Wheaton Precious Metals Corp

placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd 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 of the webinar. If you would like to withdraw your question, press start. Thank you. I would like to remind everyone that this conference call is being recorded on Friday, May 5th, 2023, at 11 a.m. Eastern Time. I will now turn it over to my colleague, 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, Haytham Holey, Senior Vice President, Corporate Development, and Wes Carson, Vice President, Mining Operations. Please note that for those not currently on the webcast, the slide presentation accompanying this conference call is available in PDF format on the presentations page of the Wheaton Precious Metals website. I'd like to bring your attention that some of the commentary in today's call may contain forward-looking statements, and I would direct everyone to review slide two of the presentation, which contains important cautionary notes regarding forward-looking statements. It should be noted that all figures referred to on today's call are new installers unless otherwise noted. Now I'd like to turn the call over to Randy Smallwood, our President and Chief Executive Officer.

Thank you, Patrick, and good morning, everyone. Thank you for joining us today to discuss Wheaton's first quarter results of 2023. I am pleased to announce that our high-quality portfolio of long-life, low-cost assets delivered a solid performance to start the year. First quarter production came in ahead of company expectations, positioning us very well to achieve our previously announced annual guidance of 600,000 to 660,000 gold equivalent ounces. And as we continue to see positive developments at a number of our key assets, including Salobo and Constantia, we expect to see significant production growth through 2023, culminating in a strong second half of the year. Notably, implicit in our five-year annual average production guidance is an impressive organic growth profile of over 40%, with two-thirds of that growth coming from assets that are already in operation. While inflationary pressures are still impacting all sectors of the economy, Wheaton has maintained a cash operating margin per ounce of over 75%. highlighting the resiliency of the streaming model in an inflationary world. And we achieved a key milestone in this first quarter, as Wheaton's total stream cash flow to date has now exceeded 100% of its total upfront investments deployed since inception. This achievement highlights our disciplined and accretive approach to capital deployment, In particular, given that our portfolio still has over 30 years of mine life remaining based on reserves in addition to a healthy resource base. In this environment of high interest rates and increasing demand for metals, our corporate development team remains very busy as we continue to see a healthy appetite for streaming as a source of capital for the mining industry, and we are actively pursuing several new accretive opportunities. And lastly, Wheaton continues to maintain our leadership and sustainability with sector-leading scores, including a AA rating from MSCI and a genuine number one rating in precious metals by Sustainalytics. I would now like to turn the call over to Wes Carson, our Vice President of Operations, who will provide more details on our results.