ò Producing ò Development ò Evaluation ò Exploration BRITISH COLUMBIA (CANADA) British Columbia is one of Canada’s most diverse and geologically rich mining jurisdictions. British Columbia hosts multiple deposit types and metals, including copper, gold, silver, molybdenum, and metallurgical coal. It has been a historically important mining region that is now re-emerging as a major global source of gold, copper and critical metals. BC by the Numbers: • Mining of high-grade deposits began in the early 1850’s with the gold rush, and a shift occurred in the 1950’s to the mining of large-scale porphyry deposits, which often have multi-decade mine lives. • Mining contributes approximately 2-3% of the province’s total GDP and accounts for 35,000 to 40,000 direct jobs. Royal Gold in BC by the Numbers: • Royal Gold has over 10 interests in the Golden Triangle region of Northwest British Columbia. • The Red Chris block cave project has been designated by the Government of Canada as one of five projects of national significance. • The Mount Milligan mine is Royal Gold’s largest revenue source, and contributed $224 million of revenue in 2025. Mount Milligan was also selected by the Province of British Columbia to qualify for expedited permitting to support economic development in the province. 16 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS