Wheaton Precious Metals Corp

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2025 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, or you can type your question in the Q&A box of the webinar. If you would like to withdraw your question, please press star then the number two. Thank you. I would now like to remind everyone that this conference call is being recorded on Friday, August 8th, 2025 at 11 a.m. Eastern Time. I will now turn the conference over to Emma Murray, 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, Wien's Chief Executive Officer, Haytham Hodelay, President, Kurt Bernardi, EVP, Strategy and General Counsel, Vincent Lau, SVP and Chief Financial Officer, and Wes Carson, VP Mining Operations. For those not currently viewing the webcast, please note that a PDF version of the slide presentation is available on the presentations page of our website. Some of the comments on today's call may include forward-looking statements. Please refer to slide two for important cautionary information and disclosures. It should be noted that all figures referred to on today's call are in U.S. dollars and less otherwise noted. With that, I'll turn the call over to Randy Smallwood.

Thank you, Emma, and good morning, everyone. Thank you for joining us today to discuss Wheaton's second quarter results of 2025. Before we begin, I'd like to congratulate both Haytham Haudelay and Kurt Bernardi for their well-deserved promotions. In June, the company announced the appointment of Haytham Haudelay, former SVP of Corporate Development, to president of the company. and Kurt Bernardi, formerly SVP Legal and Strategic Development, to Executive Vice President, Strategy, and General Counsel. As we enter a new phase of transformative growth, the leadership of Hatham and Kurt will be pivotal in driving our strategy forward. I look forward to working closely with them and the broader team to continue delivering long-term value to our stakeholders. Turning back to our results, Wheaton delivered another outstanding quarter, achieving record revenue, adjusted net earnings, and operating cash flow for both the second quarter and the first half of 2025. This performance underscores the effectiveness of our streaming business model in leveraging rising commodity prices while maintaining strong margins. As a result of strong performances by key assets, including Salobo and Penasquito, the company recorded production of 159,000 gold equivalent ounces this quarter, and remains well positioned to achieve our 2025 production guidance of 600,000 to 670,000 gold equivalent ounces. We also made significant progress on our near-term growth strategy as Blackwater announced commercial production and Goose successfully delivered its first gold pour during the quarter, a strong indicator that our catalyst-rich year is progressing as planned. The company remains well capitalized, with over $1 billion in cash on hand at quarter end and a $2 billion undrawn revolving credit facility, which, when coupled with the strength of our forecasted operating cash flows, provides strong flexibility to fund all outstanding commitments, as well as the capacity to acquire additional accretive mineral stream interests. We remain committed to disciplined capital deployment, focusing only on the most accretive opportunities that are structured to generate meaningful long-term value for all stakeholders. It's worth highlighting that our forecasted organic growth profile of 40% production growth by 2029 enables us to pursue opportunities that best complement our growth trajectory without compromising on quality or strategic fit. On the topic of sustainability, Wheaton was once again recognized among the top 10 companies on Corporate Night's annual 50 Best Corporate Citizens in Canada, a multi-sector accolade that we are proud to receive. Following the quarter, Wheaton launched its second annual Future of Mining Challenge, with this year's exciting initiative focused on advancing sustainable water management technologies across the mining sector. The expression of interest phase is now open until August 29th and we are excited to engage with innovators for helping shape the future of responsible mining. And if you haven't had the opportunity yet, I highly recommend exploring our recently published sustainability and climate change reports to learn more about our commitment to responsible business practices and ESG performance across all areas of our business. With that, I'd like to turn the call over to Wes Carson, our Vice President of Operations, who will provide more detail on our operating results.