UNITED STATES Leeville Leeville is an underground gold mine in the Carlin Complex, held within the Barrick-operated Nevada Gold Mines LLC, a joint venture between Barrick Gold Corporation (“Barrick”) (61.5%) and Newmont Corporation (38.5%). Leeville is located in northeastern Nevada, approximately 15 kilometers northwest of the town of Carlin and 50 kilometers west-northwest of Elko. ROYALTY OPERATOR Barrick Gold Corp. MINERALIZATION STYLE Carlin-Type Sediment- Hosted Au MINE TYPE Underground METAL(S) Gold PRODUCT Doré ROYALTY 1.8% NSR (all metals) YEAR OF ACQUISITION 2002 TERM OF ROYALTY Life of Mine MINE LIFE N/A 1 Operational Overview Mining at Leeville started in 2005. Leeville utilizes two main mining methods for ore extraction: underhand drift-and-fill, and long-hole stoping. Gold mineralization in the Leeville complex is refractory. Leeville ore is processed in the Carlin Complex roasters or autoclaves. 2025 OPERATOR GUIDANCE Detail not publicly disclosed by operator. 1 LONGER-TERM OPERATOR OUTLOOK Detail not publicly disclosed by operator. 1 Royal Gold’s Royalty Interest Royal Gold holds a 1.8% net smelter return (NSR) royalty on all metals produced from areas subject to our royalty interest at Leeville. Royal Gold acquired the Leeville royalty in December 2002, through the acquisition of High Desert Mineral Resources. 1 Provided for NGM’s Carlin Complex and not Leeville specifically. 2 Source: Barrick, 2023 Annual Information Form Materials Reference Details Portfolio and Outlook Performance Expected Overview Portfolio Our Business Attributes of Introduction 75