Goldstrike OPERATOR Barrick Mining Corporation COUNTRY: United States MINE LIFE: Detail not publicly disclosed by operator. (1) METAL(S): Gold ROYALTY: 0.9% NSR (all metals) REVENUE TO ROYAL (2025): $1.1 million INVESTMENT RECOVERED: 416% REVENUE TO ROYAL GOLD SINCE INCEPTION: $86.5 million Goldstrike is an open-pit and underground operation, held within the Barrick-operated Nevada Gold Mines LLC, a joint venture between Barrick Mining Corporation (61.5%) and Newmont Corporation (38.5%). Goldstrike is located within the northern Carlin Trend in Eureka and Elko Counties, Nevada, approximately 50 kilometers northwest of the town of Elko. The Carlin Trend is an alignment of gold mines located in a northwest-southeast belt extending eight kilometers wide and 65 kilometers long, which accounts for more gold production than any other mining district in the United States. Royal Gold owns a 0.9% NSR royalty on all metals produced from the SJ Claims, which cover part of the Betze-Post pit. Royal Gold acquired the Goldstrike royalty in December 2002, through the acquisition of High Desert Mineral Resources. For more information, please visit: www.barrick.com (1) Provided for NGM’s Carlin Complex and not Goldstrike specifically. (2) Mineral Resources and reserves details for Goldstrike are provided in the Mineral Resources and Reserves section of this document, if available. Johnson Camp OPERATOR Gunnison Copper Corp. COUNTRY: United States MINE LIFE: 2047 (1) METAL(S): Copper ROYALTY: 2.5% NSR (all metals) REVENUE TO ROYAL (2025): $0.1 million INVESTMENT RECOVERED: 7% REVENUE TO ROYAL GOLD SINCE INCEPTION: $0.3 million The Johnson Camp Mine (“JCM”) is owned by Gunnison Copper Corp. (“Gunnison”) and is located in a sparsely populated ranching and mining area about 105 kilometers by road east of Tucson, Arizona. In August 2025, Gunnison announced the successful start-up of its SX-EW plant, capable of producing 25 million pounds of copper cathode per year, and achieved first copper production from the Johnson Camp Mine at the end of the month. Furthermore, in December 2025, Gunnison announced first copper produced using Rio Tinto’s Nuton Technology. 2 Royal Gold holds a 2.5% NSR royalty on all metals produced from Johnson Camp. Royal Gold acquired the Johnson Camp 2.5% NSR royalty on February 22, 2010, with the acquisition of International Royalty Corporation. For more information, please visit: www.gunnisoncopper.com (1) Source: Gunnison, February 2025 Corporate Presentation. (2) Source: Gunnison, December 4, 2025, Press Release. (3) Mineral Resources and reserves details for Johnson Camp are provided in the Mineral Resources and Reserves section of this document, if available. 94 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS