DEVELOPMENTS AND POTENTIAL Exploration drilling totaled 50,300 metres at LaRonde in 2024, divided between the LZ5 area, the Bousquet 2 area and the main LaRonde orebody at depth. Recent exploration drilling highlights include intersections near the current limits of known mineralized zones at LZ5 and Zone 3-4 with hole BZ-2024-005 returning 5.2 g/t gold over 5.7 metres at 390 metres depth west of the LZ5 mineral reserves and hole BZ-090-006 returning 7.8 g/t gold over 2.8 metres at 1,330 metres depth in Zone 3-4. The results demonstrate the potential for growth of mineral reserves in these zones. In Zone 3-1, hole LR-215-025 intersected 7.0 g/t gold over 5.0 metres at 2,197 metres depth and hole LR-215-024 intersected 6.8 g/t gold over 2.8 metres at 2,313 metres depth, extending the known mineralization down- plunge by approximately 300 metres beneath the main mineral resources in the zone. 4 In 2025, Agnico Eagle plans to complete approximately 225 metres of development at LZ5 to provide drilling platforms for conversion of Zone 5 at depth. 5 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $14.8 2023: 2024: Historic Revenue to Royal Gold US$M $2.5 $3.6 Acquisition Cost US$M $3.4 Investment Recovered % 431% Net Book Value US$M $1.7 MINERAL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 635 13 Measured and Indicated 774 15 Inferred 1,134 23 * 56 ROYAL GOLD 2024 Asset Handbook 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. For more information, please visit: www.agnicoeagle.com