ROYAL GOLD 2024 Asset Handbook Table of Contents Introduction 5 ATTRIBUTES OF OUR BUSINESS 6 Our Business 6 Where Streams and Royalties Fit 6 Streams Versus Royalties – Details 7 Accounting Treatment 8 Timing Differences Related to the Production, Delivery and Sale of Metal 10 Produced Versus Payable Metal 11 Attributable Gold Equivalent Ounces 11 PORTFOLIO OVERVIEW 13 Global Portfolio Map 13 Exposure to Important Mining Regions 14 Our Counterparties 19 Brief History of Portfolio Additions – Last 10 Years 20 Five-Year Revenue History 25 2024 Revenue Breakdown 27 EXPECTED PERFORMANCE AND OUTLOOK 28 Notable Portfolio Changes in 2024 28 Portfolio Asset Mine Life 30 Summary of Portfolio Outlook 31 PORTFOLIO DETAILS 35 Principal Properties 35 Producing Properties (Excluding Principal Properties) 47 Development Properties 123 Highlighted Evaluation Properties 148 Evaluation/Exploration Properties 161 Portfolio Attributable Gold Equivalent Ounces 165 Mineral Resources and Reserves 167 Footnotes for Mineral Resources and Reserves 175 Footnotes for Area of Interest Maps 181 REFERENCE MATERIALS 182 Definitions/Glossary 182 Cautionary Statements 187 Corporate Information 188 4