UNITED STATES Marigold Marigold is an open-pit gold mine located in southern Humboldt County, Nevada, in the northern foothills of the Battle Mountain Range, approximately 60 kilometers east of the town of Winnemucca and five kilometers south-southwest of the town of Valmy. Marigold is owned and operated by Marigold Mining Company, a wholly- owned subsidiary of SSR Mining, Inc. (“SSR Mining”). OPERATOR SSR Mining Inc. MINERALIZATION STYLE Carlin-Type Sediment- Hosted Au MINE TYPE Open-pit METAL(S) Gold PRODUCT Doré ROYALTY 2.0% NSR (all metals) YEAR OF ACQUISITION 2008 TERM OF ROYALTY Life of Mine MINE LIFE 2032 (1) Operational Overview In production since 1989, Marigold is a large, ROM heap leach operation with several open-pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility. Currently the mine utilizes a fleet of 290-tonne haul trucks and loading units. The Marigold processing plant combines industry standard ROM heap leaching, carbon adsorption, carbon desorption and electrowinning circuits to produce a final precious metal (doré) product. 2026 OPERATOR GUIDANCE 170,000 to 200,000 ounces of gold. (2) LONGER-TERM OPERATOR OUTLOOK As per its five-year production outlook provided in February 2024, Marigold is expected to produce 240,000 to 270,000 ounces of gold in 2027; and 220,000 to 250,000 ounces of gold in 2028. (3) Royal Gold’s Royalty Interest Royal Gold holds a 2.0% NSR royalty on all metals produced from areas subject to our royalty interest at the Marigold mine. On February 22, 2008, Royal Gold announced it completed the acquisition of the 2.0% NSR royalty on Marigold from AngloGold Ashanti (USA) Exploration. (1) Source: SSR Mining, February 13, 2024, Press Release: 9-year mine life, 15 years of total production including residual leaching. (2) Source: SSR Mining, February 17, 2026, Press Release. (3) Source: SSR Mining, February 13, 2024, Press Release. (4) Source: SSR Mining, 2025 Annual Report on Form 10-K. Royal Gold | 2025/2026 Asset Handbook 73 ROYALTY INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS