Portfolio Asset Mine Life Mine life, and the potential to extend mine life, is an important characteristic that Royal Gold considers when adding assets to its portfolio. In addition to providing expected economic benefits over many years, a long-life asset fits Royal Gold’s strategy to provide investors with upside optionality, as the longer the life of an asset, the more investors are exposed to metal price volatility, future production expansion, resource conversion and exploration success. In the table below, we present the operator- reported asset mine life for properties where we have a stream or royalty interest. Note, the operator- reported asset mine lives are primarily based on reserves and do not consider the potential for conversion of resources into reserves. Operator-Reported Asset Mine Life Property Mine Life (Ending Years) 1 PRODUCING Allan 2077 Andacollo 2037 Bald Mountain 2031 Bellevue 2033 Canadian Malartic 2042 Cortez 2043 Côté Gold 2041 Don Nicolas 2029 El Limón 2029 Granite Creek 2032 (UG), 10 years (OP) Gwalia 2039 Johnson Camp 2047 Khoemacau 2040 King of the Hills 2037 LaRonde Zone 5 2034 Manh Choh 2029 Mara Rosa 2033 Marigold 2032 Mount Milligan 2036 Peñasquito 2032 Pueblo Viejo 2046 Rainy River 2033 Red Chris 2050 Robinson 2036 Ruby Hill 10 years (UG), 16.5 years (OP) Twin Creeks 2030 Voisey's Bay 2038 Wassa 2028 Wharf 2030 Xavantina 2031 2 Property Mine Life (in Years) 1 DEVELOPMENT Back River 9 Bateman Gold 7 Cactus 31 Castelo de Sonhos 11 Don Mario 6-7 Hasbrouck Mountain 9 Ilovica 20 Kundip 9 Kutcho Creek 11 La India 12 Las Cruces 20 Marban 10 NuevaUnión 38 EVALUATION Berg 30 Great Bear 12 North Island 22 Kerr-Sulphurets-Mitchell 72 Lawyers 14 Schaft Creek 21 It is important to note that mine life estimates, and the reserves and resources that form the basis for those estimates, are given at a point in time. Estimated mine lives can change over time as exploration success and conversion of resources to reserves occurs, and when different assumptions for metal prices, operating costs, operating performance, etc., are considered. Internally, Royal Gold considers resource conversion at the properties underlying its stream and royalty interests and may estimate future production beyond mine lives stated by the operators. However, decisions regarding the development or operation of these properties are determined by the operators and Royal Gold does not publicly disclose these internal estimates. In some cases, the operator may provide additional information that may be indicative of its expectations for mine life extension beyond reserve lives. For example, Barrick discusses the planned conversion of existing resources to reserves at Cortez, potentially extending the lives of the open-pit and underground operations by at least eight years and nine years, respectively. 3 1 See individual property page for source, UG = Underground, OP = Open-pit 2 Mine life reflects the reserve update issued on December 3, 2024 3 Source: Barrick Gold, 2024 Annual Information Form ROYAL GOLD 2024 Asset Handbook 30