BHP Group Limited

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Wheaton Precious Metals Silver Stream Transaction Conference Call on Antamina. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad or type your question in the Q&A box of the webinar. If you would like to withdraw your question, press the pound key. Thank you. I would like to remind everyone that this conference call is being recorded on Tuesday, February 17th, 2026 at 1130 a.m. Eastern Time. I will now turn the conference over to Emma Murray, Vice President of Investor Relations. Please go ahead.

Thank you, operator. Good morning, ladies and gentlemen, and thank you for participating in today's call. I'm joined today by Randy Smallwood, Wheaton Precious Metals Chief Executive Officer, Jacob Honolet, President, Vincent Lau, Chief Financial Officer, Neil Burns, VP Corporate Development, and Wes Carson, VP Operations. Please note, for those not currently on the webcast, a slide presentation accompanying this conference call is available in PDF format on the presentations page of our website. Some of the commentary in today's call may contain forward-looking statements, and I would direct everyone to review slide 2 of the presentation, which contains important cautionary notes. It should be noted that all figures referred to on today's call are in U.S. dollars, unless otherwise noticed. With that, I'd like to turn the call over to Randy Smallwood, our Chief Executive Officer.

Thank you, Emma, and good morning, ladies and gentlemen. Thank you for dialing in to today's conference call on short notice to discuss both our latest acquisition and our updated production guidance, which both firmly position us as the largest precious metal streaming company in the world. As announced yesterday, Wheaton has acquired an additional silver stream on the Antemina mine located in Peru, Through a new partnership with BHP, 33.75% of the silver produced in exchange for upfront consideration of $4.3 billion, making this the largest precious metal stream ever executed. Before I hand it over to our president, Haytham Baudelaire, I would like to offer a few high-level remarks. Firstly, quality silver production is becoming increasingly difficult to source, while demand continues to rise for both critical industrial uses and for silver's safe haven qualities in today's economic environment. This expanded stream on Antamina further strengthens Wheaton's role as one of the largest silver producers in the world. Secondly, the largest mining company in the world has chosen streaming as a means to unlock value, underscoring how compelling the streaming model has become. We are excited to continue building on this land-standing partnership with BHP and with the exceptional consortium that is behind Antamina and shares our commitment to responsible development. Lastly, with Antamina's increased contribution, I am pleased to share that Wheaton's updated production guidance now points to 50% growth by 2030, with an estimated $1.2 million gold equivalent ounces to be produced annually in 2030. Wheaton has grown into the company it is today by adding high-quality assets to our portfolio, and Antemina has long stood as one of our true cornerstones. Antemina is a proven, long-life, low-cost operation that will deliver immediate production and operating cash flow, and we feel strongly confident We believe that it will continue to create lasting value for our stakeholders well into the future. With that, I'd like to hand the floor over to our current president and soon to be CEO, Atham.