103 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves MINER AL RESOURCES AND RESERVES As of July 24, 2016 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable 1,008 15 Measured and Indicated 2,320 35 Inferred 1,481 22 * 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. FINANCIAL AND OPER ATING RESULTS As of December 31, 2023 Revenue to Royal Gold Since Inception US$M $21.0 Historic Revenue to Royal Gold US$M 2022: $1.4 2023: $1.6 Acquisition Cost US$M $10.5 Investment Recovered % 199% Net Book Value US$M $0.9