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

Investor webinar replay

Replay transcript excerpt

Hello all and thank you for joining us on today's Royal Gold 2025 second quarter conference call. My name is Drew and I'll be the operator today. During today's call, after the prepared remarks, there will be a Q&A session. If you would like to ask a question on today's call, please press star followed by one on your telephone keypad and to withdraw your question, it's star followed by two. With that, it's my pleasure to hand over to Alistair Baker, Senior Vice President, Investor Relations and Business Development. To begin, please go ahead when you're ready. Thank you, operator. Good morning and welcome to our discussion of Royal Gold's second 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 Raffield, Senior Vice President of Operations. Other members of the management team are also available for questions. During today's call, we will make forward with these 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 are filing for 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 and recent events. Mark will give some commentary on t...