ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | SILVER RESOURCES (EXCLUSIVE OF RESERVES) | | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | (koz) | (kt) | (g/t) | (koz) | (%) | | Pueblo Viejo(5) | Principal | 11,000 | 5.66 | 2,000 | 50,000 | 8.09 | 13,000 | 15,000 | 9,400 | 8.27 | 2,500 | 74 % | | Antamina(125) | Producing | 99,000 | 10.18 | 32,408 | 240,000 | 10.98 | 84,717 | 117,125 | 1,250,000 | 10.57 | 424,711 | Undisclosed | | Bayan Khundii(8) | Producing | 1,300 | 0.69 | 29 | 2,682 | 0.80 | 69 | 98 | 384 | 0.69 | 8 | Undisclosed | | Cerro Moro(13) | Producing | 300 | 228.09 | 2,200 | 800 | 237.16 | 6,100 | 8,300 | 700 | 155.52 | 3,500 | Undisclosed | | Cosalá(128) | Producing | 1,680 | 87.87 | 4,746 | 5,761 | 90.49 | 16,760 | 21,506 | 3,072 | 105.98 | 10,467 | Undisclosed | | Don Nicolas(16) | Producing | 196 | 15.37 | 97 | 282 | 11.82 | 107 | 204 | 1,162 | 3.35 | 125 | 30-61% | | El Limón(17) | Producing | – | – | – | 8,530 | 0.54 | 149 | 149 | 6,332 | 2.47 | 503 | Undisclosed | | Fruta del Norte(18) | Producing | 2,550 | 13.84 | 1,135 | 4,402 | 12.00 | 1,698 | 2,833 | 10,244 | 15.40 | 5,071 | Undisclosed | | Galena(129) | Producing | 1,016 | 441.39 | 14,418 | 4,553 | 408.21 | 59,755 | 74,173 | 6,843 | 465.88 | 102,497 | Undisclosed | | Khoemacau(130) | Producing | 6,000 | 10.33 | 1,993 | 9,800 | 20.06 | 6,321 | 8,314 | 74,000 | 19.86 | 47,262 | 84 % | | Manh Choh(29) | Producing | 621 | 11.87 | 237 | 383 | 6.62 | 81 | 319 | – | – | – | Undisclosed | | Mercedes(33) | Producing | 784 | 58.48 | 1,474 | 1,127 | 58.87 | 2,133 | 3,607 | 383 | 36.06 | 444 | Undisclosed | | Moss(34) | Producing | 6,685 | 4.56 | 980 | 33,265 | 3.53 | 3,780 | 4,761 | 8,628 | 1.46 | 406 | Undisclosed | | Peñasquito(35) | Producing | 52,800 | 28.33 | 48,100 | 172,100 | 25.28 | 139,900 | 188,000 | 9,200 | 24.00 | 7,100 | 80 % | | Rainy River(37) | Producing | 304 | 17.39 | 170 | 56,398 | 3.47 | 6,290 | 6,460 | 7,529 | 4.14 | 1,003 | 60 % | | Ruby Hill(39) | Producing | – | – | – | 218,773 | 14.85 | 104,423 | 104,423 | 198,630 | 14.37 | 91,759 | 40 % | | Woodlawn(48) | Producing | 93 | 184.47 | 552 | 2,033 | 52.54 | 3,434 | 3,986 | 3,135 | 70.00 | 7,055 | Undisclosed | | Corani(127) | Development | 10,255 | 30.63 | 10,100 | 89,797 | 29.06 | 83,900 | 94,000 | 73,185 | 35.49 | 83,500 | Undisclosed | | Don Mario(55) | Development | 135 | 55.27 | 240 | 4,422 | 4.83 | 687 | 927 | 1,671 | 3.53 | 190 | Undisclosed | | Hasbrouck | | (56) | Development | 777 | 7.76 | 194 | 6,171 | 7.35 | 1,458 | 1,652 | 4,682 | 6.55 | 986 | 17-24% | | Mountain | | Horne 5(58) | Development | 10,839 | 15.70 | 5,471 | 13,857 | 15.21 | 6,777 | 12,248 | 24,311 | 21.40 | 16,727 | Undisclosed | | Kirazli(60) | Development | – | – | – | 3,056 | 2.71 | 266 | 266 | 7,694 | 8.71 | 2,155 | Undisclosed | | Kundip(61) | Development | – | – | – | 710 | 3.29 | 75 | 75 | 3,150 | 2.52 | 255 | Undisclosed | | Kutcho Creek(62) | Development | 103 | 27.99 | 93 | 413 | 153.71 | 2,042 | 2,135 | 2,145 | 32.05 | 2,210 | 58-71% | | La India(63) | Development | – | – | – | 2,142 | 9.25 | 637 | 637 | 6,154 | 4.65 | 921 | Undisclosed | | Lawyers-Ranch(64) | Development | 17,791 | 23.02 | 13,168 | 22,178 | 21.96 | 15,661 | 28,830 | 9,917 | 21.06 | 6,715 | Undisclosed | | NuevaUnión(69) | Development | 2,880 | 3.00 | 278 | 71,010 | 3.67 | 8,371 | 8,649 | 205,586 | 2.33 | 15,423 | 66 % | | Oyu Tolgoi(70) | Development | – | – | – | 83,000 | 4.21 | 11,234 | 11,234 | 161,000 | 2.84 | 14,701 | Undisclosed | | Troilus(74) | Development | – | – | – | 128,300 | 1.36 | 5,613 | 5,613 | 80,500 | 1.47 | 3,811 | Undisclosed | | Warintza(75) | Development | 399,000 | 1.25 | 16,000 | 2,047,000 | 1.12 | 73,800 | 89,800 | 2,092,000 | 1.12 | 75,000 | Undisclosed | | Berg(77) | Evaluation | 34,000 | 4.57 | 5,000 | 976,000 | 4.62 | 145,000 | 150,000 | 542,000 | 3.73 | 65,000 | 66 % | | Blende(126) | Evaluation | – | – | – | 3,650 | 35.72 | 4,192 | 4,192 | 32,980 | 32.05 | 33,980 | Undisclosed | | Bronson Slope(78) | Evaluation | – | – | – | – | – | – | – | 155,190 | 2.71 | 13,500 | Undisclosed | | Caber(81) | Evaluation | 800 | 10.00 | 257 | 700 | 9.00 | 203 | 460 | – | – | – | Undisclosed | | FAD Property(83) | Evaluation | – | – | – | 594 | 209.77 | 4,006 | 4,006 | 2,736 | 188.55 | 16,586 | Undisclosed | | High Lake(90) | Evaluation | – | – | – | 7,900 | 83.00 | 21,081 | 21,081 | 6,000 | 84.00 | 16,204 | 83 % | | Jaguar(93) | Evaluation | – | – | – | 1,300 | 97.00 | 4,054 | 4,054 | 400 | 106.00 | 1,363 | 49 % | | Long Lake(95) | Evaluation | – | – | – | 407 | 48.91 | 640 | 640 | 78 | 31.90 | 80 | Undisclosed | | MARA(97) | Evaluation | 127,000 | 3.60 | 14,699 | 1,080,000 | 3.30 | 114,585 | 129,285 | 110,000 | 1.90 | 6,720 | Undisclosed | | Ming(67) | Evaluation | 241 | 20.10 | 156 | 74 | 14.66 | 35 | 191 | 62 | 16.10 | 32 | Undisclosed | | Minyari(98) | Evaluation | – | – | – | 32,370 | 0.51 | 533 | 533 | 15,370 | 0.27 | 133 | Undisclosed | | Mt. Hamilton(100) | Evaluation | 19,051 | 5.67 | 3,473 | 7,339 | 5.79 | 1,366 | 4,839 | 1,324 | 6.11 | 260 | Undisclosed | | Niblack(101) | Evaluation | – | – | – | 5,851 | 29.04 | 5,462 | 5,462 | 214 | 18.17 | 125 | 76 % | | Nieves(102) | Evaluation | – | – | – | 33,040 | 50.10 | 53,220 | 53,220 | 58,030 | 30.38 | 56,683 | 81 % | | Point Leamington(110) | Evaluation | – | – | – | 5,013 | 12.41 | 2,000 | 2,000 | 15,440 | 15.31 | 7,600 | 25 % | | Quinns Austin(112) | Evaluation | 463 | 4.38 | 65 | 703 | 3.28 | 74 | 139 | 318 | 2.74 | 28 | Undisclosed | | Relief Canyon(114) | Evaluation | 8,402 | 3.44 | 929 | 7,197 | 0.63 | 145 | 1,074 | 1,885 | 0.08 | 5 | Undisclosed | | Rock Creek(131) | Evaluation | – | – | – | – | – | – | – | 90,716 | 50.98 | 148,688 | 88 % | | San Juan Silver | | (Bulldog)(115) | Evaluation | – | – | – | – | – | – | – | 2,133 | 539.97 | 37,026 | 89 % | | Schaft Creek(116) | Evaluation | 166,000 | 1.50 | 8,006 | 1,127,200 | 1.20 | 43,488 | 51,494 | 316,700 | 1.10 | 11,200 | 48 % | | Shasta(117) | Evaluation | – | – | – | 11,881 | 37.32 | 14,256 | 14,256 | 14,865 | 29.06 | 13,888 | 86 % | | Tavsan(119) | Evaluation | 3,763 | 4.75 | 575 | 2,418 | 4.10 | 319 | 893 | 1,469 | 4.46 | 211 | Undisclosed | | Wildcat(123) | Evaluation | – | – | – | 60,000 | 3.32 | 6,400 | 6,400 | 22,500 | 2.76 | 2,000 | Undisclosed | | Wolverine(124) | Evaluation | 553 | 364.32 | 6,482 | 911 | 323.78 | 9,488 | 15,970 | 539 | 333.29 | 5,776 | Undisclosed | 202 Royal Gold / 2025/2026 Asset Handbook