Wharf PRODUCTION Black Hills, South Dakota OPERATOR Coeur Mining Inc. ("Coeur") COMMODITY TYPE TERMS LAND AREA Gold Royalty 1.0% GVR 3,500 ha Royalty Summary Reserves Wharf is an open pit, heap leach operation located in the Northern Reserves & Resources - Au Black Hills of South Dakota wholly owned and operated by Coeur P&P Reserves (koz Au) 764 M&I Resources (koz Au) 498 Mining. The mine has been a consistent free cash 昀氀ow generating Inferred Resources (koz Au) 149 asset for Coeur and consists of several areas of adjoining gold min- eralization, which have been mined as a series of open pits. The Metalla Royalty Ounces - GEOs mine produced 93,502 ounces of gold in 2023. Coeur has set the P&P Reserves (koz) 7.6 production guidance range of 86-96 Koz for 2024. M&I Resources (koz) 5.0 Inferred Resources (koz) 1.5 Wharf has been in production since 1983. Coeur acquired the asset * Mineral Resources are reported exclusive of Mineral Reserves * For Royalty GEO calculation, Metalla estimates 100% of the Wharf Mineral Resources and Mineral in 2015 from Goldcorp Inc. (now Newmont Corporation) and subse- Reserves are subject to our royalty interest at a rate of 1.0%. * For sources, please refer to note 4 on the Notes & Sources page. * For sources, please refer to note 1 on the Notes & Sources page. quently increased plant ef昀椀ciency and replaced Mineral Reserves through exploration. During Coeur’s ownership, it has announced cumulative free cash 昀氀ow generated from Wharf of approximate- Royalty & Mineralization Map ly four times the original $99.5 million. Additionally, Wharf has a mine life of approximately six years. Coeur announced that activi- Mineralization ties during 2024 will include drilling to convert Mineral Resources to Mineral Reserves in the Juno area and extend the mine life. Royalty Coverage In 2023, Metalla received 1,008 GEOs from Wharf. Property Boundary 18 Metalla Royalty & Streaming Ltd.