Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Royal Gold Attributable 2 (GEO) Ore Processed 4 (kt) Reported Production 4,5 (kGEO) RGLD % of Site Reported GEO Production 6 Xavantina Ero Copper 2019 —% — — — —% 2020 —% — — — —% 2021 1.2% 3,482 172 38 9.1% 2022 3.1% 8,219 190 44 18.9% 2023 4.1% 10,512 136 60 17.6% 2024 5.0% 13,058 146 58 22.7% Other Interests 2019 0.2% 520 NR NR NR 2020 0.1% 364 NR NR NR 2021 0.2% 526 NR NR NR 2022 0.2% 645 NR NR NR 2023 0.3% 657 NR NR NR 2024 0.1% 253 NR NR NR Total 2019 100.0% 268,001 2020 100.0% 268,012 2021 100.0% 284,177 2022 100.0% 264,614 2023 100.0% 259,267 2024 100.0% 259,688 1. The Company changed its fiscal year end from June 30 to December 31, effective as of December 31, 2021. Accordingly, certain amounts in this table have been adjusted to reflect unaudited calendar year information. 2. GEO production is estimated by multiplying the number of net metal or commodity units of which we take delivery, multiplied by the following standard set of commodity prices and divided by the stated gold price, with the same metal prices used for each year for comparative purposes: $1,758/oz Au; $20.54/oz Ag; $6,185.82/t Cu; $1,826.14/lb Pb; $2,268.85/t Zn; $13,672/t Ni; $25,992/t Mo; $31,161/t Co (see page 136 for complete definition). 3. Royal Gold’s interest is either a portion of the mineral property production or a portion of production from an operating complex. 4. Site production figures were compiled by Skarn Associates, and we have relied on its database for gold and copper mining operations. 5. GEO production is estimated based on the following metal prices for each year using production units identified by Skarn Associates: $1,758/oz Au; $20.54/oz Ag; $6,185.82/t Cu; $1,826.14/lb Pb; $2,268.85/t Zn; $13,672/t Ni; $25,992/t Mo; $31,161/t Co. 6. Royal Gold’s percentage of site production is determined by dividing the net GEO we receive based on the methodology defined in footnote (2) by the Site Reported Production in GEOs, defined in footnote (5). 7. Prior year production adjustments occurred in 2023, resulting in negative production. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 91