Anita Soni: Hi. Good morning, Ammar and team. Thanks for taking my questions. I just have a couple of modeling questions right now. How much of the AK deposit, sorry, the Akasaba deposit is the tonnage at Goldex? And like how will that play out for the next, it will look, my assumption is about 10% and does that just sort of stay at that 10% level until it’s run out? If you could give us some color on that, it would be great.
Dominique Girard: Hi, Anita, Dominique speaking. The plan is to have 1,000 tonne per day coming from Akasaba and 7,000 ton per day coming from Goldex.
Anita Soni: Until Akasaba is run out, right?
Dominique Girard: Yes. Now what we call it, four, five years.
Anita Soni: Okay. And so for that reason then, I mean the cost increase in terms of unit cost that should, I mean what portion of that is related to the Akasaba ore and how long should we be using those kinds of unit costs?
Dominique Girard: That’s a good question. And it’s not just only Akasaba. There’s different element into play. As we are going from Deep I to Deep II at Goldex, it is changing the cost structure as well as we’re mining more of the south zone, which is higher cost tonnes, but higher grade tonnes. Overall, the costs are increasing. It’s mainly related to that.
Anita Soni: Okay. And then similarly a similar question for Macassa and the proportion of ore that you would see from the AK deposit.
Natasha Nella Vaz: Hi, Anita. With the AK deposit, we’re going to be doing a bulk sample this year, sending that to the LZ pit, but we’re going to be ramping — LZ mill, sorry, and then we’re going to be ramping up to about 500 tonnes per day on average for the AK deposit. And then Macassa, in terms of the underground potential, I would say, probably 1550 tonnes per day, the mill capacity, yes. And that at peak probably 1650.
Anita Soni: That’s it for my questions for now. I’m still modeling, I might get some of you guys offline later on.
Operator: Your next question comes from Greg Barnes from TD Securities. Please go ahead.
Greg Barnes: Thank you, operator. Ammar, can you talk a little bit about how you see the production profile evolving beyond 2026? You’re sustaining 3.5 million ounces roughly through that timeframe. Then what does it look like beyond that?
Ammar Al-Joundi: Well, Greg, we don’t give specific guidance beyond three years. People have asked us why don’t we. What I would say is, I think while some others have given much longer term guidance and we didn’t. I think we’re the ones who are actually growing production and some of the other people aren’t. So the best way to answer that is, and Greg, you know, our assets pretty well. We have good assets. We’re reinvesting in those assets. We’re good in getting good exploration results. So we’re pretty confident about our — we’ve increased reserves by 10%. So, without giving guidance or any number, I would say, we’re quite confident that we’re going to continue to be able to run a very good business.
Greg Barnes: Secondarily, you talked about in the press release, higher or an increased throughput rate, I think, at Hope Bay. I know you’ve set the bar at roughly 300,000 to 350,000 ounces a year because that’s what’s economic in the North. But what kind of size are you thinking about above and beyond that at Hope Bay going forward?
Dominique Girard: Dominique speaking, Greg. The teams are doing the tradeoffs about the tonnage. There’s two aspects into it. First is how could we use as much as we can the current infrastructure and to minimize the CapEx. So this is bringing us to a certain tonnage. Then how could we expand from those infrastructure and to bring it to higher tonnage? I will say, I see Hope Bay as a Meliadine project in term of 6, 7 gram per ton. If we could bring it also at the tonnage of Meliadine 5,000, 6,000 ton per day, that could be interesting. That might be the sweet spot, but we’re still doing tradeoffs.
Operator: Your next question comes from Carey MacRury from Canaccord Genuity.
Carey MacRury: A lot of, well, some of your peers have made or are chasing growth in copper. Just wondering how you guys think about copper and more broadly base metal exposure?
Ammar Al-Joundi : Well, I mean, I think copper has got a great future frankly. I think the world is transitioning. I think we think world is transitioning towards electric versus fossil fuels, and copper will play a role there. We are quite excited about the potential at San Nicolas. As you recall, Carey, we didn’t do San Nicolas because it was copper. We did it because it makes a lot of money in a region we want to be in with a partner we want to be with. But certainly, we like copper. And we are a gold company, but our job is to make money for our shareholders in a responsible way.
Carey MacRury: So, that leads to my second question. I mean, you talked about obviously having a regional focus in good jurisdictions. You’re obviously the biggest player in Canada by a long shot. But in the long-term, are you looking at other jurisdictions to grow into or how do you think about international diversification?
Ammar Al-Joundi: We are open to international diversification. I mean Australia, it’s probably between Australia and Canada as what’s the best place in the world to mine. So, we are open to very good mining regions in four countries, five regions. Is it impossible to go to a sixth? No. It’s not impossible. But it would have to meet the criteria of the geologic potential first and foremost followed by a view on political stability to actually be able to make 10, 20 year investments. We are a gold company. We are very strong in the jurisdictions we operate in. The next few years really we’re going to focus on what we’ve got and optimizing what we’ve got. We think we’ve got a great platform to build from. But if there’s an opportunity that makes sense to create more value per share for our shareholders, we are going to look at it.
Operator: Your next question comes from John Tumazos from John Tumazos Very Independent Research. Please go ahead.
