Our Counterparties Royal Gold’s operating counterparties include some of the largest and most well-known mining companies in the world. 2024 REVENUE DISTRIBUTION ACROSS TOP COUNTERPARTIES 26% $186 million 19% $134 million 1 11% $79 million 1 7% $48 million 6% $46 million 5% $34 million 7% $49 million 5% $39 million 2% $17 million 12% $89 million Others 1 Revenue generated from Cortez, Goldstrike, Leeville and Twin Creeks has been allocated to Barrick and Newmont based on their respective interests in Nevada Gold Mines. Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 19