63 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Mineral Resources and Reserves for Portfolio Assets GOLD RESERVES (Continued from previous page) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (%) Footnotes Back River Development 3.3% GSR on Goose, 3.2-4.0% GSR on George 8,008 5.54 1,426 10,683 6.29 2,160 18,691 5.97 3,586 92-95.5% 33 Bateman Gold Development 1.0% NSR — — — 320 6.07 62 320 6.07 62 88% 34 Bogoso and Prestea Development 5.5% of Payable Gold — — — 856 10.97 302 856 10.97 302 Undisclosed 35 Castelo de Sonhos Development 1.5% NSR — — — 38,700 1.09 1,360 38,700 1.09 1,360 98% 36 Don Mario Development 3.0% NSR 2,057 1.83 121 — — — 2,057 1.83 121 Undisclosed 37 Hasbrouck Mountain Development 1.5% NSR 5,561 0.70 126 25,618 0.55 452 31,179 0.58 578 40-80% 38 Kundip Development 1.0% to 1.5% GVR (gold only) — — — 3,950 1.73 220 3,950 1.73 220 95% 39 Kutcho Creek Development 2.0% NSR 1,700 0.37 20 4,310 0.51 71 6,010 0.47 92 58-66% 40 La India Development 3.0% NSR — — — 7,320 2.56 602 7,320 2.56 602 91% 41 Manh Choh Development 3.0% NSR, 28% NSR (silver only) — — — 4,122 7.64 1,013 4,122 7.64 1,013 Undisclosed 42 Marban Development 0.5-0.75% (Marban Alliance claims) 1.0-1.5% (Horizon claims) Sliding-Scale NSR (gold only) — — — 42,929 0.88 1,212 42,929 0.88 1,212 94% 43 NuevaUnión Development 1.4% NSR 116,040 0.55 2,052 88,620 0.36 1,026 204,660 0.47 3,078 66% 45 Pine Cove Development 7.5% NPI — — — 233 1.53 11 233 1.53 11 87% 46 Red Dam Development 2.5% GSR (gold), 2.5% NSR (silver) — — — 2,900 1.25 117 2,900 1.25 117 Undisclosed 47 Ulysses Development 0.9% NSR 1,310 3.16 133 2,220 3.05 218 3,530 3.09 351 88% 49 SILVER RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) (%) Footnotes Khoemacau Principal 100% of Payable Silver 7,220 22.40 5,200 23,490 18.95 14,310 30,710 19.76 19,510 84% 89 Peñasquito Principal 2.0% NSR 123,700 37.92 150,800 167,300 30.08 161,800 291,000 33.41 312,600 80% 4 Pueblo Viejo Principal 7.5% of Payable Gold, 75.0% of Payable Silver 39,000 12.76 16,000 140,000 12.89 58,000 179,000 12.86 74,000 73% 5 Dolores Producing 3.25% NSR (gold only), 2.0% NSR (silver only) 1,200 15.55 600 — — — 1,200 15.55 600 Undisclosed 11 El Limón Producing 3.0% NSR — — — 3,377 5.42 589 3,377 5.42 589 Undisclosed 13 Rainy River Producing 6.5% of Payable Gold, 60% of Payable Silver 22,578 2.17 1,572 37,295 3.98 4,771 59,873 3.30 6,343 60% 23 Don Mario Development 3.0% NSR 2,057 48.71 3,221 — — — 2,057 48.71 3,221 Undisclosed 37 Hasbrouck Mountain Development 1.5% NSR 5,561 14.31 2,558 25,618 9.65 7,946 31,179 10.48 10,504 17-24% 38 Kutcho Creek Development 2.0% NSR 1,700 24.70 1,350 4,310 39.51 5,475 6,010 35.32 6,825 58-71% 40 La India Development 3.0% NSR — — — 7,320 5.31 1,250 7,320 5.31 1,250 Undisclosed 41 Manh Choh Development 3.0% NSR, 28% NSR (silver only) — — — 4,122 13.49 1,787 4,122 13.49 1,787 Undisclosed 42 NuevaUnión Development 1.4% NSR 116,040 3.00 11,192 88,620 2.33 6,648 204,660 2.71 17,840 66% 45 Proven Probable Proven and Probable Proven Probable Proven and Probable