AUSTRALIA Gwalia Gwalia is an underground and open-pit mine, located in the Leonora Region of Western Australia, approximately 240 kilometers north of Kalgoorlie, and is a part of Genesis’ Lenora Gold Project (“LGP”). Gwalia is owned and operated by Genesis Minerals (Leonora) Pty Ltd, a wholly-owned subsidiary of Genesis Minerals Limited (“Genesis”). OPERATOR Genesis Minerals Limited MINERALIZATION STYLE Orogenic Au MINE TYPE Open-pit & Underground METAL(S) Gold PRODUCT Doré ROYALTY 1.5% NSR (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALTY Life of Mine MINE LIFE 2039 (1) Operational Overview Gwalia is Australia’s deepest underground gold mine and the deepest ramp access mine in the world. The mining method is long-hole open-stoping with paste backfill. The processing plant is a conventional CIP circuit and has a nominal capacity of 1.2 Mtpa of hard rock and up to 1.8 Mtpa, when softer material is blended. Other surface infrastructure includes a gas-fired power station, a paste-fill plant, and a refrigeration plant to cool the underground environment. 2026 OPERATOR GUIDANCE Current production is approximately 120,000 to 130,000 ounces per annum. (2) LONGER-TERM OPERATOR OUTLOOK Gwalia is the cornerstone of the LGP and is expected to contribute ~70% of LGP’s five-year production outlook, which is 120,000 to 140,000 ounces per annum. (3) Royal Gold’s Royalty Interest Royal Gold owns a 1.5% NSR royalty on all metals produced from the Gwalia mine. On February 22, 2010, Royal Gold announced it closed its acquisition of International Royalty Corporation, which included the 1.5% NSR royalty on Gwalia. (1) Source: Genesis, September 16, 2024 Conference Transcript. (2) Source: Genesis, November 2025 Corporate Presentation. (3) Source: Genesis, March 21, 2024, Five-year Strategic Plan. (4) Source: Genesis, November 11, 2024, Press Release. (5) Source: Genesis, January 29, 2026, Report. 130 Royal Gold | 2025/2026 Asset Handbook ROYALTY INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS