Royal Gold, Inc. (RGLD) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us, and welcome to Royal Gold Inc.' 's 2026 First Quarter Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Alistair Baker, Senior Vice President, Investor Relations and Business Development. Alistair, go ahead. Thank you, operator. Good morning and welcome to our discussion of Royal Gold's first quarter 2026 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 Heisenbuddle, President and CEO, Paul Libner, Senior Vice President and CFO, and Martin Rothfield, Senior Vice President of Operations. Other members of the management team 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 gap 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 provide portfolio commentary, and Paul will give a financial update. After the formal remarks, we'll open the lines for a Q&A session. I'll now turn the...