CHILE Alturas The Alturas Project is located in Region IV of Chile, approximately 30 kilometers south of the former El Indio mine, and is owned and operated by Barrick Gold Corporation (“Barrick”). Barrick announced the discovery of Alturas in early 2015, and mineralization extends across the border into Argentina. ROYALTY OPERATOR Barrick Gold Corporation MINERALIZATION STYLE High-Sulfidation Epithermal Au ROYALTY Up to a 1.06% NSR (gold), up to a 1.59% NSR (copper) YEAR OF ACQUISITION 2020 TERM OF ROYALTY Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE Detail not publicly disclosed by operator. Development Update The Alturas resource contains approximately 5.8 million ounces of gold. At this time, Barrick has not outlined detailed plans to advance the Alturas Project. Royal Gold’s Royalty Interest On January 29, 2020, Royal Gold entered into an agreement with various private individuals for the acquisition of up to a 1.06% net smelter return (NSR) royalty on gold and up to a 1.59% NSR royalty on copper produced from areas subject to our royalty interest at the Alturas Project. Total consideration for the royalty is up to $41 million, of which $11 million was paid on January 29, 2020. A future payment of up to $20 million is conditioned based on a project construction decision by Barrick and the size of the mineral reserve on the date of the construction decision. A further future payment of up to $10 million will be made upon first production from the mining concessions. MINERAL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable – – Measured and Indicated 2,200 23 Inferred 3,600 38 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 11 for a description of AGEO calculation methodology. PROJECT OUTLOOK Detail not publicly disclosed by operator. Acquisition Cost US$M $11.3 Net Book Value US$M $11.3 ROYAL GOLD 2024 Asset Handbook 158 For more information, please visit: www.barrick.com