NuevaUnión OPERATOR Teck Resources Ltd. COUNTRY: Chile MINE LIFE: 38 years (1) METAL(S): Copper, Gold, Molybdenum ROYALTY: 1.4% NSR (all metals) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. NuevaUnión is a 50/50 joint venture between Teck Resources Ltd. and Newmont Corporation, located in Region III of Chile, and consists the respective Relincho and La Fortuna projects (located approximately 40 kilometers apart). A PFS on the NuevaUnión Project was completed in early 2018 with the Relincho and La Fortuna deposits envisioned to be conventional open-pit mining operations and estimated to average annual production of 224,000 tonnes of copper, 269,000 ounces of gold, and 1,700 tonnes of molybdenum in concentrate over the first 5 years of operation. (2) Royal Gold holds a 1.4% NSR royalty on all metals produced from NuevaUnión. Royal Gold acquired the NuevaUnión royalty from Xstrata Copper Chile S.A. on August 7, 2013. The La Fortuna area includes two known separate zones of porphyry style, copper-gold mineralization; La Fortuna and El Negro. Royal Gold estimates its royalty covers approximately 30% of the La Fortuna deposit. For more information, please visit: www.teck.com (1) Source: Newmont Corporation, Corporate Website. (2) Source: Teck Resources Ltd., April 24, 2018, Press Release. (3) Mineral Resources and reserves details for NuevaUnión are provided in the Mineral Resources and Reserves section of this document, if available. Royal Gold | 2025/2026 Asset Handbook 161 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS