Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2020 Third Quarter Results Conference Call. 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. 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, November 10, 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 today by Randy Smallwood, Wheaton Precious Metals Chief Executive Officer and President, 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 Risks and Uncertainties in Management's Discussion and Analysis, both available on CDAR and in Wheaton's Form 40F and Wheaton's Form 6K, both available on EDGAR. These documents, together with the Q1 2020 MDNA, the Q3 2020 MDNA, 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 mining operations from the Precious Metals purchases as a result of the epidemic, including the COVID-19 pandemic, risks related to mining operations from which Wheaton purchases precious metals, the continued ability of Wheaton's counterparties to satisfy the obligations under precious metal purchase agreements, and the impact of any 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 include 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 third quarter results of 2020. I hope everyone has been keeping healthy and safe 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. Now with regard to our third quarter results, I am very pleased to announce that Wheaton's high-quality portfolio of assets generated nearly $230 million in operating cash flow in the third quarter alone, resulting in a record of over $555 million for the first nine months of 2020. and given Wheaton's unique dividend policy, this strong cash flow has resulted in a 20% increase in our dividend to be paid in the fourth quarter. In addition, we recently announced a listing on the London Stock Exchange that we hope will provide another point of entry and make it easier for new internationally based shareholders to invest into Wheaton. We continue to focus on delivering value to all of our stakeholders. I will provide updates on Wheaton's response to COVID-19 after Gary discusses our third quarter results. 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?