FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $95.2 2023: 2024: Historic Revenue to Royal Gold US$M $8.0 $6.8 Acquisition Cost US$M $55.8 Investment Recovered % 171% Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of June 30, 2024 CONTAINED Gold (koz) Silver (koz) AGEOs * (koz) Proven and Probable 13 600 1 Measured and Indicated 68 4,400 3 Inferred 46 1,600 2 * 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 92 For more information, please visit: www.panamericansilver.com