66 ROYAL GOLD 2023 Asset Handbook Royal Gold’s Royalty Interest Royal Gold holds a 2.5% net smelter return (NSR) royalty on all metals produced from Johnson Camp. Royal Gold acquired the Johnson Camp 2.5% NSR royalty on February 22, 2010, with the acquisition of International Royalty Corporation. Johnson Camp The Johnson Camp Mine (“JCM”) is owned by Excelsior Mining Corporation (“Excelsior”) and is located in a sparsely populated ranching and mining area about 105 kilometers by road east of Tucson, Arizona. Operational Overview The JCM is a past producing open-pit, heap leach operation. The operation includes two open-pits, a two-stage crushing-agglomerating circuit, a solvent extraction and electrowinning (SX-EW) plant capable of producing 25 million pounds of copper cathode per year, a set of pregnant leach solution and raffinate ponds, and support infrastructure (ancillary facilities, access, power, water and communications). 1 Source: Excelsior, 2024 Corporate Presentation: 21 years from startup OPER ATOR Excelsior Mining Corp. MINER ALIZATION ST YLE Porphyry Cu-Au MINE T YPE Open-pit METAL(S) C u PRODUCT Cathode ROYALT Y 2.5% NSR Royalty (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALT Y Life of Mine MINE LIFE See footnote 1 UNITED STATES 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. Idaho Oregon California Utah Arizona JOHNSON CAMP Nevada Colorado New Mexico ROYALT Y