| ATTRIBUTES OF | PORTFOLIO | EXPECTED PERFORMANCE | PORTFOLIO | REFERENCE | | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | 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 and, in some cases, 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) | Property | Mine Life (in Years)(1) | | PRODUCING | PRODUCING (CONT'D) | | Allan | 2076 | Ruby Hill | 10 years UG, 16.5 years OP | | Andacollo | 2038 | Santa Elena | 2027 | | Antamina | 2036 | Twin Creeks | 2030 | | Aurizona | 2032 | Vale Northern and | 2077 (Northern System), 2057 | | Back River Gold District | 2033 | Southeastern Systems | (Southeastern System) | | Bald Mountain | 2032 | Voisey's Bay | 2038 | | Bayan Khundii | 2032 | Wassa | 2028 | | Bellevue | 2033 | Wharf | 2037 | | Black Fox | 2026 | Woodlawn | 2035 | | Blyvoor | 2058 | Xavantina | 2032 | | Bonikro | 2029 | | Canadian Malartic | 2042 | DEVELOPMENT | | Caserones | 2040 | | Bateman Gold | 7 | | Cerro Prieto | 2031 | | Cactus | 22 | | Chapada | 2051 | | Castelo de Sonhos | 11 | | Copper Mountain | 2043 | | Corani | 15 | | Coringa | 2034 | | Don Mario | 6-7 | | Cortez | 2044 | | Hasbrouck Mountain | 8.7 | | Côté Gold | 2041 | | Hod Maden | 10 | | Don Nicolas | 2029 | | Horne 5 | 15 | | El Limón | 2029 | | Ilovica | 20 | | Fruta del Norte | 2037 | | Granite Creek | 2032 UG, 10 years OP | Kundip | 6 | | Kutcho Creek | 11 | | Greenstone | 2039 | | La India | 12 | | Gwalia | 2039 | | Las Cruces | 20 | | Houndé | 2037 | | Johnson Camp | 2047 | Lawyers-Ranch | 15 | | Lobo-Marte | 16 | | Kansanshi | 2050 | | Marban | 12 | | Khoemacau | 2040 | | North Timmins | 9 | | King Of The Hills | 2037 | | NuevaUnión | 38 | | Lamaque | 2033 | | Oyu Tolgoi | 31 | | LaRonde Zone 5 | 2036 | | Platreef | 35 | | Macassa | 2031 | | Troilus | 22 | | Manh Choh | 2029 | | Warintza | 22 | | Mara Rosa | 2033 | | Marigold | 2032 | | Mercedes | 2033 | EVALUATION | | Mount Milligan | 2045 | Berg | 30 | | Peñasquito | 2033 | Great Bear | 12 | | Pueblo Viejo | 2049 | Kerr-Sulphurets-Mitchell | 72 | | Rainy River | 2035 | MARA | 23 | | Red Chris | 2050 | Omai | 13 | | Robinson | 2037 | Minyari | 10 | 32 Royal Gold / 2025/2026 Asset Handbook