2016 2016 CORTEZ United States OPERATOR Barrick Gold Corp. ACQUISITION COST $70 million TERM Life of mine 3.75% NVR covering a significant area of the Cortez mine, including the Crossroads deposit 2018 2018 MARA ROSA Brazil OPERATOR Hochschild Mining plc ACQUISITION COST $11 million TERM Life of mine 1.75% NSR royalty (note, separately, Royal Gold owns an additional 1.0% NSR royalty on Mara Rosa) 2019 2019 KHOEMACAU Botswana OPERATOR MMG Limited ACQUISITION COST $265 million TERM Life of mine 100% of payable silver 6 2019 CASTELO DE SONHOS Brazil OPERATOR Tristar Gold Inc. ACQUISITION COST $8 million TERM Life of mine 1.5% NSR royalty 6 The Khoemacau transaction was announced in 2019. Royal Gold completed the advance payments (totaling $212 million) required to earn the full base (80% of payable) silver stream in January 2021. Subsequent to this, Khoemacau Copper Mining (Pty.) Ltd. (“KCM”) drew additional payments, at its option, totaling $53 million, with the last draw made in March 2022. This increased Royal Gold’s silver stream interest to 100% of payable silver until 40 million ounces have been produced, 50% thereafter. MMG Limited acquired KCM effective March 22, 2024. The acquisition of a gold stream on the Phoenix Gold Project is excluded from the timeline as, on December 20, 2016, the owner of the Phoenix Gold Project, Rubicon Minerals Corporation, announced a restructuring transaction under Canadian regulations. As part of the restructuring transaction, Royal Gold’s gold stream interest was terminated, and Royal Gold received a 1% NSR royalty over the project (now referred to as Bateman Gold) as well as other royalties over a significantly larger area of Red Lake than is occupied by the project. Refer to the Portfolio Details section of this Asset Handbook for a more complete description of the Company’s stream and royalty interests. Brief History of Portfolio Additions – Last 10 Years (Cont’d) Producing Development Evaluation Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 21