Brief History of Portfolio Additions – Last 10 Years (Cont’d) Producing Development Evaluation 2024 2024 MOUNT MILLIGAN United States OPERATOR Centerra Gold Inc. ACQUISITION COST Consideration paid to Royal Gold, Inc. 9 TERM Life of mine Long-term cost support 9 2024 BACK RIVER Canada OPERATOR B2Gold Corp. ACQUISITION COST $51 million TERM Life of mine The Hill Royalty, a 0.7% NSR and the KM Royalty, a 26.25% interest in a 5% GSR 10 2024 CACTUS United States OPERATOR Arizona Sonoran Copper Company Inc. ACQUISITION COST $55 million TERM Life of mine 2.5% NSR royalty 11 2025 2025 XAVANTINA Brazil OPERATOR Ero Copper Corp. ACQUISITION COST $50 million TERM Life of mine Extended gold delivery threshold under Stage II and expanded area of influence covered by stream 12 9 See Mount Milligan property page for details. 10 See Back River property page for details. 11 The Cactus Royalty covers the Cactus East and Cactus West deposits as well as portions of the Parks/Salyer deposit and is subject to a right in favor of ASCU to buy back 0.5% of the aggregate 2.5% royalty for $7 million until July 10, 2025. 12 See Xavantina property page for details. ROYAL GOLD 2024 Asset Handbook 24