124 ROYAL GOLD 2023 Asset Handbook For more information, please visit: www.newmont.com . NuevaUnión NuevaUnión is a 50/50 joint venture between Teck Resources Ltd. and Newmont Corporation located in Region III of Chile, and consists of their respective Relincho and La Fortuna projects (located approximately 40 kilometers apart). Royal Gold’s royalty interest only covers a portion of the La Fortuna area, which has two known separate zones of porphyry-style copper-gold mineralization. These include La Fortuna and El Negro. Development Update NuevaUnión is one of the larg est undeveloped copper-gold projects in the Americas. A Prefeasibility Study (PFS) on the NuevaUnión project was completed in early 2018. The Relincho and La Fortuna deposits are envisioned to be bulk open-pit mining operations. Work in 2023 focused on establishing a cost-effective path forward for the development of this world-class resource in a manner acceptable to communities of interest, key stakeholders and the regulator. 1 Royal Gold’s Royalty Interest Royal Gold holds a 1.4% net smelter return (NSR) royalty on all metals produced from La Fortuna. On August 7, 2013, Royal Gold acquired a 70% interest in a 2.0% NSR royalty on certain portions of La Fortuna from Xstrata Copper Chile S.A. Royal Gold estimates that the royalty covers approximately 30% of this deposit. MINER AL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Au (koz) Ag (koz) Cu (Mlb) AGEOs* (koz) Proven and Probable 3,078 17,840 2,304 109 Measured and Indicated 1,391 8,649 825 43 Inferred 1,851 15,423 1,364 66 * 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. 1 Source: Newmont Corporation, Corporate Website 2 Source: Teck Resources Ltd., April 24, 2018, Press Release OPER ATOR Teck Resources Ltd. MINER ALIZATION ST YLE Porphyry Cu-Au ROYALT Y 1.4% NSR Royalty (all metals) YEAR OF ACQUISITION 2013 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE 38 years 1 CHILE PROJECT OUTLOOK As per its PFS, NuevaUnión is estimated to average annual production of 224,000 tonnes of copper, 269,000 ounces of gold, and 1,700 tonnes of molybdenum in concentrate per year over the first 5 years of operation. 2 San Juan San Juan La Rioja NUEVAUNIÓN La Rioja Atacama Antofagasta Catamarca ROYALT Y Acquisition Cost US$M $35.1 Net Book Value US$M $35.1