40 ROYAL GOLD 2023 Asset Handbook Andacollo Andacollo is an open-pit copper mine and milling operation operated by Compañía Minera Teck Carmen de Andacollo (“CMCA”), a 90% owned subsidiary of Teck Resources Ltd. (“Teck”); Empresa Nacional de Minería holds the remaining 10%. Gold is produced as a by-product of copper production. The mine is located in central Chile, Region IV, in the foothills of the Andes Mountains approximately 2 kilometers southwest of the town of Andacollo. Operational Overview The Andacollo operation consists of an open-pit mine, sulfide concentrator and copper heap leach facility. Mining of the oxide and supergene enrichment zone of the Andacollo copper deposit began in January 1996. Supergene and oxide ores were processed by heap leaching and production of copper cathode in a solvent extraction-electrowinning (SX-EW) plant. Production from the heap leach operation was halted in 2023. Beginning in 2010, the mine began processing hypogene ore (which underlies the supergene ore) through a mill and concentration plant at site producing concentrates for third-party offtake. Copper concentrate is produced by processing hypogene ore through semi-autogenous grinding and a flotation plant with the capacity to process up to 55,000 tonnes of ore per day depending on ore hardness. CHILE 1 Source: Teck, 2022 Annual Information Form: The current life of mine for Carmen de Andacollo is expected to continue until 2036, although additional permits or amendments will be required. 2 Source: Production estimate received from Teck. 3 Source: Teck: January 16, 2024, Press Release OPER ATOR Teck Resources Ltd. MINER ALIZATION ST YLE Porphyry Cu-Au MINE T YPE Open-pit METAL(S) C u A u PRODUCT Concentrate CURRENT STREA M 100% of Payable Gold CURRENT ONGOING PAYMENT 15% of monthly average gold price YEAR OF ACQUISITION 2015 TERM OF STREA M Life of Mine MINE LIFE 2036 1 2024 OPER ATOR GUIDANCE Andacollo is expected to produce 18,000 to 24,000 ounces of gold. 2 LONGER-TERM OPER ATOR OUTLOOK Teck expects the mine plan to transition to higher grade ore and production to increase between 2025 and 2027, compared to 2024. 3 ANDACOLLO Valparaíso Mendoza Region IV Atacama San Juan STRE A M