DEVELOPMENTS AND POTENTIAL Following first stoping in late 2024, underground mining is expected to ramp-up, with increased rates of development advance to unlock further stoping areas. 1 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $0.1 2023: 2024: Historic Revenue to Royal Gold US$M $0.0 $0.1 Acquisition Cost US$M $0.0 Investment Recovered % N/A Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of December 31, 2024 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 346 3 Measured and Indicated 532 5 Inferred 280 3 * 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 120 For more information, please visit: www.genesisminerals.com.au