20 ROYAL GOLD 2023 Asset Handbook 2020 2022 2018 2016 2021 United States CORTEZ OPER ATOR Nevada Gold Mines LLC ACQUISITION COST $70 million TERM Life of mine 3.75% NVR covering a significant area of the Cortez mine, including the Crossroads deposit Chile ALTURAS OPER ATOR Barrick Gold Corp. ACQUISITION COST Up to $41 million 2 TERM Life of mine Up to a 1.06% NSR royalty (gold) and up to a 1.59% NSR royalty (copper) 2 Canada CÔTÉ GOLD OPER ATOR IAMGOLD Corporation ACQUISITION COST $75 million TERM Life of mine 1.0% NSR royalty United States CORTEZ OPER ATOR Nevada Gold Mines LLC ACQUISITION COST $525 million TERM Life of mine 0% to 3% sliding-scale GVR royalty payable on 40% of all production from the Cortez Complex Canada LAWYERS OPER ATOR Thesis Gold Inc. ACQUISITION COST $8 million TERM Life of mine 0.5% NSR royalty and right of first offer (ROFO) on 2.0% NSR royalty on adjacent Ranch Project Brazil MARA ROSA OPER ATOR Hochschild Mining plc ACQUISITION COST $11 million TERM Life of mine 1.75% NSR royalty (note, separately, Royal Gold owns an additional 1.0% NSR royalty on Mara Rosa) Brief History of Portfolio Additions – Last 10 Years (Cont’d) NEW ADDITIONAL NEW NEW ADDITIONAL ADDITIONAL 1 The Khoemac a u transaction was announced in 2019. Royal Gold completed the advance payments (totaling $212 million) required to earn the full base (80% payable) silver stream in January 2021. Subsequent to this, Khoemac a u Copper Mining (Pty.) Ltd. drew additional payments, at its option, totaling $53 million, with the last draw made in March 2022. This increased Royal Gold’s silver stream interest to 100% payable silver until 40 million ounces have been produced, 50% thereafter. 2 Total consideration for the Alturas royalty is up to $41 million, of which $11 million was paid on January 29, 2020. A future payment of up to $20 million is conditioned based on a project construction decision by Barrick and the size of the minable mineralized material on the date of the construction decision. A further future payment of up to $10 million will be made upon first production from the mining concessions. 3 The stream rate for Xavantina is 25% gold produced until 93,000 ounces have been delivered, 10% thereafter.