Neil Woodyer: We’ve done an awful lot of work over the last 12 months to get the EIA ready for resubmission. And we are pretty much there. We’re doing the final checks on this. So at the same time, we’ve done a lot of work in the social area to make sure there’s a much more community and small minor support to the project and that’s been extremely positive as we’ve gone through the year in doing that. The other thing we’re doing now is we’re just looking at it to make sure that the technical side is right and is updated properly, that we are doing the right mine plan, that we are doing the right construction schedule. So over the next few weeks, I think we’ll be in a situation to be able to say exactly how we’re going forward with that update [ph].
Kerry Smith: Okay. And when would you expect to submit the amended EIA for that project and if you been working on that document for a while now?
Neil Woodyer: We could virtually submit the environmental side now but we’re just making sure that we fully optimize the production plan within it. So a couple of months at the most, I would hope a bit sooner.
Kerry Smith: Okay. So by mid-year, then, I guess, would be a reasonable expectation.
Neil Woodyer: Yes. Yes. If we haven’t done in by midyear, we’ve kind of screwed out which I don’t anticipate.
Operator: The next question comes from Don DeMarco with National Bank Financial.
Don DeMarco: First off, congratulations on 2023 and your plan to expand production to 500,000 ounces by 26 all through brownfield expansion. Maybe continuing on 1 quick question on Soto Norte [ph]. Is it too early to provide some potential production trajectory beyond 2026, if Soto Norte [ph] added? So in other words, how much and when if all goes well based on what you know at this point?
Neil Woodyer: I feel much more comfortable in doing that in 2 months’ time than I do today. I think we really just need to finish off the work we’re doing. And as I say, a large part of the environmental side is effectively finished and sitting on the shelf. And we’re just making sure that from a production and operational point of view, we’re putting in the right thing. We’re double checking. So once that’s complete, yes, absolutely.
Don DeMarco: Okay. Fair enough. Then another option you have in your pipeline Toroparu and there’s a potential to draw a stream on that. Could you just give a quick update on Toroparu and whether you have any intention at this point to draw the stream at some point in the future?
Neil Woodyer: The streams there available to us that we meet the usual criteria. So that’s nice to safe in there. What we’re doing at the moment, so we’re doing additional studies on the road and some of the environmental issues. And looking at the power side, Richard has a few studies going on that. I think when we’ve got those to the next stage, we’ll be able to draw a bit of a circle around this and decide which is the best way to go forward with it. But at the moment, we’re in the studying of some of the key elements and making sure we’ve got those right.
Don DeMarco: Okay. And as a final question then has to do with M&A. I mean, certainly, yourself and others associated with the company are — have built companies by way of M&A. Could you maybe share with us what the company’s intentions or attitude might be towards M&A at this point? And if there’s any preferred jurisdictions or metals that would come to mind?
Neil Woodyer: Okay. Let me try and answer that. We build by acquisition, improving the assets and also by building and that’s been our pattern all along. And we’ve done that now in terms of putting the 2 operations together, rationalizing the management and the direction of those increasing all the other things. We’ve expanded the reserves. We now got 2 under production, all within a couple of years. And we’ve got the Soto project we’re developing. I think what we have to do now is through the decision [ph] to see how that fits in because I think it was Kerry was talking about financing requirements in the future. We have to make sure we have those properly orchestrated. We also have to make sure the market really understands and I think it’s not good that we haven’t been able to get the story out there.
It’s as clear as we should do, that we are moving fairly rapidly to 500,000 ounces from a couple of sources. And then I think at that stage, we’ll be in a much stronger position to look at M&A opportunities. Where would we look, I think that’s another question? I think it would definitely be Latin America. I’m not sure I like the country risk in Canada or the U.S. So it will be Latin America. I think we would stay in gold where gold was involved. I mean we may bring in some copper or something else but I think we are primarily a gold company and we will keep to that focus in terms of anything we did down the line. But I do think we have to recognize that we have to make sure we have value for our shareholders. We think we have a lot of value equation coming through the plan that we have now and we need to be recognized that we’re doing those things before we start diluting shareholders.