Royal Gold, Inc. (RGLD) Q1 2025 Earnings Call

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WEBVTT 00:00:01.499 -- 00:00:07.329 Welcome everyone to the Royal Gold 2025 first quarter conference call. 00:00:07.329 -- 00:00:10.214 My name is Lauren and I'll be moderating your call today. 00:00:10.214 -- 00:00:11.616 There 00:00:11.616 -- 00:00:15.623 will be an opportunity for questions at the end of the presentation. 00:00:15.623 -- 00:00:19.609 If you would like to ask a question, then please press start loaded by one on your telephone 00:00:19.609 -- 00:00:21.473 keypad. 00:00:21.473 -- 00:00:25.259 I would now like to pass the conference call over to Alistair Baker to begin. 00:00:25.259 -- 00:00:27.640 Please go ahead. 00:00:28.651 -- 00:00:32.536 Thank you, operator. Good morning and welcome to our discussion of Royal Gold's first 00:00:32.536 -- 00:00:37.583 quarter 2025 results. This event is being webcast live and a replay of this call will 00:00:37.583 -- 00:00:41.989 be available on our website. Speaking on the call today are Bill Heisenbuttel, President 00:00:41.989 -- 00:00:47.036 and CEO, Paul Libner, Senior Vice President and CFO, and Martin Raphael, 00:00:47.036 -- 00:00:49.930 Senior Vice President of Operations. 00:00:49.930 -- 00:00:55.495 Dan Brees, Senior Vice President, Corporate Development of RGAG, and Randy Shepman, 00:00:55.495 -- 00:01:00.798 Senior Vice President and General Counsel, are also available for questions. 00:01:00.980 -- 00:01:04.323 During today's call, we will make forward looking statements, including statements about 00:01:04.323 -- 00:01:06.605 our projections and expectations for the future. 00:01:06.605 -- 00:01:11.189 These statements are subject to risks and uncertainties that could cause actual results 00:01:11.189 -- 00:01:13.471 to differ materially from these statements. 00:01:13.471 -- 00:01:17.334 These ri...