77 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves FINANCIAL AND OPER ATING RESULTS As of December 31, 2023 Revenue to Royal Gold Since Inception US$M $17.4 Historic Revenue to Royal Gold US$M 2022: $0.2 2023: $1.0 Acquisition Cost US$M $4.8 Investment Recovered % 363% Net Book Value US$M $0.0 For more information, please visit: www.wolverinefuels.com . MINER AL RESOURCES AND RESERVES As of December 31, 2012 CONTAINED COAL (kt) AGEOs* (koz) Proven and Probable 6,895 2 Measured and Indicated – – Inferred – – * 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. 1.41% GV