Royal Gold, Inc.

Good day and welcome to the Royal Gold Fiscal 2021 Full Year and Fourth Quarter Conference Call. All participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Alistair Baker, Vice President of Investor Relations and Business Development. Please go ahead.

Thank you, Operator. Good morning and welcome to our discussion of Royal Gold's fourth quarter and 2021 fiscal year results. This year, this event is being webcast live and you will be able to access a replay of this call on our website. Participating on the call today are Bill Heisenbuttel, President and CEO, Paul Libner, CFO and Treasurer, Mark Yistow, Executive Vice President and COO of Royal Gold Corporation, and Dan Brees, Vice President of Corporate Development of RGAG. Randy Sheffman, General Counsel, is also available for questions. During today's call, we will make forward-looking statements, including statements about our projections and expectations for the future. These statements are subject to risks and uncertainties and could cause actual results to differ materially from these statements. These risks and uncertainties are discussed in yesterday's press release and our filings with the SEC. We will also refer to certain non-GAAP financial measures, including adjusted net income, adjusted net income per share, and net cash. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are available in yesterday's press release, which can be found on our website. Bill will give you an overview of the fiscal year, Mark will provide a portfolio update, Dan will review the recent transactions, and Paul will provide a financial update. After closing comments from Bill, we'll open the lines for a Q&A session. Now I will turn the call over to Bill.

Good morning and thank you for joining the call. I'll begin on slide four. Fiscal 2021 was an excellent year for Royal Gold. We accomplished a number of strategic objectives during the year and in the short period since June 30th in an environment that continues to be impacted by COVID-19. Financially, we had an excellent year and turned in records for revenue of $616 million cash flow of $407 million and earnings of $303 million. On a per share basis, earnings for the year were $4.61 or $3.59 after adjustments. With respect to the portfolio and our growth profile, we also achieved some important goals. We strengthened our focus on our core business by divesting the Man Cho project, formerly known as Peak Gold, to Kinross. We continued to fund the development of ComiCal where we now have an 84% silver stream on an asset that saw first concentrate production in June. And we made three acquisitions that are gold focused with good operators, good jurisdictions, and most importantly, geologic and production upside. We renewed our revolving credit facility, extending the maturity by two years and securing a source of non-dilutive financing for our future acquisitions. I would like to personally thank all of the lenders in the facility for their support of Royal Gold. We raised our dividend for the 20th consecutive year, continuing a tradition of increasing capital returns to our shareholders. We made good progress advancing our ESG initiatives. We supported not only the communities in which we work, but also committed to meaningful programs with our partners at WASA and Pueblo Viejo. and found a creative way to fund ESG programs as part of the NX Gold Stream transaction. We remain committed to the long-term sustainability of our portfolio operations, and we are looking for more of these kinds of investments in the future. We continue the renewal of our board, and we welcome Fabiana Chubbs as our newest director upon the retirement of Chris Thompson. We believe that board renewal is an important part of good governance, and five of our six independent board members of joining the board in the past eight years. And finally, this will be our last June 30 fiscal year end. And we will move our reporting timeline so as to be more consistent with the rest of the industry by changing our fiscal year end to December 31. We think this is an important change as it will allow investors to more easily evaluate and compare our performance against others in the industry. I'm very pleased with the progress we made in fiscal 2021. and I think we ended the year in a great position. With that, I'll first turn the call over to Mark for an overview of operating performance and portfolio updates, and have Dan Brees give you some background on our acquisitions, and then turn to Paul, who will lead you through the company's financials. Mark?