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

Investor webinar replay

Replay transcript excerpt

Welcome everyone to the Royal Gold 2025 first quarter conference call. My name is Lauren and I'll be moderating your call today. There will be an opportunity for questions at the end of the presentation. If you would like to ask a question, then please press start loaded by one on your telephone keypad. I would now like to pass the conference call over to Alistair Baker to begin. Please go ahead. Thank you, operator. Good morning and welcome to our discussion of Royal Gold's first quarter 2025 results. This event is being webcast live and a replay of this call will be available on our website. Speaking on the call today are Bill Heisenbuttel, President and CEO, Paul Libner, Senior Vice President and CFO, and Martin Raphael, Senior Vice President of Operations. Dan Brees, Senior Vice President, Corporate Development of RGAG, and Randy Shepman, Senior Vice President and General Counsel, are also available for questions. During today's call, we will make forward looking statements, including statements about our projections and expectations for the future. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties are discussed in yesterday's press release and our filings with the SEC. We will also refer to certain non-GAAP financial measures, including adjusted net income, adjusted net income per share, adjusted EBITDA, and cash G&A. Reconciliations of these measures to the most directly comparable GAAP measures are available in yesterday's press release, which can be found on our website. Bill will start with an overview of the quarter, Martin will give some commentary on the portfolio, and Paul will provide a financial update. After the formal remarks, we'll open th...