47 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Producing Assets Provide Potential for Near-Term Revenue Growth Mount Milligan PEA underway to define long-term outlook and potential mine life extension post 2035 Cortez Goldrush production ramping up, Fourmile and Robertson projects advancing Pueblo Viejo plant expansion substantially complete, new tailings storage facility commissioning expected by Q4 2024 Andacollo transition to higher grade ore 2025+ Khoemaca u new owner reviewing expansion potential LaRonde Zone 5 exploration targeting Bousquet and LZ5 extensions Rainy River underground operations ramping up and exploration underway Red Chris exploration and geotechnical drilling continuing to support block cave studies Voisey's Bay underground mine extension project nearing completion Williams potential to restart open pit and extend mine life Johnson Camp studies in progress to review restart of open pits Leeville testing extents of new targeting model at Rita K Marigold growing 5-year production profile, targeting 220,000-250,000oz/year in 2028 Robinson mine life extended to 2036 with investment to modernize and optimize the mine Ruby Hill PEA for Ruby Deeps deposit near completion El Limon exploration underway to extend resources and develop new targets Xavantina production of 55,000-60,000oz/year expected from 2024 to 2027 Wassa Southern Extension could add multi-decades beyond the reserve life Bellevue ramping up production, with 200,000oz/year targeted for first 5 years Gwalia unitization with Ulysses to focus on selective mining supported by high-grade drill results KOTH ramping up production with exploration near mine and satellite potential that may extend mine life PRODUCING Red Chris, Canada