Brief History of Portfolio Additions – Last 10 Years (Cont’d) Producing Development Evaluation 2022 LAWYERS-RANCH Canada OPERATOR Thesis Gold and Silver Inc. ACQUISITION COST $8 million TERM Life of mine ROYALTY INTEREST 0.5% NSR royalty and right of first offer (ROFO) on 2.0% NSR royalty on adjacent Ranch Project CORTEZ United States OPERATOR Barrick Mining Corp. ACQUISITION COST $525 million TERM Life of mine ROYALTY INTEREST 0% to 3% sliding-scale GV royalty payable on 40% of all production from the Cortez Complex GREAT BEAR Canada OPERATOR Kinross Gold Corporation ACQUISITION COST $152 million TERM Life of mine ROYALTY INTEREST 2.0% NSR royalty CORTEZ United States OPERATOR Barrick Mining Corp. ACQUISITION COST $204 million TERM Life of mine ROYALTY INTERESTS 0.24% GSR royalty (Legacy Zone) and 0.45% GSR royalty (CC Zone) 22 Royal Gold | 2025/2026 Asset Handbook 2022 2022 2022 2022 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS