Royal Gold, Inc. (RGLD) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.036 Royal Gold 2025 third quarter conference call. 00:00:04.036 -- 00:00:06.158 My name is Drew and I'll be the operator on the call today. 00:00:06.158 -- 00:00:10.003 After the prepared remarks, we will have a Q&A session. 00:00:10.003 -- 00:00:14.148 If you would like to ask a question, please press star followed by one on your telephone 00:00:14.148 -- 00:00:18.152 keypad. And so with your question, it's star followed by two. 00:00:18.152 -- 00:00:21.216 With that, it's my pleasure to hand over to Alistair Baker to begin. 00:00:21.216 -- 00:00:23.458 Please go ahead when you're ready. 00:00:23.458 -- 00:00:27.123 Thank you, operator. Good morning and welcome to our discussion of Royal Gold's third 00:00:27.123 -- 00:00:32.122 quarter 2025 results. This event is being webcast live and a replay of this call will 00:00:32.122 -- 00:00:36.769 be available on our website. Speaking on the call today are Bill Heisenbuttel, President 00:00:36.769 -- 00:00:41.918 and CEO, Paul Libner, Senior Vice President and CFO, and Martin Raffield, Senior 00:00:41.918 -- 00:00:46.084 Vice President of Operations. Other members of the management team are also available 00:00:46.084 -- 00:00:50.572 for questions. During today's call, we will make forward-looking statements, including 00:00:50.572 -- 00:00:53.845 statements about our projections and expectations for the future. 00:00:53.845 -- 00:00:57.991 These statements are subject to risks and uncertainties that could cause actual results 00:00:57.991 -- 00:01:00.255 to differ materially from these statements. 00:01:00.255 -- 00:01:04.041 These risks and uncertainties are discussed in yesterday's press release and our filings 00:01:04.041 -- 00:01:09.049 with the SEC. We will also refer to certain non-...