ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | SILVER RESERVES | | Proven | Probable | Proven and Probable | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | (%) | | Pueblo Viejo(5) | Principal | 54,000 | 12.10 | 21,000 | 130,000 | 12.44 | 52,000 | 184,000 | 12.34 | 73,000 | 73 % | | Antamina(125) | Producing | 260,000 | 10.03 | 83,849 | 268,000 | 13.12 | 113,074 | 528,000 | 11.60 | 196,923 | Undisclosed | | Bayan Khundii(8) | Producing | 2,700 | 1.84 | 159 | 1,300 | 1.46 | 61 | 4,000 | 1.71 | 221 | Undisclosed | | Cerro Moro(13) | Producing | 300 | 217.72 | 2,100 | 300 | 300.67 | 2,900 | 600 | 259.20 | 5,000 | Undisclosed | | Cosalá(128) | Producing | 419 | 225.30 | 3,035 | 3,330 | 157.04 | 16,813 | 3,749 | 164.67 | 19,848 | Undisclosed | | El Limón(17) | Producing | – | – | – | 4,313 | 4.67 | 647 | 4,313 | 4.67 | 647 | Undisclosed | | Fruta del Norte(18) | Producing | 7,854 | 11.76 | 2,970 | 17,805 | 10.34 | 5,917 | 25,659 | 10.77 | 8,887 | Undisclosed | | Galena(129) | Producing | 228 | 348.14 | 2,552 | 1,015 | 409.68 | 13,369 | 1,243 | 398.39 | 15,921 | Undisclosed | | Khoemacau(130) | Producing | 7,000 | 19.11 | 4,300 | 32,200 | 16.81 | 17,400 | 39,200 | 17.22 | 21,700 | 84 % | | Manh Choh(29) | Producing | 526 | 11.75 | 199 | 2,379 | 11.28 | 863 | 2,904 | 11.37 | 1,061 | Undisclosed | | Mercedes(33) | Producing | 9 | 24.19 | 7 | 419 | 22.64 | 305 | 428 | 22.67 | 312 | Undisclosed | | Moss(34) | Producing | – | – | – | – | – | – | – | – | – | Undisclosed | | Peñasquito(35) | Producing | 84,400 | 35.27 | 95,700 | 136,600 | 30.58 | 134,300 | 221,000 | 32.37 | 230,000 | 80 % | | Rainy River(37) | Producing | 16,915 | 2.24 | 1,216 | 37,595 | 3.60 | 4,356 | 54,510 | 3.18 | 5,572 | 60 % | | Woodlawn(48) | Producing | 1,200 | 37.95 | 1,464 | 4,800 | 26.70 | 4,121 | 6,000 | 28.95 | 5,585 | Undisclosed | | Corani(127) | Development | 20,330 | 59.67 | 39,000 | 118,253 | 49.87 | 189,600 | 138,583 | 51.31 | 228,600 | Undisclosed | | Don Mario(55) | Development | 2,057 | 48.71 | 3,221 | – | – | – | 2,057 | 48.71 | 3,221 | Undisclosed | | Hasbrouck | | Mountain(56) | Development | 5,561 | 14.31 | 2,558 | 25,618 | 9.65 | 7,946 | 31,179 | 10.48 | 10,504 | 17-24% | | Horne 5(58) | Development | – | – | – | 80,900 | 13.98 | 36,362 | 80,900 | 13.98 | 36,362 | Undisclosed | | Kirazli(60) | Development | 670 | 16.94 | 365 | 33,191 | 9.27 | 9,892 | 33,861 | 9.42 | 10,257 | Undisclosed | | Kundip(61) | Development | – | – | – | 3,950 | 1.46 | 185 | 3,950 | 1.46 | 185 | Undisclosed | | Kutcho Creek(62) | Development | 1,700 | 24.70 | 1,350 | 4,310 | 39.51 | 5,475 | 6,010 | 35.32 | 6,825 | 58-71% | | La India(63) | Development | – | – | – | 7,320 | 5.31 | 1,250 | 7,320 | 5.31 | 1,250 | Undisclosed | | Lawyers-Ranch(64) | Development | 32,883 | 36.70 | 38,804 | 40,773 | 22.22 | 29,125 | 73,656 | 28.69 | 67,929 | Undisclosed | | NuevaUnión(69) | Development | 116,040 | 3.00 | 11,192 | 88,620 | 2.33 | 6,648 | 204,660 | 2.71 | 17,840 | 66 % | | Oyu Tolgoi(70) | Development | – | – | – | 36,000 | 3.96 | 4,583 | 36,000 | 3.96 | 4,583 | Undisclosed | | Troilus(74) | Development | – | – | – | 380,000 | 0.99 | 12,150 | 380,000 | 0.99 | 12,150 | Undisclosed | | Warintza(75) | Development | 797,000 | 1.37 | 35,000 | 503,000 | 1.19 | 19,200 | 1,300,000 | 1.30 | 54,200 | Undisclosed | Royal Gold / 2025/2026 Asset Handbook 201