Allan OPERATOR Nutrien Ltd. COUNTRY: Canada MINE LIFE: 2076 (1) METAL(S): Potassium Chloride ROYALTY: $0.36 to $1.44 per ton (potash), $0.25 per ton (potash) REVENUE TO ROYAL (2025): $1.3 million INVESTMENT RECOVERED: 112% REVENUE TO ROYAL GOLD SINCE INCEPTION: $19.0 million Allan is an underground mining operation. Potash ore is processed and concentrated on surface. Both flotation and crystallization methods are used at Allan to produce potash products. Potash products are shipped to markets in North America and offshore. The Allan mine has an annual nameplate capacity of 4.0 million tonnes of finished product. Royal Gold holds a 40% interest on a sliding-scale royalty on the Allan mine. The royalty rate varies based on annual potash production and the sliding-scale caps at $1.44 per ton at prices above $23. The royalty is 100% of the sliding scale for the first 600,000 attributable tons produced during a year. For 600,000 to 800,000 tons, the royalty reduces to 50%. For additional production during the year, the royalty rate is 25% of the $1.44 per ton. Also, Royal Gold holds 40% of an additional royalty, which pays $0.25 per ton of attributable potash sold for the first 600,000 attributable tons, or a maximum of $150,000 per annum. Royal Gold acquired these royalty interests effective October 1, 2008, as part of the acquisition of a royalty portfolio from Barrick Mining Corporation. For more information, please visit: www.nutrien.com (1) Source: Nutrien, 2025 Annual Information Form. (2) Mineral resources and reserves details for Allan are provided in the Mineral Resources and Reserves section of this document, if available. Canadian Malartic OPERATOR Agnico Eagle Mines Limited COUNTRY: Canada MINE LIFE: 2042 (1) METAL(S): Gold ROYALTY: 1.0% to 1.5% Sliding-Scale NSR (gold only) REVENUE TO ROYAL (2025): $1.3 million INVESTMENT RECOVERED: 217% REVENUE TO ROYAL GOLD SINCE INCEPTION: $84.0 million Canadian Malartic is an open-pit and underground mine owned and operated by Agnico Eagle Mines Limited. Canadian Malartic located on the southern edge of the Town of Malartic in the Abitibi region of Quebec. Open-pit mining in the Canadian Malartic pit was completed in 2023 and is continuing in the Barnat pit. Underground operations achieved first production in March 2023. Royal Gold holds a 1.0% to 1.5% sliding-scale NSR royalty on Canadian Malartic as part of the acquisition of a royalty portfolio from Barrick Mining Corporation on July 31, 2008. Royal Gold’s royalty applies to gold production from certain claims included in the Canadian Malartic property, which includes the Canadian Malartic mine. At a gold price below $350 per ounce the royalty rate is 1.0%, which increases to 1.5% at a gold price equal to or above $350 per ounce. For more information, please visit: www.agnicoeagle.com (1) Source: Agnico Eagle, 2024 Annual Information Form. The Canadian Malartic pit was depleted in the second quarter of 2023. Royal Gold expects processing of Canadian Malartic pit stockpiles to continue for at least the next decade. (2) Mineral resources and reserves details for Canadian Malartic are provided in the Mineral Resources and Reserves section of this document, if available. Royal Gold | 2025/2026 Asset Handbook 89 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS