| ATTRIBUTES OF | PORTFOLIO | EXPECTED PERFORMANCE | PORTFOLIO | REFERENCE | | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | PORTFOLIO OVERVIEW | | Global Portfolio Map | | Royal Gold’s portfolio is globally diverse, | | with concentrations in established | | mining jurisdictions. | | 364 | Total Properties(1) | | ò 81 Producing (including | | Principal Properties) | | ò 29 Development | 76 | Exploration (not shown on map; | | excludes evaluation properties) | | ò | 5 Principal | 178 | Evaluation (not shown on map) | PRINCIPAL PROPERTIES ANDACOLLO CORTEZ MOUNT MILLIGAN PUEBLO VIEJO KANSANSHI 1 Region IV, 2 Nevada, 3 British Columbia, 4 Sánchez Ramírez, 5 North-Western Chile United States Canada Dominican Republic Province, Zambia (1) As of December 31, 2025. Royal Gold / 2025/2026 Asset Handbook 13