50 ROYAL GOLD 2023 Asset Handbook Saskatchewan Alberta Manitoba Ontario Quebec British Columbia Newfoundland and Labrador LARONDE ZONE 5 ROYALT Y LaRonde Zone 5 LaRonde Zone 5 (“LZ5”) is an underground mine, owned and operated by Agnico Eagle Mines Limited (“Agnico Eagle”). LZ5 is located on the Bousquet property, immediately west of the LaRonde mine complex, in the Rouyn-Noranda mining district, northwestern Quebec, Canada. OPER ATOR Agnico Eagle Mines Limited MINER ALIZATION ST YLE Orogenic Au MINE T YPE Underground METAL(S) A u PRODUCT Doré ROYALT Y 2.0% NSR Royalty (all metals) YEAR OF ACQUISITION 2008 TERM OF ROYALT Y Life of Mine MINE LIFE 2032 1 CANADA Operational Overview LZ5 was approved for development in February 2017 as an underground mining operation and achieved commercial production on June 1, 2018. Underground access is via a decline and the mining methods are longitudinal retreat with paste backfill, and transverse open stoping with paste or unconsolidated waste backfill. The ore is trucked to the surface and then 2 kilometers east to the LaRonde processing complex. Ore from LZ5 is commingled with ore from the LaRonde Mine (Penna Shaft) and treated through the 7,200 tonne per day (tpd) carbon-in-pulp (CIP) plant. 1 Source: Agnico Eagle, 2022 Annual Information Form 2 Provided for the LaRonde Complex and not LZ5 specifically. 3 Source: Agnico Eagle, Corporate Website 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. 2 LONGER-TERM OPER ATOR OUTLOOK The LZ5 mine is expected to maintain an ore production rate exceeding 3,100 tpd through 2028 before declining in the final years of the current mine life of 2032. 3 Royal Gold’s Royalty Interest Royal Gold holds a 2.0% net smelter return (NSR) royalty on all metals produced from the LZ5 mine. Royal Gold acquired its royalty interest effective October 1, 2008, with the acquisition of Barrick Gold Corporation’s royalty portfolio, which included the LaRonde Zone 5 royalty.