14 ROYAL GOLD 2023 Asset Handbook As the largest mining province in Canada, British Columbia (“BC”) registered $18 billion in revenue from the industry in 2022 and is home to a long list of mining companies . At the heart of BC’s mining industry lies the Golden Triangle, one the most significant mineral exploration districts in the world. 1 Source: Mineral Development Office – Province of British Columbia 2 Source: Ministry of Energy, Mines and Low Carbon Innovation – Province of British Columbia 3 Includes KSM option BC BY THE NUMBERS: • Home to more than 1,100 global exploration and mining companies, headquartered in Vancouver. 1 • Consistently ranked in the top quartile of the Fraser Institute’s Investment Attractiveness Index (top five from 2018 to 2022). • More than 150 mines have operated in the Golden Triangle area since prospectors first arrived at the end of the 19th century. 2 ROYAL GOLD IN BC BY THE NUMBERS: • Royal Gold has stream or royalty interests on two producing, one development, nine evaluation 3 and two exploration properties in BC. Note, some properties are located outside the viewable area of the above map. • Mount Milligan, Royal Gold’s largest revenue contributor, is located in BC and accounted for approximately 26% of revenue in 2023. • BC is home to Royal Gold’s producing stage Red Chris royalty, where there is potential to transition from an open-pit to a large-scale, long-life underground operation. Red Chris Mount Milligan British Columbia 1 2 3 4 5 6 7 8 9 British Columbia (Canada): 27% of Total 2023 Revenue Evaluation* Exploration** Development Producing 1 Red Chris 2 Mount Milligan 3 Kutcho Creek 4 Schaft Creek 5 Lawyers 6 Shasta 7 Bronson Slope 8 KSM 9 Berg * Belcourt, Horizon Coal and North Island are not shown on map ** Golden Bear and Kizmet are not shown on map