24 ROYAL GOLD 2023 Asset Handbook 2023 Revenue Breakdown BY BUSINESS SEGMENT BY METAL BY COUNTRY BY MINE 26% Mount Milligan 16% Cortez 13% Pueblo Viejo 8% Andacollo 6% Rainy River 6% Khoemacau 5% Wassa 3% Peñasquito 17% Other BY OPER ATOR BY MINE T YPE 26% Centerra 23% Barrick 10% Newmont 8% Teck 6% New Gold 6% Khoemacau Copper 5% Chifeng 16% Other 57% Gold 26% Gold/Copper 16% Copper 1% Other Stream Gold Silver Copper 3% Other Royalty 69% 12% 76% 31% 9% 0 1 2 3 4 5 6 7 8 7.7% -7.7% 1.7% -1.7% 0.7% -0.7% -8 -7 -6 -5 -4 -3 -2 -1 1.85 1 β Gold Beta versus Gold Price will provide higher leverage to gold High Beta to Gold Provides Excellent Leverage REVENUE SENSITIVIT Y TO 10% CHANGE IN METAL PRICE Twelve months ended December 31, 2023 Gold Copper Silver 1 Beta calculation for the period January 1, 2014, to December 31, 2023. Source: Bloomberg 35% Canada 20% United States 13% Dominican Republic 8% Chile 6% Ghana 6% Botswana 4% Mexico 4% Brazil 3% Australia 1% Other