UNITED STATES Granite Creek Granite Creek (formerly Pinson) is an underground and open-pit gold mine, located in the Potosi Mining District in southeastern Humboldt County, Nevada, approximately 44 kilometers northeast of Winnemucca. Granite Creek is owned by Osgood Mining Company, LLC., a subsidiary of i-80 Gold Corp (“i-80”). OPERATOR i-80 Gold Corp. MINERALIZATION STYLE Carlin-Type Sediment-Hosted Au MINE TYPE Open-pit & Underground METAL(S) Gold PRODUCT Doré ROYALTY Various (see map below for details) (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALTY Life of Mine MINE LIFE 2032 (Underground), 10 years (Open-pit) Operational Overview Granite Creek hosts both high grade open-pit and underground mineral resources and remains open at depth and along strike from the existing underground workings. The Granite Creek underground mine is currently producing, and the open-pit project is undergoing a permitting and technical study. 2026 OPERATOR GUIDANCE 30,000-40,000 ounces of gold from the underground (1) . LONGER-TERM OPERATOR OUTLOOK i-80 expects annual gold production of approximately 60,000 ounces over an eight year mine life for the underground mine, and approximately 130,000 ounces from the open-pit after ramping up to full production starting in 2030. (1) Royal Gold’s Royalty Interest Royal Gold holds various royalties pursuant to two separate agreements. Royal Gold acquired the Granite Creek royalties effective February 22, 2010, with the acquisition of International Royalty Corporation . (1) Source: i-80, February 19, 2026, Press Release. (2) Source: i-80, March 6, 2025, Investor Day Presentation. (3) Source: i-80, November 12, 2025, Press Release. Royal Gold | 2025/2026 Asset Handbook 63 ROYALTY INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS