Property Location Ownership Royalty Rate Gold River Canada Pan American Silver Corporation 1.5% NSR Great Bear Canada Kinross Gold Corporation 2.0% NSR High Lake Canada MMG Limited 1.5% NSR (10) Holt Canada Agnico Eagle Mines Limited 0.00013 x Au price NSR Horizon Coal Canada Conuma Resources Ltd. 0.50% GV (coal) Long Lake Canada Canterra Minerals 2.0% NSR Mel Canada Silver Range Resources Ltd. 1.0% NSR Ming Canada FireFly Metals Ltd. 1.0% NSR North Island Canada Northisle Copper and Gold Inc. 10.0% NPI Pickle Crow Canada FireFly Metals Ltd. 0.5% NSR Point Leamington Canada Visionary Copper and Gold Mines, Inc. 1.5% NSR Ruddock Creek Canada Imperial Minerals Corporation 1.0% NSR Schaft Creek Canada Teck Resources Ltd. 3.5% NPI Seymour Lake Canada Green Technology Metals Limited 1.5% NSR Shasta Canada TDG Gold Corp. 0.5% NSR South Tally / Lemarchant Canada Canterra Minerals Corporation 2.0% NSR Ulu Canada Blue Star Gold Corp. 5.0% NSR (11) Wolverine Canada Yukon Zinc Corporation 0.0% to 9.445% (12) Yellowknife Lithium Canada Li-FT Power Ltd. 2.0% NPI Alturas Chile Boroo Pte.Ltd. Up to a 1.06% NSR (Au), up to a 1.59% NSR (Cu) Pascua-Lama Chile Barrick Mining Corporation 0.81% to 5.45% NSR (Au) (13), (14) , 1.09% NSR (Cu) (15) Abu Marawat Egypt Aton Resources Inc. 1.0% NSR Kubi Village Ghana Asante Gold Corporation 3.0% NPI (16) Tambor Guatemala Kappes, Cassiday & Associates 4.0% NSR (17) Omai Guyana Omai Gold Mines Corp. 1.0% NSR Nieves Mexico Blackberry Ventures 1, LLC 2.0% NSR Alto Paraná Paraguay Uranium Energy Corporation 1.0% NSR Los Chancas Peru Southern Copper Corporation 0.375% NSR Tavsan Türkiye Zenit Madencilik 1.0% to 2.0% (Au); 2% (all other metals) (18) Doby George United States Western Exploration Inc. 2.0% NSR (19) (10) Operator has option to purchase 0.5% of the 1.5% NSR for $1 million. (11) Royalty applies to production above 675,000 ounces. (12) Gold royalty rate is based on the price of silver per ounce. NSR sliding-scale schedule (price of silver per ounce – royalty rate): Below $5.00 – 0.0%; $5.00 to $7.00 – 3.778%; above $7.50 – 9.445%. (13) Royalty applies to all gold production from an area of interest in Chile. Approximately 20% of the royalty is limited to the first 14.0 million ounces of gold produced from the project. Also, 24% of the royalty can be extended beyond 14.0 million ounces produced for $4.4 million. In addition, a one-time payment totaling $8.4 million will be made if gold prices exceed $600 per ounce for any six-month period within the first 36 months of commercial production. (14) NSR sliding-scale schedule (price of gold per ounce – royalty rate): less than or equal to $325 – 0.78%; $400 – 1.57%; $500 – 2.72%; $600 – 3.56%; $700 – 4.39%; greater or equal to $800 – 5.23%. Royalty is interpolated between lower and upper production endpoints. (15) Royalty applies to all copper production from an area of interest in Chile. (16) Operator has the right to purchase the entire 3.0% NPI for $2 million within 6 months of a FS. (17) Operator has the right to purchase 2.0% of the 4.0% NSR for $2 million within 24 months of commercial production. (18) The 1.0% to 2.0% NSR on gold and silver pays 1.0% on first 100,000 ounces gold and silver, 1.5% on the next 100,000 ounces of gold and silver, 2.0% thereafter. (19) The 2.0% NSR becomes payable once 400,000 ounces have been produced. 186 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS