Bateman OPERATOR Evolution Mining Limited COUNTRY: Canada MINE LIFE: 7 years (1) METAL(S): TBD ROYALTY: 1.0% NSR (all metals) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. The Bateman Gold Project is an underground development project owned and operated by Evolution Mining Limited (“Evolution”). The Bateman Gold Project is located in the southwestern part of Bateman Township within the Red Lake mining district of northwestern Ontario, Canada, approximately 150 kilometers northwest of Dryden, Ontario. Royal Gold holds a 1.0% NSR royalty on all metals produced from the Bateman Gold Project. Royal Gold acquired this royalty interest on December 20, 2016. For more information, please visit: www.evolutionmining.com (1) Source: Battle North Corporation, 2020 FS (excludes 1.2 years of pre-commercial production). (2) Mineral Resources and reserves details for Bateman are provided in the Mineral Resources and Reserves section of this document, if available. Hasbrouck Mountain OPERATOR West Vault Mining Inc. COUNTRY: United States MINE LIFE: 8.7 years (1) METAL(S): Gold ROYALTY: 1.5% NSR (all metals) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. Hasbrouck Mountain is an open-pit development project owned by WK Mining (USA) Ltd., a subsidiary of West Vault Mining Inc. (“West Vault”). Hasbrouck Mountain is located in the northern portion of Esmeralda County, Nevada, approximately eight kilometers south of Tonopah, Nevada. On March 8, 2023, West Vault filed a PFS for the Hasbrouck Project which estimates average annual gold production of 70,000 ounces and silver production of 319,000 ounces over its mine life. (1) Royal Gold holds a 1.5% NSR royalty on all metals produced from Hasbrouck Mountain. Royal Gold acquired this royalty as part of its acquisition of International Royalty Corporation, which was completed on February 22, 2010. For more information, please visit: www.westvaultmining.com (1) Source: West Vault Mining, 2023 PFS. (2) Mineral Resources and reserves details for Hasbrouck Mountain are provided in the Mineral Resources and Reserves section of this document, if available. 152 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS