| 2 ROYAL GOLD, INC. | DECEMBER QUARTER 2021 RESULTS | FEBRUA RY 17, 2022 Cautionary Statement Forward - Looking Statements: This presentation includes “forward - looking statements” within the meaning of U.S. federal securities laws. Forward - looking stat ements are any statements other than statements of historical fact. Forward - looking statements are not guarantees of future performance, an d actual results may differ materially from these statements. Forward - looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “beli eve,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward - looking st atements include, among others, the following: statements about our expected financial performance and outlook, including sales volume, revenue, expenses, tax rates, earnin gs or cash flow; the potential increase in the Khoemac a u stream rate to 100% of payable silver; operators’ expected operating and financial performance, including production, deliv eri es, mine plans and reserves, development, construction, cash flows and liquidity, capital requirements and capital expenditures; planned and potential acq uis itions or dispositions, including funding schedules and conditions; receipt of metal deliveries; liquidity, financing and stockholder returns; our anticipated guidance sc hedule; our overall investment portfolio; macroeconomic and market conditions including the impacts of COVID - 19; prices for gold, silver, copper, nickel and other metals; potential impairments; or tax changes. Factors that could cause actual results to differ materially from these forward - looking statements include, among others, the fo llowing: a lower - price environment for gold, silver, copper, nickel or other metals; operating activities or financial performance of properties on which we hold stream o r r oyalty interests, including variations between actual and forecasted performance, operators’ ability to complete projects on schedule and as planned, operators’ changes to min e plans and reserves and resources (including updated reserve and resource information as of December 31, 2021), liquidity needs, mining and environmental hazar ds, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, contractual issues involving our stream or royalty agreements, or operati ona l disruptions due to COVID - 19, including due to variant strains of the virus; risks associated with doing business in foreign countries; increased competition for stream and royalty interests; environmental risks, included those caused by climate change; potential cyber - attacks, including ransomware; our ability to identify, finance, value and compl ete acquisitions; adverse economic and market conditions; changes in laws or regulations governing us, operators or operating properties; changes in management and key employees; and other factors described in our reports filed with the Securities and Exchange Commission, including our Form 10 - K for the transition period ended Decemb er 31, 2021. Most of these factors are beyond our ability to predict or control. Forward - looking statements speak only as of the date on which they are made. We disclaim any obligation to update any forward - lo oking statements, except as required by law. Readers are cautioned not to put undue reliance on forward - looking statements. Statement Regarding Third - party Information: Certain information provided in this presentation, including production estimates, has been provided to us by the operators of the relevant properties or is publicly available information filed by these operators with applicable securities regulator y b odies, including the Securities and Exchange Commission. Royal Gold has not verified, and is not in a position to verify, and expressly disclaims any responsibility for t he accuracy, completeness or fairness of any such third - party information and refers the reader to the public reports filed by the operators for information regarding those prope rties. Information in this presentation concerning the Khoemac a u Copper Project was provided to the Company by Cupric Canyon Capital L.P., the privately held owner and developer of Khoemac a u. Such information may not have been prepared in accordance with applicable laws, stock exchange rules or international stan dar ds governing preparation and public disclosure of technical data and information relating to mineral properties. Royal Gold has not verifi ed, and is not in a position to verify, and expressly disclaims any responsibility for the accuracy, completeness or fairness of this third - party information, and investors are cauti oned not to rely upon this information. .. |
