| ATTRIBUTES OF | PORTFOLIO | EXPECTED PERFORMANCE | PORTFOLIO | REFERENCE | | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | Highlighted | | Evaluation | | Properties | | North America | | Berg | 173 | | Great Bear | 174 | | Kerr-Sulphurets-Mitchell | 176 | South and Central America | MARA | 178 | | Omai | 180 | | Australia Pacific | | Minyari | 182 | 172 Royal Gold / 2025/2026 Asset Handbook