| ATTRIBUTES OF | PORTFOLIO | EXPECTED PERFORMANCE | PORTFOLIO | REFERENCE | | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | Property | Location | Ownership | Royalty Rate | | Muratdagi | Türkiye | Kenz Enerji ve Madencilik San. Ve Tic. A.S. | 2.0% NSR | | Tombul | Türkiye | Elaziğ Baskil Madencilik A.S. | 2.0% NSR | Yusufeli Türkiye Akdeniz Resources Madencilik A.S. 2.0% NSR (Au); 1.75% NSR (all other metals)(35) Ambrosia Lake United States Rio Algom Mining LLC 2.0% NVR | Apex | United States | Teck Resources Limited/Pennaroya Utah | 3.0% NSR(36) | | Ashby | United States | Silver North Resources Ltd. | 1.0% NSR | | Aurora | United States | Hecla Mining Company | 2.0% NSR | | Big W | United States | Barrick Mining Corporation | 3.0% NSR | Buckhorn South United States Barrick Mining Corporation 15.0% NPI(37), 14.0% NPI(37) Copper Cliff United States Rio Tinto plc 1.5% NSR(38) Dixie Flats United States Orla Mining Ltd. 2.0% NSR | Emma & Silva | United States | Pyramid Lake LLC | 3.0% NSR(39) | | Francisco Marsano | United States | Leda Resources | 1.0% NSR(40) | | Gold Hill | United States | Kinross Gold Corporation | 0.6% to 0.9% NSR (M-ACE | | claims)(41) | | Golden Cloud | United States | Hecla Mining Company | 3.0% NSR | | Goldstorm | United States | Seabridge Gold Inc. | 1.5% NSR | | Gordon Creek | United States | Gordon Creek Energy Inc. | 1.67%-10% GV (gas only)(42) | | Hona, Eagle and Triple Z | United States | Contango ORE, Inc. | 3.0% NSR | | Horse Mountain | United States | Barrick Mining Corporation | 0.25% NVR | | Hot Pot | United States | URZ3 Energy Corp. | 1.25% NSR | | Kalium Canyon | United States | GreenLight Metals Inc. | 1.0% NSR | | Keystone | United States | Holy Terror Mining Company | 2.0% NSR | | Magmont | United States | Doe Run Resources Corporation | One-half of the effective | | federal royalty, not to exceed | | 2.5% NSR | | Mammoth Kohinoor | United States | Big Spring Gold LLC | 3.0% NSR(43) | | McDonald-Keep Cool | United States | Newmont Corporation | 3.0% NSR | | Mule Canyon | United States | Newmont Corporation | 5.0% NSR | | Nevada Properties | United States | Evolution Mining Limited | 2.5% NSR | | North Star | United States | Orla Mining Ltd. | 3.0% NSR | | Oro Blanco | United States | Pan American Silver Corporation | 3.0% NSR | | Paiute | United States | McEwen Inc. | 0.75% NSR | | Pinson – Other | United States | Barrick Mining Corporation | 0.489% to 5.979% NSR(44) | | RF #1-8 (Railroad) | United States | Orla Mining Ltd. | 3.0% NSR | | Rochester (Expansion) | United States | Coeur Mining, Inc. | 3.0% NSR | (35) In addition, a US$2 million payment is due on the sixth anniversary of commercial production. (36) Royalty is capped at $1 million. (37) The 15.0% NPI and the 14.0% NPI apply to different claims on the property. (38) Operator has the option to purchase 1.0% of the 1.5% NSR for $15 million; NSR is capped at $50 million. (39) Operator has the option, within one year of commencing commercial production, to purchase all or part of the 3.0% NSR, for $500,000 per 1.0% increment thereof. (40) Operator has the right to reduce the 1.0% NSR to 0.5% within 90 days of the completion of an initial PFS, for $250,000. (41) Royalty is based on sliding scale, which caps at 0.9% at gold prices above $400 per ounce. (42) The GOR will be reduced to 2.0% GOR after US$30 million in payments attributed to the Overriding Royalty Interest and the Additional Overriding Royalty Interest. Operator has the option to purchase the Additional Overriding Royalty Interest for US$6 million, reducing it to zero upon payment. (43) Operator has the option to buydown the 3.0% NSR in 1.0% increments within one year of commencing commercial production. The first 1.0% increment costs $200,000, and the second 1.0% increment costs $300,000. (44) Royalty rate varies depending on pre-existing royalties (max of 6.0%). 192 Royal Gold / 2025/2026 Asset Handbook