Cosmos Chiu

Derick Ma

Lawson Winder

Tanya Jakusconek

Brian MacArthur

Fahad Tariq

Joshua Wolfson

Josh Wolfson

- **Royal Gold's largest stream interest, the Mount Milligan mine, is expected to have its life extended by approximately 10 years to **2045**, following a pre-feasibility study by Centerra Gold Inc.**  **[85535_0000085535-25-000136_milliganpfspressrelease.htm:0]** 
- **The study projects a **10%** increase in process plant throughput by **2029** and consistent average annual production of approximately **150,000 ounces of gold** and **69 million pounds of copper** from **2026 to 2042**.**  **[85535_0000085535-25-000136_milliganpfspressrelease.htm:0]** 
- **Proven and probable mineral reserves at Mount Milligan have significantly increased by **56%** for gold to **4.4 million ounces** and **52%** for copper to **1.7 billion pounds**, compared to the end of **2024**.**  **[85535_0000085535-25-000136_milliganpfspressrelease.htm:0]**

ROYAL GOLD (RGLD)