Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. And welcome to the Wheaton Precious Metals 2021 First Quarter Results Conference Call. Our 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 If you would like to withdraw your question, press the pound key. I would like to remind everyone that this conference call is being recorded on Friday, May 7th, 2021 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 President and Chief Executive Officer, Gary Brown, Senior Vice President and Chief Financial Officer, and Haytham Hodaly, Senior Vice President, Corporate Development. Please note, for those not currently on the webcast, the slide presentation accompanying this conference call is available in PDF format on the events page of the Wheaton Precious Metals website. 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. Slide 2 of this presentation and our financial results contain important cautionary notes regarding forward-looking statements and I would direct everyone to review those notes in connection with the presentation as well as the risk factors set out in Wheaton's annual information form Management's discussion and analysis for the year ended December 31st, 2020 and in Wheaton's Form 40F. 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 first quarter results of 2021. I do hope everyone has been keeping healthy and safe since our last quarterly conference call. I am pleased to announce that in the first quarter of 2021, Wheaton's high-quality portfolio of assets generated record-breaking revenue of over $320 million and operating cash flow of over $230 million. Given Wheaton's innovative dividend policy, this strong cash flow has resulted in a 40% increase to the quarterly dividend relative to Q1 of 2020, marking the third quarterly dividend increase in a row. In addition, we continue to execute on our growth strategy, closing the previously announced stream on the Cozumel mine located in Mexico and announcing a new stream on the Santo Domingo project located in Chile. Both assets are owned by Capstone. a company we are very pleased to re-partner with as they grow these exceptional assets. Haytham will provide more details on our corporate development activities later in this call.