Q2 2021 Freehold Royalties Ltd Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the Second Quarter Results Conference Call.
I would now like to turn the meeting over to Mr. Dave Spyker. Please go ahead.
Good morning, and thank you for joining us. On the call with me today are Dave Hendry, our CFO; Rob King, our Vice President, Business Development; and Matt Donohue, our Manager of Investor Relations and Capital Markets.
The second quarter marks a period where Freehold continued to execute its strategy, growing its funds from operations, reducing its debt levels, easing its dividend and, subsequent to the quarter, completing 3 value-enhancing transactions, showcasing the North American advantage that our royalty portfolio provides investors.
To start this morning, I would like to talk about the dividend increase, and then we will focus on the excellent operational performance we have had. In conjunction, we are projecting 12% to 15% production growth over 2020. We will be increasing our
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