UNITED STATES Robinson Robinson is an open-pit copper mine containing three major zones: Tripp-Veteran, Liberty and Ruth. Robinson is owned and operated by Robinson Nevada Mining Company, a subsidiary of KGHM Polska Miedź S.A. (“KGHM”), and is located in White Pine County, Nevada, approximately 11 kilometers west of Ely. ROYALTY OPERATOR KGHM Polska Miedź S.A. MINERALIZATION STYLE Porphyry Cu-Au MINE TYPE Open-pit METAL(S) Copper, Gold, Molybdenum PRODUCT Concentrate ROYALTY 3.0% NSR (all metals) YEAR OF ACQUISITION 2005 TERM OF ROYALTY Life of Mine MINE LIFE 2036 1 Operational Overview The property is a mature mine site that has been actively mined from the late 1800s to 1978, from 1986 to 1999, and again from 2004 to the present. Mining is conducted by conventional open-pit methods. The processing plant utilizes crushing, milling and flotation to produce a copper-gold concentrate and a molybdenum concentrate. Concentrates are transported to storage facilities in Wendover, Nevada. 2025 OPERATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPERATOR OUTLOOK Detail not publicly disclosed by operator. Royal Gold’s Royalty Interest Royal Gold holds a 3.0% net smelter return (NSR) royalty on all metals produced from the Robinson mine. Royal Gold acquired this royalty interest effective December 28, 2005, from Kennecott Minerals Company. 1 Source: KGHM, 2022 Integrated Report 2 Source: KGHM, Q1 2023 Transcript 3 Source: KGHM, March 2025, Management Board’s Report on Activities in 2024 Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 81