ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE INTRODUCTION OUR BUSINESS OVERVIEW AND OUTLOOK DETAILS MATERIALS Payable Metal Under Stream Agreements Generally, Royal Gold’s metal streams are based on metal The percentages highlighted below are the contractual produced at the mine site contained in doré or concentrate, payable percentages specified under our stream less only a payable factor defined within the terms of the agreements and not necessarily what the stream agreements, and not subject to any deductions operator receives. between operator and offtaker. PAYABLE METAL Stream Metal Product Payable % Source Mount Milligan Gold Concentrate 97.0% Stream agreement | Copper | Concentrate | Greater of 95% or actual % paid | Stream agreement | | Pueblo Viejo | Gold | Doré | 99.9% | Stream agreement | | Silver | Doré | 99.0% | Stream agreement | | Andacollo | Gold | Concentrate | 89.0% | Stream agreement | | Rainy River | Gold | Doré | 100.0% | Stream agreement | | Silver | Doré | 100.0% | Stream agreement | | Wassa | Gold | Doré | 99.5% | Stream agreement | | Khoemacau | Silver | Concentrate | 90.0% | Stream agreement | | Xavantina | Gold | Doré | 99.0% | Stream agreement | Stream or offtake Bonikro Gold Doré Variable % agreement Stream or offtake Greenstone Gold Doré Variable % agreement Stream or offtake Blackfox Gold Doré Variable % agreement Stream or offtake Chapada Copper Concentrate Variable % agreement Stream or offtake Woodlawn Silver Concentrate Variable % agreement Stream or offtake Blyvoor Gold Doré Variable % agreement Stream or offtake South Arturo Silver Doré Variable % agreement Stream or offtake Cerro Moro Silver Doré Variable % agreement Platreef Gold Concentrate 80.0% Stream agreement Stream or offtake Santa Elena Gold Doré Variable % agreement Royal Gold / 2025/2026 Asset Handbook 11