76 ROYAL GOLD 2023 Asset Handbook Royal Gold’s Royalty Interest Royal Gold holds a 1.41% gross value (GV) royalty – which is defined as the percentage of the gross value, revenue or proceeds from a resource extraction operation without deductions of any kind – on Skyline. Royal Gold acquired its interest on February 22, 2010, with the acquisition of International Royalty Corporation, which included the Skyline royalty. Skyline Skyline is an underground coal mining operation owned and operated by Canyon Fuel Company, LLC, a subsidiary of Wolverine Fuels, LLC (“Wolverine”). Skyline is located in Carbon County, Utah, approximately 8 kilometers southwest of Scofield, and approximately 50 kilometers northwest of Price. The Skyline mine lies at a high elevation in the northern end of the Wasatch Plateau coalfield. Operational Overview Skyline has longwall and continuous mineral reserves where it produces high-BTU (British Thermal Unit), low-sulfur, compliance thermal coal. Skyline began production in 1981. OPER ATOR Wolverine Fuels, LLC MINER ALIZATION ST YLE N/A MINE T YPE Underground METAL(S) Coal PRODUCT High-BTU, Low-Sulfur, Compliance Thermal Coal ROYALT Y 1.41% GV royalty (coal) YEAR OF ACQUISITION 2010 TERM OF ROYALT Y Life of Mine MINE LIFE N/A UNITED STATES 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. Idaho Oregon California SKYLINE Arizona Nevada New Mexico Colorado Wyoming Utah ROYALT Y