UNITED STATES Ruby Hill Ruby Hill is an open-pit and underground operation, owned and operated by i-80 Gold Corp. (“i-80”). Ruby Hill is located in Eureka County, Nevada, approximately two kilometers northwest of the town of Eureka, along the southeastern end of the Battle Mountain-Eureka gold trend. ROYALTY OPERATOR i-80 Gold Corp. MINERALIZATION STYLE Carlin-Type Sediment- Hosted Au/CRD MINE TYPE Open-pit & Underground METAL(S) Gold, Silver PRODUCT Doré ROYALTY 3.0% NSR (all metals) YEAR OF ACQUISITION 2012 TERM OF ROYALTY Life of Mine MINE LIFE 10 years (Underground), 16.5 years (Open-pit) 1,2 Operational Overview Ruby Hill includes the high-grade Archimedes underground project, the Mineral Point open-pit heap leach project, as well as several base metal deposits. Processing infrastructure at Ruby Hill includes a primary crushing plant, grinding mill, leach pad, and carbon-in-column circuit. Mining activity at the Archimedes pit is complete and Royal Gold is currently receiving revenue from residual heap leach recovery operations. 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 Ruby Hill mine. Royal Gold acquired its royalty interest on the Ruby Hill mine on May 23, 2012, from International Minerals Corporation. 1 Source: i-80 Gold, February 18, 2025, Press Release 2 Source: i-80 Gold, February 21, 2025, Press Release Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 83