About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 75 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Operator production performance The following table presents production performance data for a majority of our revenue-generating mineral properties, as available from Skarn Associates, an independent ESG data analytics firm, for calendar years 2018 through 2022. Net GEOs are from Royal Gold’s production records and are determined in accordance with the methodology on page 4 . Entries labelled “NR” means the data were not reported in the Skarn Associates database and those labelled “–” are for periods when Royal Gold did not have royalty or stream revenue from the mineral property. Skarn Associates may update prior year information, which we may have presented in prior reports. We use the most current data available from Skarn Associates and adjust our presentation of data and calculations accordingly. Mineral property/operator Year 1 Royal Gold net GEOs 2 (%) Royal Gold attributable 2,5 (GEO) Ore processed 4 (kt) Reported production 4,5 (kGEO) RGLD % of site reported GEO production 6 Principal Properties Andacollo 2018 15.3% 39,594 21,549 291 13.6% Teck Resources Limited 2019 17.2% 46,041 16,987 233 19.8% 2020 13.4% 35,785 19,811 247 14.5% 2021 11.4% 32,453 18,621 190 17.1% 2022 8.4% 22,194 17,199 162 13.7% Cortez 2018 1.5% 3,876 17,002 1,201 0.3% Nevada Gold Mines LLC 2019 4.3% 11,551 22,025 963 1.2% 2020 6.1% 16,353 21,169 798 2.0% 2021 11.0% 31,165 29,208 731 4.3% 2022 10.6% 28,085 14,783 869 3.2% Khoemac a u 9 2018 – – – – – Khoemac a u Copper 2019 – – – – – 2020 – – – – – 2021 0.7% 2,042 1,800 121 1.7% 2022 3.1% 8,290 3,600 228 3.6% Mount Milligan 2018 22.6% 58,573 13,556 280 20.9% Centerra Gold Inc. 2019 23.3% 62,325 16,350 312 20.0% 2020 24.8% 66,521 20,067 310 21.4% 2021 23.5% 66,779 20,900 327 20.4% 2022 27.0% 71,347 21,348 317 22.5% Peñasquito 2018 5.1% 13,119 35,248 731 1.8% Newmont Corporation 2019 4.1% 10,874 19,964 660 1.6% 2020 7.1% 19,102 30,590 1,317 1.5% 2021 8.2% 23,305 35,720 1,509 1.5% 2022 7.6% 20,060 35,928 1,354 1.5%
2023 Investment Stewardship Report Page 74 Page 76