DEVELOPMENTS AND POTENTIAL Permitting and pre-stripping is underway with a target for first ore production from a new open pit in 2027. 2 The location of this new open pit relative to Royal Gold’s royalty coverage is not clear. FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $27.4 2023: 2024: Historic Revenue to Royal Gold US$M -$1.0 $1.9 Acquisition Cost US$M $7.5 Investment Recovered % 365% Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 861 8 Measured and Indicated 1,055 10 Inferred 160 2 * 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 64 For more information, please visit: www.barrick.com