93 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.cerradogold.com . DEVELOPMENTS AND POTENTIAL Cerrado has identified the potential for additional underground targets directly below the La Paloma pit and believes that potential resources in excess of 100,000 ounces of gold in mineralized material could act as an additional source of feed to the mill. 2 Additionally, Cerrado has identified several near-mine brownfield and greenfield exploration opportunities. MINER AL RESOURCES AND RESERVES As of August 31, 2020 CONTAINED Au (koz) Ag (koz) AGEOs* (koz) Proven and Probable – – – Measured and Indicated 199 242 4 Inferred 348 320 7 * 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 $4.5 Historic Revenue to Royal Gold US$M 2022: $1.2 2023: $0.4 Acquisition Cost US$M $0.0 Investment Recovered % N/A Net Book Value US$M $0.0