ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | LEAD RESERVES | | Proven | Probable | Proven and Probable | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Galena(129) | Producing | 228 | 5.41 | 27 | 1,015 | 4.29 | 96 | 1,243 | 4.50 | 123 | Undisclosed | | Peñasquito(35) | Producing | 84,400 | 0.32 | 596 | 136,600 | 0.24 | 709 | 221,000 | 0.27 | 1,305 | 73 % | | Corani(127) | Development | 20,330 | 1.00 | 450 | 118,253 | 0.88 | 2,290 | 138,583 | 0.90 | 2,740 | Undisclosed | LEAD RESOURCES (EXCLUSIVE OF RESERVES) | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Cosalá(128) | Producing | 1,680 | 0.94 | 35 | 5,761 | 0.60 | 76 | 111 | 3,072 | 0.36 | 24 | Undisclosed | | Galena(129) | Producing | 1,016 | 5.03 | 113 | 4,553 | 5.79 | 581 | 694 | 6,843 | 5.73 | 864 | Undisclosed | | Peñasquito(35) | Producing | 52,800 | 0.26 | 303 | 172,100 | 0.24 | 911 | 1,213 | 9,200 | 0.20 | 41 | 73 % | | Corani(127) | Development | 10,255 | 0.37 | 84 | 89,797 | 0.32 | 643 | 727 | 73,185 | 0.40 | 641 | Undisclosed | | Blende(126) | Evaluation | – | – | – | 3,650 | 1.95 | 157 | 157 | 32,980 | 1.88 | 1,364 | Undisclosed | | FAD Property(83) | Evaluation | – | – | – | 594 | 4.35 | 57 | 57 | 2,736 | 3.69 | 223 | Undisclosed | | High Lake(90) | Evaluation | – | – | – | 7,900 | 0.30 | 52 | 52 | 6,000 | 0.40 | 53 | 81 % | | Long Lake(95) | Evaluation | – | – | – | 407 | 1.58 | 14 | 14 | 78 | 1.24 | 2 | Undisclosed | | Point Leamington(110) | Evaluation | – | – | – | 5,013 | 0.01 | 2 | 2 | 15,440 | 0.03 | 10 | Undisclosed | | Wolverine(124) | Evaluation | 553 | 1.72 | 21 | 911 | 1.61 | 32 | 53 | 539 | 1.46 | 17 | Undisclosed | ZINC RESERVES | Proven | Probable | Proven and Probable | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | 50 | | Antamina(125) | Producing | 260,000 | 0.43 | 2,440 | 268,000 | 0.75 | 4,433 | 528,000 | 0.59 | 6,873 | Undisclosed | | Peñasquito(35) | Producing | 84,400 | 0.80 | 1,485 | 136,600 | 0.59 | 1,778 | 221,000 | 0.67 | 3,263 | 82 % | | Corani(127) | Development | 20,330 | 0.60 | 269 | 118,253 | 0.55 | 1,426 | 138,583 | 0.55 | 1,695 | Undisclosed | | Kutcho Creek(62) | Development | 1,700 | 2.38 | 89 | 4,310 | 2.98 | 284 | 6,010 | 2.81 | 373 | 64-89% | ZINC RESOURCES (EXCLUSIVE OF RESERVES) | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Antamina(125) | Producing | – | – | – | 339,000 | 0.36 | 2,666 | 2,666 | 1,250,000 | 0.45 | 12,441 | Undisclosed | | Cosalá(128) | Producing | 1,680 | 2.16 | 80 | 5,761 | 1.30 | 166 | 246 | 3,072 | 1.29 | 88 | Undisclosed | | Peñasquito(35) | Producing | 52,800 | 0.69 | 803 | 172,100 | 0.55 | 2,087 | 2,890 | 9,200 | 0.60 | 122 | 82 % | | Corani(127) | Development | 10,255 | 0.27 | 61 | 89,797 | 0.28 | 559 | 620 | 73,185 | 0.30 | 484 | Undisclosed | | Horne 5(58) | Development | 10,839 | 0.74 | 177 | 13,857 | 0.92 | 280 | 457 | 24,311 | 1.74 | 933 | Undisclosed | | Kutcho Creek(62) | Development | 103 | 1.86 | 4 | 413 | 9.92 | 90 | 95 | 2,145 | 1.56 | 74 | 64-89% | | Blende(126) | Evaluation | – | – | – | 3,650 | 1.98 | 159 | 159 | 32,980 | 2.01 | 1,461 | Undisclosed | | Caber(81) | Evaluation | 800 | 6.09 | 107 | 700 | 5.42 | 84 | 191 | – | – | – | Undisclosed | | FAD Property(83) | Evaluation | – | – | – | 594 | 6.77 | 89 | 89 | 2,736 | 4.42 | 267 | Undisclosed | | High Lake(90) | Evaluation | – | – | – | 7,900 | 3.50 | 610 | 610 | 6,000 | 4.30 | 569 | 93 % | | Jaguar(93) | Evaluation | – | – | – | 1,300 | 7.20 | 206 | 206 | 400 | 7.80 | 69 | 89 % | | Long Lake(95) | Evaluation | – | – | – | 407 | 7.81 | 70 | 70 | 78 | 5.78 | 10 | Undisclosed | | Niblack(101) | Evaluation | – | – | – | 5,851 | 1.73 | 223 | 223 | 214 | 1.38 | 7 | 90 % | | Point Leamington(110) | Evaluation | – | – | – | 5,013 | 1.39 | 154 | 154 | 15,440 | 1.85 | 630 | 85 % | | Quinns Austin(112) | Evaluation | 463 | 1.41 | 14 | 703 | 1.47 | 23 | 37 | 318 | 1.17 | 8 | Undisclosed | | San Juan Silver | | (Bulldog)(115) | Evaluation | – | – | – | – | – | – | – | 2,133 | 1.62 | 76 | 81 % | | Wolverine(124) | Evaluation | 553 | 13.61 | 166 | 911 | 13.10 | 263 | 429 | 539 | 10.08 | 120 | Undisclosed | Royal Gold / 2025/2026 Asset Handbook 205