Wheaton Precious Metals Corp. (NYSE:WPM) Q2 2023 Earnings Conference Call August 11, 2023 10:00 AM ET

Company Participants

Patrick Drouin - Senior Vice President-Investor Relations and Sustainability

Randy Smallwood - President and Chief Executive Officer

Gary Brown - Senior Vice President and Chief Financial Officer

Wes Carson - Vice President-Mining Operations

Haytham Hodaly - Senior Vice President, Corporate Development

Conference Call Participants

Brian MacArthur - Raymond James

Ralph Profiti - Eight Capital

Martin Pradier - Veritas Investment Research

John Tumazos - Very Independent Research

Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2023 Second Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would like to remind everyone that this conference call is being recorded on Friday, August 11, 2023 at 11:00 AM Eastern Time.

I will now turn the conference over to Mr. Patrick Drouin, Senior Vice President of Investor Relations and Sustainability. Please go ahead, Sir.

Patrick Drouin

Thank you, operator. Good morning, ladies and gentlemen, and thank you for participating in today's call. I'm joined today by Randy Smallwood, Wheaton Precious Metals' President and Chief Executive Officer; Gary Brown, Senior Vice President and Chief Financial Officer; Haytham Hodaly, Senior Vice President, Corporate Development; and Wes Carson, Vice President, Mining Operations.

Please note that, for those not currently on the webcast, the slide presentation accompanying this conference call is available in PDF format on the Presentations page of the Wheaton Precious Metals website.

I'd like to bring to your attention that some of the commentary on today's call may contain forward-looking statements and I would direct everyone to review Slide 2 of the presentation, which contains important cautionary notes regarding forward-looking statements. It should be noted that, all figures referred to on today's call are in U.S. dollars unless otherwise noted. In addition, reference to Wheaton or Wheaton Precious Metals on this call include Wheaton Precious Metals Corp. and/or its wholly owned subsidiaries as applicable.

Now, I'd like to turn the call over to Randy Smallwood, our President and Chief Executive Officer.

Randy Smallwood

Thank you, Patrick, and good morning, everyone. Thank you for joining us today to discuss Wheaton's second quarter results of 2023. I am pleased to announce that our portfolio of long-life, low-cost assets delivered another solid quarter, generating over $200 million of operating cash flow and over $140 million in net earnings.