Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2020 First Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After this 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 1 on your telephone keypad. 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 Thursday, May 7th, 2020 at 11 a.m. Eastern Time. I will now turn the conference over to Mr. Patrick Drouin, Senior 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 on the line today by Randy Smallwood, Wheaton Precious Metals President and Chief Executive Officer, Gary Brown, Senior Vice President and Chief Financial Officer, and Haytham Hodaly, Senior Vice President, Corporate Development. I'd like to bring to your attention that some of the commentary in today's call may contain forward-looking statements. There can be no assurances that forward-looking statements will prove to be accurate as actual results in future events could differ materially from those anticipated in such statements. In addition to our financial results cautionary note regarding forward-looking statements, please refer to the section entitled Description of the Business Risk Factors in Wheaton's Annual Information Form and the risk identified under risk and uncertainties in management's discussion and analysis, both available on CR and in Wheaton's Form 40F and Wheaton's Form 6K, both on file with the U.S. Securities and Exchange Commission. These documents, together with the Q1 2020 MD&A and the press release from last night, set out the material assumptions and risk factors that could cause actual results to differ, including, among others, fluctuation in the price of commodities, impacts on Wheaton or or mining operations from which Wheaton purchases precious metals as a result of an epidemic, including the COVID-19 pandemic, which related to mining operations from which Wheaton purchases precious metals, the continued ability of Wheaton's counterparties to satisfy their obligations under precious metal purchase agreements and the impact of material changes in fact, law or jurisprudence on the CRA settlement. It should be noted that all figures referred to on today's call are in U.S. dollars unless otherwise noted. In addition, reference to Wheaton or Wheaton Precious Metals on this call includes Wheaton Precious Metals Corp and or its wholly-owned subsidiaries as applicable. Now I'd like to turn the call over to Randy Smallwood, our President and Chief Executive Officer.

Thank you, Patrick, and good morning, ladies and gentlemen. Thank you for joining us today to discuss Wheaton's first quarter results of 2020. Before I begin, I would like to start off by saying that I hope everyone has been keeping healthy and safe during these challenging times. It's hard to believe how much the world has changed since our last quarterly conference call. At Wheaton, our top priority remains the health and safety of our employees and the communities in which we operate. In response to the COVID-19 virus pandemic, we have made several changes to our business to ensure a seamless transition to working remotely. as well as launching initiatives to help support our communities and the communities around the mines from which we receive our precious metals. I will provide further details and updates on Wheaton's response to COVID-19 including the effects on our partner operations and guidance after Gary discusses our first quarter results. On that note, I am pleased to report that Wheaton had a very strong start to 2020. with over $177 million generated in operating cash flow in the first quarter, an increase of 50% relative to 2019, driven by the strength in precious metals prices. And we declared a quarterly dividend of $0.10 per common share in line with the minimum quarterly dividend set by the Board of Directors for the duration of 2020. So now I'd like to turn the call over to Gary Brown, Senior Vice President and Chief Financial Officer, who will provide more details on our results. Gary.