70 ROYAL GOLD 2023 Asset Handbook Royal Gold’s Royalty Interest Royal Gold holds a 2.0% net smelter return (NSR) royalty on all metals produced from the Marigold mine. On February 22, 2008, Royal Gold announced it completed the acquisition of the 2.0% NSR royalty on Marigold from AngloGold Ashanti (USA) Exploration. Marigold Marigold is owned and operated by Marigold Mining Company, a wholly-owned subsidiary of SSR Mining Inc. Marigold is located in southern Humboldt County, Nevada, in the northern foothills of the Battle Mountain Range, approximately 60 kilometers east of the town of Winnemucca and five kilometers south-southwest of the town of Valmy. Operational Overview In production since 1989, Marigold is a large run-of-mine (ROM) heap leach operation with several open-pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility. Currently the mine utilizes a fleet of 290-tonne haul trucks and three loading units. The Marigold processing plant combines industry standard ROM heap leaching, carbon adsorption, carbon desorption and electro-winning circuits to produce a final precious metal (doré) product. 1 Source: SSR Mining, February 13, 2024, Press Release: 9-year mine life, 15 years of total production including residual leaching 2 Source: SSR Mining, February 13, 2024, Press Release 3 Source: SSR Mining, September 2023 Corporate Presentation OPER ATOR SSR Mining Inc. MINER ALIZATION ST YLE Carlin-Type Sediment- Hosted Au MINE T YPE Open-pit 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 UNITED STATES 2024 OPER ATOR GUIDANCE 155,000 to 175,000 ounces of gold. 2 LONGER-TERM OPER ATOR OUTLOOK As per its five-year production outlook, Marigold is expected to produce 205,000 to 225,000 ounces of gold in 2025; 240,000 to 260,000 ounces of gold in 2026; 370,000 to 400,000 ounces of gold in 2027; and 380,000 to 415,000 ounces of gold in 2028. 2 Idaho Oregon California Utah Arizona MARIGOLD Nevada ROYALT Y