Twin Creeks OPERATOR Barrick Mining Corporation COUNTRY: United States MINE LIFE: 2030 (1) METAL(S): Gold ROYALTY: 2.0% GPR (gold only) REVENUE TO ROYAL (2025): $0.1 million INVESTMENT RECOVERED: 220% REVENUE TO ROYAL GOLD SINCE INCEPTION: $5.6 million Twin Creeks is an open-pit mine, held within the Barrick-operated Nevada Gold Mines LLC, a joint venture between Barrick Mining Corporation (61.5%) and Newmont Corporation (38.5%). Twin Creeks is located in Humboldt County, Nevada, approximately 125 kilometers northwest of Elko. Under the joint venture, Barrick’s Turquoise Ridge mine and Newmont’s Twin Creeks Complex were combined as a single operation, now known as Turquoise Ridge. Royal Gold holds a 2.0% GPR, where royalty payments are made on contained ounces rather than recovered ounces, on gold produced from areas subject to our royalty interest at the Twin Creeks mine. 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.barrick.com (1) Source: NGM, 2020 Technical Report. (2) Mineral Resources and reserves details for Twin Creeks are provided in the Mineral Resources and Reserves section of this document, if available. Williams OPERATOR Hemlo Mining Corp. COUNTRY: Canada MINE LIFE: Detail not publicly disclosed by operator. (1) METAL(S): Gold ROYALTY: 0.97% NSR (all metals) REVENUE TO ROYAL (2025): $2.8 million INVESTMENT RECOVERED: 403% REVENUE TO ROYAL GOLD SINCE INCEPTION: $30.2 million Williams is an underground and open-pit gold mining operation, located in northwestern Ontario, Canada, approximately 350 kilometers east of the city of Thunder Bay. Williams is part of the larger Hemlo Gold mine. Hemlo Gold mine is owned and operated by Hemlo Mining Corp. (“Hemlo”). On November 26, 2025, Hemlo completed the acquisition of the Hemlo Gold mine from Barrick Mining Corporation. Royal Gold holds a 0.97% NSR royalty on all metals produced from areas subject to our royalty interest at the Williams mine. Royal Gold acquired its 0.97% NSR royalty interest through two transactions: • Royal Gold acquired a 0.72% NSR interest at Williams on October 25, 2007, as part of the acquisition of Battle Mountain Gold Exploration Corporation. • Royal Gold acquired a 0.25% NSR interest at Williams, effective February 22, 2010, with the acquisition of International Royalty Corporation. For more information, please visit: www.barrick.com (1) Provided for Hemlo Gold mine and not Williams specifically. (2) Mineral Resources and reserves details for Williams are provided in the Mineral Resources and Reserves section of this document, if available. Royal Gold | 2025/2026 Asset Handbook 99 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS