EXPLORATION (LISTED ALPHABETICALLY BY COUNTRY, AS OF DECEMBER 31, 2024) Property Location Ownership Royalty Rate Martha Argentina Patagonia Gold Corporation 2.0% NSR (gold and silver) Mina Cancha Argentina Pan American Silver Corporation 2.50% NSR Abbotts Australia New Murchison Gold Limited 1.5% NSR Cheritons Find Australia Shandong Tianye Group 1.5% NSR Chesterfield Australia Tanzi Pty Ltd 1.5% NSR Croesus Australia Zijin Mining Group A$1.25/tonne 1 Edna May Australia Ramelius Resources Limited 0.5% GSR Fisher East Australia Cannon Resources Limited A$5.00/oz 2 Forrestania Australia IGO Limited 1.5% NSR 3 Lounge Lizard Australia IGO Limited 1.5% NSR 4 Merlin Orbit Australia Lucapa Diamond Company Limited 1.0% GV Mt Newman-Victory Australia Genesis Minerals Limited 1.5% NSR Northwell Chilkoot Australia Northern Star Resources Limited 2.5% to 4.0% GV 5 Red Hill West Australia API Management Pty Ltd 2.5% NSR Southern Cross Nickel Australia IGO Limited 1.5% NSR 6 Stakewell Australia Diversified Asset Holdings Pty Ltd 1.5% NSR Wembley Durack Australia Westgold Resources Limited 1.0% NSR West Wyalong Australia Argent Minerals Limited/Golden Cross Resources Limited 2.5% NSR Afridi Lake Canada Shear Diamonds Ltd 1.5% GV 7 Ashmore Canada Quaternary Mining & Exploration Company Limited 1.5% NSR Black Lake Canada Stillwater Critical Minerals/Heritage Mining Ltd. 1.0% NSR Cameron Gold Canada First Mining Gold Corp. 1.0% NSR 8 Carswell Lake Canada Orano Canada Inc./Capstone Copper Corp. 5.0% NSR Cochenour Canada Evolution Mining Limited 5.0% NPI Duverny Canada Threegold Resources Inc. 15.0% NPI 9 Franquet Canada Nuinsco Resources Limited/Ocean Partner Holdings Limited 2.0% NSR 10 ; 3.0% NSR 10 Gauthier Canada Agnico Eagle Mines Limited 3.0% NSR Godfrey II Canada STLLR Gold Inc. 2.0% NSR Gold Dome Canada Victoria Gold Inc. 2.0% NSR 11 Golden Bear Canada Newmont Corporation 2.0% NSR Hood River Canada Shear Diamonds Ltd 1.0% GV Kizmet Canada Centerra Gold Inc. 1.0% NSR 12 McKenzie Red Lake Canada Evolution Mining Limited 1.0% NSR ML Canada Prospector Metals Corp. 2.0% NSR 1 Royalty is paid on dollars per tonne of ore above 50,000 tonnes up to 500,000 tonnes. 2 Royalty is capped at 500,000 ounces. 3 Royalty is payable on gold only. 4 Royalty is payable on gold only. 5 Royalty is 2.5% at grades above 1.5 g/t or 4.0% for grades at 1.5% or less. 6 Royalty payable on all minerals, except nickel or any by-products in whatever form or state. 7 Operator has option to purchase 0.5% of the 1.5% NSR for $1 million at any time prior to a production decision or within 120 days thereafter. 8 Operator has the option to purchase 0.25% of the 1.0% NSR at any time for CAD$250,000. 9 Royalty rate is equal to 15% of the proceeds of production until $1,760,000 has been paid. A 2.0% NSR royalty applies to production, thereafter. 10 The 2.0% NSR royalty applies to production from an area of the property referred to as the “GeoNova Properties,” and the 3.0% NSR royalty applies to production from an area of the property referred to as the “Homestake Properties.” 11 Operator has the option to purchase 1% of the 2% NSR for $3 million. 12 Operator has the option to purchase the entire 1.0% NSR for $1 million prior to the development of a mine on the property. Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 163