115 Overview Principal Producing Development  Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves 1 Source: Maritime Resources Corp., Q2 2023 MD&A 2 Acquired as part of a portfolio of royalties. An acquisition cost of nil was assigned to the Pine Cove royalty. Saskatchewan Alberta Manitoba Ontario Quebec British Columbia Newfoundland and Labrador PINE COVE ROYALT Y Pine Cove Pine Cove is an open-pit gold mine, part of the larger Point Rousse Project, owned and operated by Maritime Resources Corp. Pine Cove is located within the Baie Verte Mining District, in north central Newfoundland, in the Province of Newfoundland and Labrador, Canada. The Pine Cove deposit was discovered in June 1987. Development Update The Pine Cove mine is currently on care and maintenance. 1 Royal Gold’s Royalty Interest Royal Gold holds a 7.5% net profits interest (NPI) royalty on all metals produced from the Pine Cove mine, calculated as the gross receipts generated from the claims less all cumulative development and operating expenses. The operation is currently in production; however, the payback of capital, a requisite to royalty payments, has not occurred to date. Royal Gold acquired this royalty interest effective October 1, 2008, as part of the acquisition of a royalty portfolio from Barrick Gold Corporation. MINER AL RESOURCES AND RESERVES As of September 1, 2021 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable 11 – Measured and Indicated – – Inferred – – * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 9 for a description of AGEO calculation methodology. OPER ATOR Maritime Resources Corp. MINER ALIZATION ST YLE VMS ROYALT Y 7.5% NPI Royalty (all metals) YEAR OF ACQUISITION 2008 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE Detail not publicly disclosed by operator. CANADA PROJECT OUTLOOK Detail not publicly disclosed by operator. For more information, please visit: www.maritimeresourcescorp.com . Acquisition Cost US$M $0.0 2 Net Book Value US$M $0.0