Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2024 Fourth Quarter and Full Year 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, then the number two. Thank you. I would like to remind everyone that this conference call is being recorded on Friday, March 14, 2025 at 11 o'clock a.m. Eastern Time. I will now turn the conference over to Ms. Emma Muray, Vice President of Investor Relations. Thank you. 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 Haitham Hodale, Senior Vice President, Corporate Development, and Wes Carson, Vice President, Mining Operations. Please note, for those not currently on the webcast, a slide presentation accompanying this conference call is available in PDF format on the presentations page of our website. 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 for more details. It should be noted that all figures referred to on today's call are in U.S. dollars, unless otherwise noted. With that, I'd like to turn the call over to Randy Smallwood, our President and Chief Executive Officer.

Thank you, Emma, and good morning, everyone. Thank you for joining us today as we review Wheaton's fourth quarter and full year results for 2024. Driven by our diversified portfolio of high quality and long life assets, I am very pleased to report that Wheaton achieved record revenue adjusted net earnings, and operating cash flows in 2024. We realized annual production of 635 gold equivalent ounces, exceeding the top end of our production guidance for the year. The strength of our fourth quarter results was underscored by record quarterly production from Solobo, resulting in record overall gold production for the year. In 2024, Wheaton remained focused on reinforcing our industry-leading growth profile by acquiring four new investments. Hatham will provide further details on these recent acquisitions, which include a gold stream on Montage Gold's KONE project, the largest streaming transaction completed by a single streamer in the past decade. Each of these investments further enhances and diversifies our portfolio by expanding our geographic presence and strengthening our strategic partnerships. And we are excited to welcome our new mining partners and we look forward to supporting them in advancing these projects. Wheaton's estimated growth profile is unmatched in our sector. This impressive growth is readily apparent in our five-year production forecast where we estimate annual production increasing by 40% to 870,000 gold equivalent ounces by 2029. Along with organic growth from our existing operations, we expect to see inaugural production from nine different assets in the next five years, all of which have received their key permits and are either nearing or already well into construction. In 2025 alone, several development projects are currently expected to begin production, including Artemis Gold's Blackwater project, which has already made its first gold pour in late January, B2 Gold's Goose project in Nunavut, Waterton's Mineral Park project in Arizona, and Ivanhoe's Platte Reef project in South Africa. To further demonstrate our confidence in Wheaton's growth profile, we are pleased to announce a 6.5% increase to our quarterly dividend and are proud that Wheaton's payout ratio continues to be a leader in the precious metals sector. We are also proud to be one of only two resource-focused companies to be recognized by Corporate Knights as one of the 2025 Global 100 Most Sustainable Corporations and to be the only streaming company upgraded to AAA ESG rating by MSCI. These accolades reflect our commitment to support responsible operations across all areas of our business and underscore the quality of the mining partners that we collaborate with. I would also like to mention that last week we announced the winner of our inaugural Future of Mining Challenge. Wheaton, with the assistance of Foresight, launched this challenge in September of 2024 to support the mining industry's important goal of delivering essential commodities and materials in a more efficient, sustainable manner. The 2025 winner is Rethink Milling. whose innovative grinding technology demonstrates immense potential to significantly lower energy consumption, leading to reduced emissions and operating costs, and ultimately improve operational efficiencies. Stay tuned for our 2026 Future of Mining Challenge. And with that, I will now hand the call over to Wes Carson, our Vice President of Operations, who will provide a more in-depth look at our operating results. Wes?