22 Producing 1 Twin Creeks 2 Goldstrike 3 Leeville 4 Marigold 5 Cortez 6 Bald Mountain 7 Ruby Hill 8 Robinson 9 Gold Hill 10 Granite Creek Development 11 Relief Canyon 12 Hasbrouck Mountain Evaluation 13 Doby George 14 Island Mountain 15 Wildcat 16 Long Valley (located in California) Exploration 17 Wood Gulch 18 Hot Pot 19 Simon Creek 20 Rye 21 Trenton Canyon 22 Paiute 23 Mule Canyon 24 BSC 25 Nevada Properties 26 Horse Mountain 27 Buckhorn South 28 Windfall 29 FAD 30 Pinson - Other Oregon Idaho Utah California 3 5 6 7 8 9 11 12 14 15 16 17 30 24 22 21 23 20 26 27 29 1 25 4 2 Bald Mountain Robinson Cortez Marigold Twin Creeks Ruby Hill Leeville Goldstrike Gold Hill Nevada Nevada Gold Trends 13 10 18 19 28 Granite Creek NEVADA (UNITED STATES): 15% OF TOTAL 2024 REVENUE Nevada is one of the most prolific gold-mining regions in the world and hosts a number of major gold trends, including Carlin, Battle Mountain-Eureka, Northern Nevada Rift (NNVR) and Getchell. Nevada by the Numbers: • Three Tier 1 gold assets (Goldstrike-Carlin, Turquoise Ridge-Twin Creeks and Cortez). 1 • Ranked second according to the Fraser Institute’s Investment Attractiveness Index (in 2023). • Home to Nevada Gold Mines, a joint venture between Barrick and Newmont, two of the world’s largest gold producers, operating the single, largest gold-producing complex in the world. Royal Gold in Nevada by the Numbers: • Royal Gold has royalty interests on 10 producing, two development, three evaluation and 14 exploration properties in the Nevada area. • Royal Gold’s largest revenue contributor in Nevada and key growth driver for the company is Cortez, which accounted for approximately 10% of revenue in 2024. • Excluding Cortez, Royal Gold’s other producing properties in Nevada contributed 5% of revenue in 2024. 1 Source: Barrick Gold Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 15