Lamaque OPERATOR Eldorado Gold Corporation COUNTRY: Canada MINE LIFE: 2033 (1) METAL(S): Gold ROYALTY: 2.0% NSR (all metals) REVENUE TO ROYAL (2025): N/A INVESTMENT RECOVERED: N/A REVENUE TO ROYAL GOLD SINCE OCT. 20, 2025: N/A The Lamaque Complex is located in the prolific Val d’Or mining district of Québec. The Lamaque Complex includes the Triangle mine (upper and lower zones), the Ormaque mine, within the Ormaque deposit, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Commercial production was declared at the Triangle deposit on March 31, 2019, and has since produced over one million ounces of gold. Royal Gold owns a 2.0% NSR royalty on metals produced from portions of the Triangle deposit. Royal Gold acquired the Lamaque royalty effective October 20, 2025, with the acquisition of Sandstorm Gold Ltd. For more information, please visit: www.eldoradogold.com (1) Source: Eldorado Gold, Corporate Website. (2) Mineral Resources and reserves details for Lamaque are provided in the Mineral Resources and Reserves section of this document, if available. Macassa OPERATOR Agnico Eagle Mines Limited COUNTRY: Canada MINE LIFE: 2031 (1) METAL(S): Gold ROYALTY: 2.0% NSR (all metals) REVENUE TO ROYAL (2025): $0.6 million INVESTMENT RECOVERED: N/A REVENUE TO ROYAL GOLD SINCE OCT. 20, 2025: $0.6 million The Macassa Mine Complex is located approximately 610 meters southeast of the #2 shaft at the Macassa Mine Complex, in Kirkland Lake, Ontario. The Macassa Mine Complex is owned and operated by Agnico Eagle Mines Limited. Royal Gold owns a 2.0% NSR royalty on all metals produced from the HM Claim. Royal Gold acquired the Macassa royalty effective October 20, 2025, with the acquisition of Sandstorm Gold Ltd. For more information, please visit: www.agnicoeagle.com (1) Source: Agnico Eagle, 2024 Annual Information Form. (2) Mineral Resources and reserves details for Macassa are provided in the Mineral Resources and Reserves section of this document, if available. Royal Gold | 2025/2026 Asset Handbook 95 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS