Royal Gold’s Royalty Interest Royal Gold holds a 0.5% to 0.75% sliding-scale net smelter return (NSR) royalty on gold produced from certain claims included in the Marban Alliance property, and a 1.0% to 1.5% sliding-scale NSR royalty on gold produced from certain claims in the Horizon property. At a gold price below $350 per ounce, the royalty rate is 0.5% for the Marban Alliance and 1.0% for Horizon, which increases to 0.75% for the Marban Alliance and 1.5% for Horizon at a gold price equal to or above $350 per ounce. Royal Gold acquired this royalty as part of its acquisition of a royalty portfolio from Barrick Gold Corporation on July 31, 2008. MINERAL RESOURCES AND RESERVES As of August 17, 2022 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 1,212 9 Measured and Indicated 548 4 Inferred 155 1 * 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. 2024 Asset Handbook ROYAL GOLD 130 For more information, please visit: www.agnicoeagle.com
2024 Asset Handbook Page 129 Page 131