DEVELOPMENTS AND POTENTIAL Red Chris gold production is expected to increase by approximately 50% in 2025, driven by the mining and processing of higher grade ore, while copper production is also expected to be higher in 2025 due to mine sequencing. Newmont is advancing the feasibility study, permitting activities and some underground development work to support the underground expansion project and an investment decision. 2 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $9.2 2023: 2024: Historic Revenue to Royal Gold US$M $3.2 $2.6 Acquisition Cost US$M $165.1 Investment Recovered % 6% Net Book Value US$M $159.1 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) Copper (Mlb) AGEOs * (koz) Proven and Probable 5,310 3,020 100 Measured and Indicated 5,233 3,588 109 Inferred 856 782 21 ROYAL GOLD 2024 Asset Handbook 60 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 11 for a description of AGEO calculation methodology. For more information, please visit: www.newmont.com