DEVELOPMENTS AND POTENTIAL Hochschild is engaged in near-mine drill programs with a goal to discover another +1 million ounces of resources by 2030. Drilling will focus on the Posse belt, including the Posse Shear Zone, Martinho Shear Zone, and Caxias Shear Zone, to add new resources below the open-pit. 1 Hochschild announced that successful exploration added 218,000 ounces of resources below the Mara Rosa main pit in 2024. 4 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $4.3 2023: 2024: Historic Revenue to Royal Gold US$M $0.0 $4.3 Acquisition Cost US$M $10.9 Investment Recovered % 40% Net Book Value US$M $10.0 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 865 24 Measured and Indicated 167 5 Inferred 244 7 * 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. ROYAL GOLD 2024 Asset Handbook 98 For more information, please visit: www.hochschildmining.com