Property Location Ownership Royalty Rate Muratdagi Türkiye Kenz Enerji ve Madencilik San. Ve Tic. A.S. 2.0% NSR Tombul Türkiye Elaziğ Baskil Madencilik A.S. 2.0% NSR Yusufeli Türkiye Akdeniz Resources Madencilik A.S. 2.0% NSR (Au); 1.75% NSR (all other metals) (35) Ambrosia Lake United States Rio Algom Mining LLC 2.0% NVR Apex United States Teck Resources Limited/Pennaroya Utah 3.0% NSR (36) Ashby United States Silver North Resources Ltd. 1.0% NSR Aurora United States Hecla Mining Company 2.0% NSR Big W United States Barrick Mining Corporation 3.0% NSR Buckhorn South United States Barrick Mining Corporation 15.0% NPI (37) , 14.0% NPI (37) Copper Cliff United States Rio Tinto plc 1.5% NSR (38) Dixie Flats United States Orla Mining Ltd. 2.0% NSR Emma & Silva United States Pyramid Lake LLC 3.0% NSR (39) Francisco Marsano United States Leda Resources 1.0% NSR (40) Gold Hill United States Kinross Gold Corporation 0.6% to 0.9% NSR (M-ACE claims) (41) Golden Cloud United States Hecla Mining Company 3.0% NSR Goldstorm United States Seabridge Gold Inc. 1.5% NSR Gordon Creek United States Gordon Creek Energy Inc. 1.67%-10% GV (gas only) (42) Hona, Eagle and Triple Z United States Contango ORE, Inc. 3.0% NSR Horse Mountain United States Barrick Mining Corporation 0.25% NVR Hot Pot United States URZ3 Energy Corp. 1.25% NSR Kalium Canyon United States GreenLight Metals Inc. 1.0% NSR Keystone United States Holy Terror Mining Company 2.0% NSR Magmont United States Doe Run Resources Corporation One-half of the effective federal royalty, not to exceed 2.5% NSR Mammoth Kohinoor United States Big Spring Gold LLC 3.0% NSR (43) McDonald-Keep Cool United States Newmont Corporation 3.0% NSR Mule Canyon United States Newmont Corporation 5.0% NSR Nevada Properties United States Evolution Mining Limited 2.5% NSR North Star United States Orla Mining Ltd. 3.0% NSR Oro Blanco United States Pan American Silver Corporation 3.0% NSR Paiute United States McEwen Inc. 0.75% NSR Pinson – Other United States Barrick Mining Corporation 0.489% to 5.979% NSR (44) RF #1-8 (Railroad) United States Orla Mining Ltd. 3.0% NSR Rochester (Expansion) United States Coeur Mining, Inc. 3.0% NSR (35) In addition, a US$2 million payment is due on the sixth anniversary of commercial production. (36) Royalty is capped at $1 million. (37) The 15.0% NPI and the 14.0% NPI apply to different claims on the property. (38) Operator has the option to purchase 1.0% of the 1.5% NSR for $15 million; NSR is capped at $50 million. (39) Operator has the option, within one year of commencing commercial production, to purchase all or part of the 3.0% NSR, for $500,000 per 1.0% increment thereof. (40) Operator has the right to reduce the 1.0% NSR to 0.5% within 90 days of the completion of an initial PFS, for $250,000. (41) Royalty is based on sliding scale, which caps at 0.9% at gold prices above $400 per ounce. (42) The GOR will be reduced to 2.0% GOR after US$30 million in payments attributed to the Overriding Royalty Interest and the Additional Overriding Royalty Interest. Operator has the option to purchase the Additional Overriding Royalty Interest for US$6 million, reducing it to zero upon payment. (43) Operator has the option to buydown the 3.0% NSR in 1.0% increments within one year of commencing commercial production. The first 1.0% increment costs $200,000, and the second 1.0% increment costs $300,000. (44) Royalty rate varies depending on pre-existing royalties (max of 6.0%). 192 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS