Franco-Nevada Corporation

Good morning and welcome to Franco Nevada Corporation's second quarter 2024 results conference call and webcast. This call is being recorded on August 14, 2024. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a Q&A session where you may ask a question through the phone line or webcast. If you are joining by webcast, you may submit a written question for the Q&A session at any time during this call by typing your question in the Q&A section of the webcast platform. If you require immediate assistance during this call, please press star zero at any time for the operator. I would now like to turn the conference over to your host, Candida Hayden, Senior Analyst, Investor Relations. Please go ahead.

Thank you, Laura. Good morning, everyone. Thank you for joining us today to discuss Franco Nevada's second quarter 2024 results. Accompanying this call is a presentation which is available on our website at franco-nevada.com where you will also find our full financial results. The presentation is also available to view on the webcast. During our call this morning, Paul Brink, President and CEO of Franco Nevada, will provide introductory remarks, followed by Sandy Brenna, Chief Financial Officer, who will provide a brief review of our results, and Ian Gray, Senior Vice President, Business Development, who will discuss our recent transactions. This will be followed by a Q&A period. Our full executive team is available to answer any questions. Participants may submit questions by telephone or via the webcast. We would like to remind participants that some of today's commentary may contain forward-looking information, and we refer you to our detailed cautionary note on slide two of this presentation. I will now turn the call over to Paul Brink, President and CEO of Franco Nevada.

Thanks, Candida, and good morning. Our Q2 results benefited from record gold prices. Revenues and cash flow from operations were up compared with Q1. Results were lower compared to Q2 last year without the contribution from Cobre Panama and due to lower production at Candelaria and Antipokai. Lower quarterly production at the two operating assets is a short-term bump and we expect to return to normal operations at both for the balance of the year. These are two of our best performing assets over the long term. We look forward to the potential underground expansion at Candelaria and the future development of the Coracoaico project at Andapakai. Our business development team have had great success in recent months, and we're very pleased to have added two long-life assets to the portfolio, a gold stream on Solgold's Cascavel copper gold development project in Ecuador, and a royalty on Newmont's Yanacocha operations in Peru. Ian will give more detail on the acquisitions later in the call. Initial contributions from Yanacocha and the growing contribution from the Solaris Norte, Greenstone, and Toca Tocino gold mines that all started production in recent months will boost our results in the second half of the year. With that, I'll hand it over to Santa.