PROJECT OUTLOOK As per the September 2024 PEA, the Great Bear Project is expected to produce over 500,000 ounces of gold per year during the first eight years of its mine life. Importantly, the PEA provides a first view of Great Bear’s potential, while ongoing drilling demonstrates further potential upside as exploration progresses from depth. 2 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable – – Measured and Indicated 2,738 55 Inferred 3,884 78 * 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. Acquisition Cost US$M $151.7 Net Book Value US$M $209.1 3 ROYAL GOLD 2024 Asset Handbook 150 For more information, please visit: www.kinross.com