained production growth. Our mission remains clear, to responsibly maximize the value of our assets through disciplined execution and strategic investment. This quarter, we've prioritized much needed equipment upgrades across our sites, adding new [ jumbos, bolters and ] scoops to our fleet. Additionally, renewed exploration efforts are already revealing high-grade opportunities near existing workings. Over to Slide 5, Maxim. At the corporate level, we've continued to make great progress. In Q2 of '25, we significantly strengthened…

Thank you, Paul, and good morning, everyone. This morning, we released our Q2 2025 financial results. Our unaudited condensed interim consolidated financial statements and MD&A for the 3 and 6 months ended June 30, 2025, are available on our website and under Americas Gold and Silver's profile on SEDAR Plus and EDGAR. Revenue was $27 million, down from $33 million in Q2 2024 due to the noted lower zinc and lead production as we focus on the EC120 development where we will see higher silver and copper output compared to the San Rafael mine. Silver sales grew with realized price of $34.22 per ounce. We produced 689,000 silver ounces and 839,000 silver equivalent ounces, including 1.5 million pounds of zinc and 1.9 million pounds of lead. Costs were approximately $28 per silver equivalent ounce for cost of sales, $26.64 per silver ounce for cash costs and $32.89 per silver ounce for all-in sustaining costs, down almost $3 from last quarter's with continued reductions expected as production volumes rise. Our net loss was $15 million, an increase from $4 million in Q2 2024, driven by our investment in the revitalization of the Galena mine, the transition to EC120 at Cosalá, increasing precious metal prices on metals-based liabilities, nonrecurring noncash corporate G&A expenses connected with the addition of critical technical personnel and the reconstitution of the Board of Directors and lower net revenue from the decreased base metals production previously noted. This loss was partially offset by lower interest and financing expenses and higher foreign exchange gains as well as very strong silver revenue performance. The adjusted loss was $12 million and the adjusted EBITDA was a $4 million loss. Our cash balance soared to $62 million this quarter, an increase of $53 million from Q1, mainly due to the first $50 million tranche of our $100 million term loan facility with SAF Group and the $11.5 million offtake financing with Ocean Partners. Working capital improved to $10 million from a $29 million deficit at year-end 2024. With that, I'll now turn the call over to Oliver Turner.

Thank you, Warren, and hello, everyone. I'm pleased to share some significant developments in our corporate strategy that are enhancing America's visibility in the market and positioning us for continued growth. In July, we hosted our first external group analyst tour with 9 different sell-side groups attending a 2-day visit to Galena. The tour was very successful, and we're able to show the group many of the positive developments and productivity improvements Paul mentioned earlier as we execute this investment year into our Galena operations. Later this year, we also look forward to hosting our first buy-side tour and welcome inquiries from a very strong shareholder base. Over to Slide 14. In terms of our results, I'd like to highlight a key achievement in this quarter. 82% of our revenue came from silver. In fact, this surpasses our short-term goal of reaching over 80% exposure to silver by the end of 2025, demonstrating that we're well on track to becoming a leading North American silver producer. While this percentage will shift slightly over the coming quarters as we transition into new mining areas with variable base metals byproduct credits, it is a strong indicator of our progress and the effectiveness of our silver-focused strategy. And look, no matter which way you cut it, investing into our company is one of the best ways you can place silver in this very exciting market that we're currently experiencing. Over to Slide 15. I'd like to address our upcoming share consolidation, which will see every 2.5 Americas shares exchanged for 1 Americas shares. As apparent -- as previously [ noted ] by our shareholder vote on June 24 and approved by the Board on August 6, this consolidation is designed to expand the investability of our stock to a wider audience. With a higher share price, the stock will now not only be eligible for more large institutional investors who have a minimum price threshold, but it will also enable margin trading for retail investors through brokers with share price requirements. This is the potential to enhance liquidity and allow our stock to be included in more investment portfolios in larger sizes, a positive and welcome outcome for all Americas investors. We intend to file articles of amendment soon and expect the common shares to commence trading on a post-consolidation basis within the next 10 days following final approvals. We'll provide further updates as we move forward. And with that, I'll turn the call back over to Paul for some closing remarks.

Thank you, Oliver and Warren. And actually, thank you to everyone who took the time to join us for this call today. Look, Q2, without doubt, has been a tremendous quarter about momentum for us at both Galena and in Mexico. Galena has had operational, explorational and metallurgical breakthroughs, some of which haven't been done for years. Cosalá continues to thrive and get into the EC120 and at the corporate level, with our $100 million financing, we're really set up to really deliver on those things that we've been working on. So overall, the first half of the year has been very exciting. It's been a lot of work. We're certainly not afraid of the work, and we're excited about what the second half is going to bring. So thank you to each and every one of you for taking the time to be with us here today and listening to our call. If you have further questions, please don't hesitate to get a hold of any one of us, and have a great day. Take care, everyone.