Properties

Development Pipeline

Property Portfolio – Development Pipeline 1

Development Pipeline

1 The date in parentheses indicates the estimated date of production for each property, as estimated by the various operators. The chart includes some development properties that Royal Gold does not consider to be principal. See Form 10-K for a discussion of the Company’s principal royalty interests on development stage properties.

2 See footnote 1 under Canadian Malartic.

3 See footnote 1 under Holt.