Kutcho Creek OPERATOR Kutcho Copper Corp. COUNTRY: Canada MINE LIFE: 11 years (1) METAL(S): Copper, Zinc, Silver, Gold ROYALTY: 2.0% NSR (all metals) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. Kutcho Creek is a copper project, owned by Kutcho Copper Corp. (“Kutcho Copper”). Kutcho Creek is located in northern British Columbia, approximately 8 kilometers east of Kutcho Creek and 100 kilometers east of Dease Lake. In November of 2021, Kutcho Copper announced the results of a FS for the Kutcho Copper Project with expected production of 533 million pounds of copper, 841 million pounds of zinc, 10.6 million ounces of silver, and 129,700 ounces of gold over its mine life. (1) Royal Gold holds a 2.0% NSR royalty on all metals produced from areas subject to our royalty interest at Kutcho Creek. Royal Gold acquired this royalty interest effective October 1, 2008, as part of the acquisition of a royalty portfolio from Barrick Mining Corporation. For more information, please visit: www.kutcho.ca (1) Source: Kutcho Copper, 2021 FS. (2) Mineral Resources and reserves details for Kutcho Creek are provided in the Mineral Resources and Reserves section of this document, if available. North Timmins OPERATOR Gowest Gold Ltd. COUNTRY: Canada MINE LIFE: 8.5 years (1) METAL(S): Gold ROYALTY: 1.0% GSR (all metals) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. The North Timmins Gold Project is located approximately 32 kilometers north-northeast of the City of Timmins, Ontario. A PFS was completed in 2015 on the Bradshaw gold deposit, the most advanced gold project within the extensive property. The study evaluated an underground mine accessible by decline from surface with the primary mining method being longitudinal long-hole stoping with unconsolidated and cemented crushed backfill. As per the PFS, the project is expected to produce an average of 40,500 ounces of gold per year. (1) Royal Gold owns a 1.0% GSR royalty on metals produced from the North Timmins project. Royal Gold acquired the North Timmins royalty effective October 20, 2025, with the acquisition of Sandstorm Gold Ltd. For more information, please visit: www.gowestgold.com (1) Source: Gowest, 2015 PFS. (2) Mineral Resources and reserves details for North Timmins are provided in the Mineral Resources and Reserves section of this document, if available. Royal Gold | 2025/2026 Asset Handbook 153 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS