Royal Gold, Inc. · NASDAQ:RGLD

Royal Gold — Merger or Acquisition (July 2016)

13 slides from Royal Gold's merger presentation, Jul 5, 2016

  1. Slide 1: Mount Milligan Stream Update

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Mount Milligan Stream Update July 5, 2016 EXHIBIT 99.2

  2. Slide 2: Cautionary Statement

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Cautionary Statement 2 This presentation contains certain forward-looking statements within the meaning of t

  3. Slide 3: Mount Milligan Overview

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Peñasquito 3 Mount Milligan – Parent Company is Thompson Creek Metals Company, Inc . (TCM) Located in Britis

  4. Slide 4: Royal Gold – Mount Milligan History

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 4 Royal Gold – Mount Milligan History July 5, 2016 Royal Gold invested US$781m in three tranches (2010 - 201

  5. Slide 5: Royal Gold was a Catalyst

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 5 Royal Gold was a Catalyst July 5, 2016 Thompson Creek Capital Structure » Debt, US$833m due from December

  6. Slide 6: Mount Milligan Free Market Solution

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Centerra and Thompson Creek entered into an Arrangement Agreement Centerra to acquire Thompson Creek, all st

  7. Slide 7: Transaction Meets Royal Gold Goals

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Royal Gold’s Mount Milligan economic interest, investment protection maintained » NAV n eutral to Royal Gold

  8. Slide 8: Mount Milligan Stream Details

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 8 Mount Milligan Stream Details July 5, 2016 Existing Stream: » 52.25% of gold, payment of $435/ oz of gold

  9. Slide 9: Favorable Metal Ratios

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 9 Favorable Metal Ratios July 5, 2016 Source: Bloomberg market data as of 01 - Jul - 2016 Note: US$ basis Th

  10. Slide 10: Gold Focused

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 10 Gold Focused Royal Gold expects 75% of estimated net revenue from gold 1 on a pro - forma basis July 5, 2

  11. Slide 11: Centerra Gold will be a Strong Operator

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx Toronto - based, mid - tier gold producer » Successor to substantially all of the gold businesses of Cameco

  12. Slide 12: Royal Gold Supports Transaction

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 12 Stream e conomics maintained Operationally and financially strong operator Investment protection Opportun

  13. Slide 13: - - - 1230AM EST v02.pptx 1660 Wynkoop Street, #1000 Denver, CO 80202 -

    IBDROOT \ PROJECTS \ IBD - NY \ HARDPAN2015 \ 584619_1 \ Presentations \ 34. 2016 - 07 - 05 Chess Investor Presentation \ RGLD Chess Investor Presentation - 2016 - 07 - 05 1230AM EST v02.pptx 1660 Wynkoop Street, #1000 Denver, CO 80202 - 1132 303.573.1660 info @royalgold.com www.royalgold.com 1660 W

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