CANADA Red Chris The Red Chris Mine is an operating open-pit mine producing gold and copper, located on the northern edge of the Skeena Mountains, approximately 1,700 kilometers north of Vancouver and 18 kilometers southeast of the town of Iskut in British Columbia, Canada. The mine is owned and operated by a joint venture, which is owned 70% by Newmont Corporation (“Newmont”) and 30% by Imperial Metals Corporation, in which Newmont is the operator. Newmont acquired its interest through the acquisition of Newcrest Mining Limited (“Newcrest”) in November 2023, and Newcrest acquired its interest in the Red Chris Mine in August 2019. ROYALTY OPERATOR Newmont Corporation MINERALIZATION STYLE Porphyry Cu-Au MINE TYPE Open-pit & Underground METAL(S) Gold, Copper PRODUCT Concentrate ROYALTY 1.0% NSR (all metals) YEAR OF ACQUISITION 2021 TERM OF ROYALTY Life of Mine MINE LIFE 2050 1 Operational Overview The Red Chris Mine is currently an open-pit operation. Mining is conducted using a conventional truck and shovel fleet. The plant consists of a semi-autogenous mill, ball mill, pebble crushing (SABC) comminution circuit housed in a single process building. The recovery circuit consists of sequential flotation to produce a gold-copper concentrate. In 2021, Newcrest issued results of a Pre-Feasibility Study (Newcrest PFS) for the transition from an open-pit to a large- scale, block cave operation. The proposed mine plan uses conventional block cave technology, including mine design and equipment. The Newcrest PFS includes upgrades to the existing processing plant to treat underground ore at a throughput rate of 13.6 Mtpa and also considers the potential upside case with a throughput rate of 15 Mtpa. 2025 OPERATOR GUIDANCE Approximately 86,000 ounces of gold and 88 million pounds of copper (on 100% basis). 2 LONGER-TERM OPERATOR OUTLOOK Newmont is conducting a feasibility study on a potential underground block cave mine and has commenced an exploration decline. 3 Royal Gold’s Royalty Interest Royal Gold owns a 1.0% net smelter return (NSR) royalty on all metals produced from an area covering approximately 51 square kilometers, which includes the currently known mineralization and prospective exploration areas of the Red Chris Mine. Royal Gold acquired the royalty on August 11, 2021, from Glencore Canada Corporation, a wholly owned subsidiary of Glencore International AG. Royalty payments are made annually within 90 days of the end of the calendar year. 1 Source: Newmont, February 20, 2025, Corporate Presentation: 26-year reserve life with upside from resources and exploration 2 Source: Newmont, February 20, 2025, Press Release 3 Source: Newmont, 2024 10-K Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 59