18 ROYAL GOLD 2023 Asset Handbook Brief History of Portfolio Additions – Last 10 Years 2013 2014 Chile NUEVAUNIÓN OPER ATOR Teck Resources Ltd. AQUISITION COST $35 million TERM Life of mine 1.4% NSR royalty United States MANH CHOH OPER ATOR Kinross Gold Corporation ACQUISITION COST $10 million TERM Life of mine 3.0% NSR royalty and an incremental 28% NSR on silver 1 North Macedonia ILOVICA OPER ATOR Euromax Resources Ltd. ACQUISITION COST Up to $175 million 2 TERM Life of mine Potentially 25% of gold produced 2 Chile ANDACOLLO OPER ATOR Teck Resources Ltd. ACQUISITION COST $525 million TERM Life of mine 100% of payable gold 6 Canada RAINY RIVER OPER ATOR New Gold Inc. ACQUISITION COST $175 million TERM Life of mine 6.5% of gold produced and 60% of silver produced 5 United States CORTEZ OPER ATOR Nevada Gold Mines LLC ACQUISITION COST $12 million TERM Life of mine Increased interest in limited partnership that owns 1.25% NVR covering certain portions of the Legacy Zone NEW NEW ADDITIONAL NEW 1 Royal Gold acquired a 2% NSR royalty and a 3% NSR royalty on Manh Choh for $6 million on September 30, 2014. On January 8, 2015, Royal Gold entered a joint venture (“JV”), for exploration and advancement of the Manh Choh Project, and Royal Gold eventually acquired a 40% interest in the JV by contributing a total of $30 million. Royal Gold sold its 40% interest in the JV to Kinross, receiving $61.3 million and an incremental 28% NSR royalty on silver on September 30, 2020. The JV retains the right to acquire 50% of the incremental 28% NSR royalty on silver for $4 million. In a separate transaction, with Contango, Royal Gold received an incremental 1% NSR royalty, increasing Royal Gold’s royalty on certain State of Alaska mining claims to 3%. 2 Royal Gold paid advance deposit payments totaling $11.25 million. A further payment of $163.75 million remains subject to certain conditions. 3 Wassa and Bogoso and Prestea projects were originally owned and operated by Golden Star Resources Ltd. (“Golden Star”), which was acquired by Chifeng Jilong Gold Mining Co., Ltd. on January 28, 2022. Bogoso and Prestea was sold to Future Global Resources Limited on October 1, 2020. NEW NEW