DEVELOPMENTS AND POTENTIAL Mining at Gold Hill was completed in December 2023. Exploration around the mine area will continue looking for targets to the west and south of the current Round Mountain deposit. Kinross has reported exploration and study work at the Gold Hill underground project that may add production to the Round Mountain operation starting in 2029. 1 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $9.8 2023: 2024: Historic Revenue to Royal Gold US$M $0.2 $0.1 Acquisition Cost US$M $3.5 Investment Recovered % 281% Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Gold (koz) Silver (koz) AGEOs * (koz) Proven and Probable Current Mineral Resources and Reserves are Unavailable Measured and Indicated Inferred * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 11 for a description of AGEO calculation methodology. ROYAL GOLD 2024 Asset Handbook 68 For more information, please visit: www.kinross.com