Royal Gold, Inc. (RGLD) Q2 2025 Earnings Call

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WEBVTT 00:00:00.503 -- 00:00:05.693 Hello all and thank you for joining us on today's Royal Gold 2025 second quarter 00:00:05.693 -- 00:00:08.960 conference call. My name is Drew and I'll be the operator today. 00:00:08.960 -- 00:00:14.431 During today's call, after the prepared remarks, there will be a Q&A session. 00:00:14.431 -- 00:00:18.399 If you would like to ask a question on today's call, please press star followed by one 00:00:18.399 -- 00:00:23.622 on your telephone keypad and to withdraw your question, it's star followed by two. 00:00:23.622 -- 00:00:28.247 With that, it's my pleasure to hand over to Alistair Baker, Senior Vice President, Investor 00:00:28.247 -- 00:00:31.650 Relations and Business Development. To begin, please go ahead when you're ready. 00:00:31.650 -- 00:00:33.171 Thank 00:00:33.171 -- 00:00:36.635 you, operator. Good morning and welcome to our discussion of Royal Gold's second quarter 00:00:36.635 -- 00:00:41.760 2025 results. This event is being webcast live and a replay of this call will be available 00:00:41.760 -- 00:00:46.825 on our website. Speaking on the call today are Bill Heisenbuttel, President and CEO, 00:00:46.825 -- 00:00:51.409 Paul Libner, Senior Vice President and CFO, and Martin Raffield, Senior Vice President 00:00:51.409 -- 00:00:56.927 of Operations. Other members of the management team are also available for questions. 00:00:56.927 -- 00:00:59.991 During today's call, we will make forward with these statements, including statements 00:00:59.991 -- 00:01:02.895 about our projections and expectations for the future. 00:01:02.895 -- 00:01:06.781 These statements are subject to risks and uncertainties that could cause actual results 00:01:06.781 -- 00:01:09.044 to differ materially from these statements. 00:01:09.044 ...