27 Overview Principal Producing Development  Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves Organic Growth Pipeline As indicated by the operators, many of the assets in Royal Gold’s portfolio have the potential for production expansions and/or mine life extensions, and several assets are expected to contribute new revenue. 1 1 See individual asset page for source New Production Expected Mine Life Potential/Expected Growth Extensions/Expansions 2024 2025 2026 2030+ .... .... .... .... PUEBLO VIEJO Plant and tailings expansion to maintain production and extend life to mid-2040s CORTEZ Planned conversion of existing resources to reserves could extend open-pit and underground operations to at least 2038 and 2052, respectively WASSA Southern Extension is expected to add 11 years to reserve life LARONDE ZONE 5 Targeting LZ5 extension at depth on the Ellison property towards the west VOISEY ’S BAY Voisey’s Bay underground mine extension project expected to extend mine life EL LIMÓN Objective to extend mineral resources at the Tigra and Panteon Main deposits and develop new targets along known vein trends ROBINSON Mine life extended to 14 years (from seven years) MOUNT MILLIGAN Potential resource expansion within the open- pit and to the west and southwest of the ultimate pit margins PEÑASQUITO Large resource base and prospective land package with potential to extend mine life to 2040 RAINY RIVER Opportunities for open-pit extensions, conversion of underground mineral resources and extension of the resource envelopes at depth and along strike