Freehold Royalties Ltd. (FRU) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:02.680 This conference is being recorded. 00:00:02.680 -- 00:00:06.100 This conference is being recorded. 00:00:07.100 -- 00:00:12.340 All participants please stand by. Your meeting is now ready to begin. 00:00:12.340 -- 00:00:17.800 Good morning ladies and gentlemen and welcome to the Q2 results conference call. 00:00:17.800 -- 00:00:19.960 I would now like to turn the meeting over to Mr. 00:00:19.960 -- 00:00:23.520 David Spiker. Please go ahead. 00:00:23.740 -- 00:00:25.880 Good morning everyone and thank you for joining us today. 00:00:25.880 -- 00:00:30.960 On the call with me from Freehold are Rob King, our COO, Shana 00:00:30.960 -- 00:00:36.280 Morihara, our CFO, and Todd McBride, our manager of IR. 00:00:36.280 -- 00:00:40.760 Shana joined our team as CFO in June of this year and we look forward to working together 00:00:40.760 -- 00:00:45.040 and having the opportunity to introduce her to you, our shareholders, over the coming 00:00:45.040 -- 00:00:47.040 months. 00:00:47.040 -- 00:00:51.380 So we've delivered a strong second quarter reflecting the resiliency of our North American 00:00:51.380 -- 00:00:56.260 portfolio. Despite the uncertainty and caution associated with the constant headlines 00:00:56.260 -- 00:01:01.460 that are driving volatility in both markets and commodity prices. 00:01:01.520 -- 00:01:05.640 During the quarter we achieved production of 16,584 00:01:05.820 -- 00:01:10.280 BW a day with a liquid weighting of 67%. 00:01:10.280 -- 00:01:16.120 Both new high watermarks for Freehold as we continue to build and evolve our portfolio. 00:01:16.120 -- 00:01:21.440 This 9% production growth from the second quarter of last year reflects our strategic 00:01:21.440 -- 00:01:27.160 acquisitions over the past 12 months w...