DEVELOPMENTS AND POTENTIAL Peñasquito gold production is expected to increase in 2025, as mining is expected to be from the higher gold content Peñasco pit for the first half of 2025. Gold production in 2025 is expected to be approximately 60% weighted to the first half of the year. Peñasquito co-product production of silver, lead and zinc is expected to decline from 2024 levels due to reduced mining in the Chile Colorado pit as this polymetallic mine progresses through its planned sequence. 2 Newmont has identified high-priority exploration targets immediately to the east and west of the mine area under alluvial cover. Peñasquito has a large resource base and prospective land package with potential to extend mine life to 2040. 3 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $443.1 2023: 2024: Historic Revenue to Royal Gold US$M $17.8 $46.1 Acquisition Cost US$M $99.2 Investment Recovered % 447% Net Book Value US$M $33.8 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) Silver (koz) Lead (Mlb) Zinc (Mlb) AGEOs * (koz) Proven and Probable 4,000 253,200 1,755 3,815 187 Measured and Indicated 1,600 172,500 1,093 2,711 105 Inferred 100 17,200 101 302 10 * 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 94 For more information, please visit: www.newmont.com