74 ROYAL GOLD 2023 Asset Handbook Royal Gold’s Royalty Interest Royal Gold holds a 3.0% net smelter return (NSR) royalty on all metals produced from the Ruby Hill mine. Royal Gold acquired its royalty interest on the Ruby Hill mine on May 23, 2012, from International Minerals Corporation. Ruby Hill Ruby Hill is an open-pit, heap leach gold mine, owned and operated by i-80 Gold Corp. (“i-80 Gold”). Ruby Hill is located in Eureka County, Nevada, approximately 2 kilometers northwest of the town of Eureka, along the southeastern end of the Battle Mountain-Eureka gold trend. Operational Overview Ruby Hill is an open-pit mine with primarily oxide material. Ore processing includes on-site gold recovery by zero- discharge heap leach and carbon column facilities. Royal Gold is currently receiving revenue from residual heap leach recovery operations. OPER ATOR i-80 Gold Corp. MINER ALIZATION ST YLE Carlin-Type Sediment- Hosted Au/CRD MINE T YPE Open-pit METAL(S) A u A g PRODUCT Doré ROYALT Y 3.0% NSR Royalty (all metals) YEAR OF ACQUISITION 2012 TERM OF ROYALT Y Life of Mine MINE LIFE N/A UNITED STATES 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. Idaho Oregon California Utah Arizona RUBY HILL Nevada ROYALT Y 1 Source: i-80 Gold, January 9, 2024, Press Release