17 Overview Principal  Producing  Development    Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves Our Counterparties Royal Gold’s operating counterparties include some of the largest and most well-known mining companies in the world. 2023 Revenue Distribution Across Top Counterparties 10% $60 million Others 2% $9 million 5% $33 million 6% $39 million 2023 REVENUE BY OPER ATOR 6% $35 million 4% $25 million Our stren g th comes from within. 26% $158 million 8% $49 million 10% $60 million 1 23% $138 million 1 1 Revenue generated from Cortez, Goldstrike, Leeville and Twin Creeks has been allocated to Barrick and Newmont based on their respective interests in Nevada Gold Mines.