119 Overview Principal Producing Development  Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.americas-gold.com . Relief Canyon Relief Canyon encompasses an open-pit mine and heap leach processing facility, owned by Americas Gold and Silver Corporation (“Americas Gold and Silver”). Relief Canyon is located at the southwestern flank of the Humboldt Range in Pershing County, Nevada, approximately 25 kilometers east-northeast of Lovelock and 160 kilometers northeast of Reno. Development Update On August 31, 2021, Americas Gold and Silver suspended mining operations at Relief Canyon. Gold continues to be produced through re-leaching activities. Americas Gold and Silver is currently exploring options for the asset. 1 Royal Gold’s Royalty Interest Royal Gold holds a 2.0% net smelter return (NSR) royalty on all metals produced from Relief Canyon. Royal Gold’s royalty interest covers approximately 69% of the resource footprint by area. Royal Gold acquired its royalty interest on October 25, 2007, as part of the acquisition of Battle Mountain Gold Exploration Corporation. MINER AL RESOURCES AND RESERVES As of June 30, 2022 CONTAINED Au (koz) Ag (koz) AGEOs* (koz) Proven and Probable – – – Measured and Indicated 395 1,074 12 Inferred 17 5 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. OPER ATOR Americas Gold and Silver Corporation MINER ALIZATION ST YLE Orogenic Au ROYALT Y 2.0% NSR Royalty (all metals) YEAR OF ACQUISITION 2007 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE Detail not publicly disclosed by operator. UNITED STATES PROJECT OUTLOOK Detail not publicly disclosed by operator. Idaho Oregon California Utah Arizona RELIEF CANYON Nevada ROYALT Y Acquisition Cost US$M $0.9 Net Book Value US$M $0.0 Historical Revenue US$M $0.5 1 Source: Americas Gold and Silver, Q3 2023 MD&A