ROYAL GOLD 2023 Asset Handbook Table of Contents Introduction 1 Attributes of Our Business 2 Our Business 2 Where Streams and Royalties Fit 2 Streams Versus Royalties – Details 3 Accounting Treatment 4 Timing Differences Related to the Production, Delivery and Sale of Metal 6 Produced Versus Payable Metal 8 Attributable Gold Equivalent Ounces 9 Portfolio Overview 10 Global Portfolio Map 10 Exposure to Important Mining Regions 12 Our Counterparties 17 Brief History of Portfolio Additions – Last 10 Years 18 Five-Year Revenue History 22 2023 Revenue Breakdown 24 Expected Performance and Growth 25 Portfolio Asset Mine Life 25 Organic Growth Pipeline 27 Portfolio Details 29 Principal Properties 29 Producing Properties (Excluding Principal Properties) 45 Development Properties 107 Highlighted Evaluation Properties 131 Evaluation/Exploration Properties 144 Mineral Resources and Reserves 148 Footnotes for Mineral Resources and Reserves 155 Footnotes for Area of Interest Maps 159 Reference Materials 161 Definitions/Glossary 161 Cautionary Statements 165 Corporate Information 166 Andacollo , Region IV, Chile