Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to UDIN Precious Metals 2023 Second 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, please press star, too. I would like to remind everyone that this conference call is being recorded on Friday, August 11, 2023, at 11 a.m. Eastern Time. I will now turn the conference over to Mr. Patrick Drillen, Senior Vice President of Investor Relations and Sustainability. Please go ahead, sir.

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, Hatham Hodelay, 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 presentation page of Wheaton Precious Metals website. I'd like to bring to your attention that some of the commentary on 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 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, everyone. Thank you for joining us today to discuss Wheaton's second quarter results of 2023. I am pleased to announce that our portfolio of long life, low cost assets delivered another solid quarter, generating over $200 million of operating cash flow and over $140 million in net earnings. Our strong performance was underscored by significant progress at the recently commissioned expansion at our largest asset, Salobo, the ramp-up of which we expect to continue throughout 2023. And despite operations at Peñasquito being suspended in early June due to a labor dispute, we achieved quarter-over-quarter gold-equivalent production growth, highlighting the resilience of our high-quality, diversified portfolio. Our growth pipeline of development projects was further de-risked in the quarter when Eris Mining received approval of their environmental management plan, which now permits the development of the Murmato Lower Mine. In addition, the acquisition of Sabina was completed by B2Gold, an experienced senior gold producer with a proven track record of successful mine development, who will now be managing and building the Goose project. These projects are among the assets that are forecast to contribute to our impressive organic growth profile of over 40% production growth in the next five years. Looking into the remainder of 2023 and assuming the labor dispute at Penasquito is resolved by the end of the third quarter, we maintain our previously stated production guidance of 600 to 660,000 gold equivalent ounces, albeit with a slightly higher weighting towards gold. On the corporate development front, we continued to see good momentum with the addition of a new gold stream on Lumina Gold's Congrejos project and the expansion of our existing gold stream on Artemis Gold's Blackwater project, both of which are strong development projects that complement our portfolio of high-quality assets. In this environment of high interest rates and increasing demand for metals, our team remains exceptionally 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. During the quarter, we released our annual sustainability report, as well as our inaugural climate change report, demonstrating our continued focus on transparency and delivering value to all of our stakeholders. I encourage you to take a look at these reports to learn more about Wheaton's approach to sustainability and the programs that we support globally. At our annual general meeting held this past May, we welcome Jean Hall to our board of directors, bringing her strong skill set to the board and increasing female board representation to over 40%. I would like to thank departing board member Eduardo Luna for his contributions during his tenure. And I would also like to pay homage to John Brough, who, after resigning as a director in May, sadly passed away just recently. He is and will be dearly missed by all of us at Wheaton. I had the privilege to work with both Eduardo and John since the inception of Wheaton, and I'm immensely grateful for their invaluable guidance and leadership. 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. Wes?