DEVELOPMENTS AND POTENTIAL In 2023, KGHM disclosed an extension of the mine life to 14 years, or 2036, and investments to modernize and optimize the mine, including upgrading the haulage fleet. 1,2 In 2025, KGHM expects lower copper production mainly due to the mineralogical composition of ore scheduled for mining at Robinson (decrease in copper content). 3 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $205.2 2023: 2024: Historic Revenue to Royal Gold US$M $9.1 $16.6 Acquisition Cost US$M $17.8 Investment Recovered % 1155% Net Book Value US$M $0.2 MINERAL RESOURCES AND RESERVES As of December 31, 2022 CONTAINED Copper (Mlb) Gold (koz) Molybdenum (Mlb) AGEOs * (koz) Proven and Probable Current Mineral Resources and Reserves are Unavailable Measured and Indicated Inferred * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 11 for a description of AGEO calculation methodology. ROYAL GOLD 2024 Asset Handbook 82 For more information, please visit: www.kghm.com/en