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August 09, 2012 11:00 a.m. E.T
Tony Jensen – President, CEO
Stefan Wenger – CFO
Bill Heissenbuttel - Vice President, Corporate Development
Bill Zisch – VicePresident Operations
Tom Murray – Advent Capital
Shane Nagle – National Bank Finance
Good morning. My name is Stephanie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Royal Gold Fiscal 2012 Fourth Quarter and Year End 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. Karen Gross, Vice President and Corporate Secretary you may begin your conference.
Thank you, operator and hello everyone. Welcome to our fiscal fourth quarter and yearend conference call. This event is being webcast live. You will be able to access a replay of this call on our website, where you will also find our release detailing our financing results.
Participating on the call today are Tony Jensen, President and CEO; Stefan Wenger, CFO and Treasurer; Bill Heissenbuttel, Vice President, Corporate Development; Bill Zisch, Vice President Operations; Bruce Kirchhoff, Vice President and General Counsel; and Stanley Dempsey, Chairman.
Tony will open with an overview of the quarter followed by Stefan who will give the financial highlights and then Bill Zisch will give an operations review. After management completes their remarks, we’ll open the line for a Q&A session. We will also be discussing the company’s adjusted EBITDA, which is a non-GAAP financial measure and there is a reconciliation in today’s press release.