UNITED STATES Cortez The Cortez Complex is held within the Barrick-operated Nevada Gold Mines (“NGM”) joint venture owned by Barrick Gold Corporation (“Barrick”) (61.5%) and Newmont Corporation (38.5%). The operation is located approximately 95 kilometers southwest of Elko, in Lander County, Nevada. The Cortez property is situated along the Cortez-Battle Mountain trend. ROYALTY OPERATOR Barrick Gold Corp. MINERALIZATION STYLE Carlin-Type Sediment- Hosted Au MINE TYPE Open-pit & Underground METAL(S) Gold PRODUCT Doré YEAR OF ACQUISITION Legacy Zone: 1992-2022, CC Zone: 2014-2022 TERM OF ROYALTY Life of Mine MINE LIFE 2043 1 ROYALTY Legacy Zone: 9.4% approx. blended GSR Royalty on Pipeline and Crossroads (all metals) CC Zone: 1.6% approx. blended GSR Royalty on Cortez Hills, Cortez Pits, Fourmile and Goldrush (all metals) 2.2% approx. blended GSR Royalty on Goldrush SE (all metals) 0.45% approx. GSR Royalty on Robertson (all metals) Operational Overview The Cortez Complex is a series of large, open-pit and underground mines, with oxide milling and heap leach processing facilities. The open-pits use conventional truck-and- shovel fleets, and mining operations move between the various pits over the life of mine plan. Underground operations use large-scale mechanized cut-and-fill and long-hole stoping mining methods. Non-refractory ores from the mines are treated on site, while refractory ores are shipped to NGM’s Carlin Complex for processing by autoclave or roaster facilities. 2025 OPERATOR GUIDANCE 680,000 to 765,000 ounces of gold (100% basis) for the entire Cortez Complex. 2 LONGER-TERM OPERATOR OUTLOOK 750,000 to 1,100,000 ounces per year over the next 5 years. Barrick has indicated that the Fourmile Project could add an additional >500,000 ounces per year in the longer term. 3 1 Source: Barrick, 2024 Annual Information Form: Based on existing reserves and production capacity, including the Goldrush project, and excluding the Fourmile project, the Cortez open-pit operation is expected to continue until 2030 and the underground operation until 2043. 2 Source: Barrick, February 12, 2025, Press Release: The guidance for the 100% interest is estimated based on Barrick’s guidance of 420,000 to 470,000 ounces for its 61.5% interest. 3 Source: Barrick, November 22, 2024, Investor Day Presentations 4 Goldrush, source: Barrick, February 12, 2025, Press Release; Robertson, source: Barrick, September 22, 2022, Corporate Presentation; Fourmile, source: Barrick, September 12, 2023, Press Release 5 Source: Barrick, August 12, 2024, Press Release 6 Source: Barrick, February 12, 2025, Press Release ROYAL GOLD 2024 Asset Handbook 40