79 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.barrick.com . DEVELOPMENTS AND POTENTIAL Barrick is currently evaluating the potential for further upside at the Twin Creeks Mega Open-pit (Mega Pit). An updated Preliminary Feasibility Study is currently underway with updated geological and geotechnical models, targeted for completion in 2024 and bringing additional production into the current 10-year plan over and above the existing profile. Targeted drilling below the Mega Pit has validated the potential for a high-grade, feeder-type target at depth. At present, Royal Gold cannot confirm whether the upside at the Mega Pit will fall within Royal Gold’s royalty AOI. 3 MINER AL RESOURCES AND RESERVES As of December 31, 2022 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable 54 1 Measured and Indicated 16 – Inferred 1 – * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 9 for a description of AGEO calculation methodology. FINANCIAL AND OPER ATING RESULTS As of December 31, 2023 Revenue to Royal Gold Since Inception US$M $5.4 Historic Revenue to Royal Gold US$M 2022: $0.0 2023: $0.0 Acquisition Cost US$M $2.5 Investment Recovered % 215% Net Book Value US$M $0.0