62 ROYAL GOLD 2023 Asset Handbook Idaho Oregon California Utah Arizona GOLD HILL Nevada ROYALT Y Gold Hill Gold Hill is an open-pit mine, owned and operated by Kinross Gold Corporation (“Kinross”). The Gold Hill deposit is located 5 kilometers north of the Round Mountain pit and is part of the overall Round Mountain operation located in northern Nye County, Nevada. Operational Overview Gold Hill is operated independently of the Round Mountain pit. Conventional open-pit mining methods are used and the ore consists of oxide material that is placed directly on a dedicated heap leach pad adjacent to the pit. 1 Source: Kinross, 2022 Annual Information Form 2 Source: Kinross, February 14, 2024, Press Release OPER ATOR Kinross Gold Corporation MINER ALIZATION ST YLE Carlin-Type Sediment- Hosted Au MINE T YPE Open-pit METAL(S) A u A g PRODUCT Doré ROYALT Y 0.6% to 0.9% NSR Royalty (M-ACE claims) (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALT Y Life of Mine MINE LIFE 2023 1 UNITED STATES 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. Royal Gold’s Royalty Interest Royal Gold holds a 0.6% to 0.9% sliding-scale NSR royalty on all metals produced from the M-ACE claims. The royalty is based on a sliding scale, which caps at 0.9% at gold prices above $400 per ounce. Royal Gold acquired the 0.6% to 0.9% sliding-scale NSR royalty over the M-ACE claims effective February 22, 2010, with the acquisition of International Royalty Corporation.