66 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Mineral Resources and Reserves for Portfolio Assets GOLD RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (g/t) (koz) (kt) (g/t) (koz) (koz) (kt) (g/t) (koz) (%) Footnotes Andacollo Principal 100% of Payable Gold 65,700 0.11 232 325,800 0.09 943 1,175 52,400 0.08 135 60% 1 Cortez Principal Legacy Zone: approx. 9.4% GSR Equivalent CC Zone: 0.45%-2.2% GSR Equivalent — — — 99,000 1.68 5,360 5,360 165,920 1.72 9,200 Undisclosed 2 Mount Milligan Principal 35% of Payable Gold, 18.75% of Payable Copper 118,289 0.25 966 141,571 0.30 1,367 2,333 7,795 0.34 84 Undisclosed 3 Peñasquito Principal 2.0% NSR 37,400 0.25 300 157,300 0.22 1,100 1,400 22,800 0.14 100 59% 4 Pueblo Viejo Principal 7.5% of Payable Gold, 75.0% of Payable Silver 11,000 1.70 600 50,000 1.80 2,900 3,500 4,800 1.56 240 82% 5 Bald Mountain Producing 1.75% to 2.5% Sliding-Scale NSR 82,095 0.66 1,739 — — — 1,739 — — — Undisclosed 6 Bellevue Producing 2.0% NSR, 2.0% NSR (gold), 1.5% NSR (all other metals) — — — — — — — 5,200 8.80 1,471 97% 7 Canadian Malartic Producing 1.0% to 1.5% Sliding-Scale NSR (gold only) — — — — — — — — — — 90% 8 Celtic/Wonder North Producing 1.5% NSR 370 2.27 27 3,240 2.16 225 252 6,060 2.10 410 Undisclosed 9 Côté Gold Producing 1.0% NSR 24,387 0.47 366 122,704 0.69 2,737 3,103 42,414 0.61 832 92% 10 Dolores Producing 3.25% NSR (gold only), 2.0% NSR (silver only) 3,000 0.41 39 600 1.49 29 68 900 1.58 46 Undisclosed 11 Don Nicolas Producing 2.0% NSR 249 4.32 35 877 5.82 164 199 4,664 2.32 348 88-85% 12 El Limón Producing 3.0% NSR — — — 9,484 2.03 620 620 1,566 4.45 224 89-91% 13 Goldstrike Producing 0.9% NSR 6 0.98 0 117 1.17 4 5 67 1.07 2 74% 14 Granite Creek Producing 3.0% NSR and 2.94% NSR 21,340 1.67 1,144 7,973 1.89 485 1,629 2,272 5.22 381 Undisclosed 15 Gwalia Producing 1.5% NSR 3,640 3.91 458 33,800 3.10 3,370 3,828 7,100 3.87 883 95% 16 King Of The Hills Producing 1.5% NSR — — — 14,960 3.16 1,522 1,522 10,740 1.38 476 92% 17 LaRonde Zone 5 Producing 2.0% NSR — — — 10,594 2.27 774 774 10,437 3.38 1,134 95% 18 Leeville Producing 1.8% NSR 2,936 6.36 600 1,309 5.61 236 836 3,439 6.70 741 76% 19 Mara Rosa Producing 1.0% NSR, 1.75% NSR 1,809 0.93 54 6,686 0.90 194 248 100 0.53 2 Undisclosed 20 Marigold Producing 2.0% NSR — — — 235,499 0.20 1,534 1,534 12,835 0.37 152 73% 21 Meekatharra Producing 1.5% NSR, A$10 per ounce (gold only) 1.5% to 2.5% NSR (gold only) 0.45% NSR 1,357 3.25 142 19,256 1.83 1,132 1,274 24,091 2.19 1,700 85-92% 22 Rainy River Producing 6.5% of Payable Gold, 60% of Payable Silver 457 1.50 22 11,319 2.24 815 837 1,388 2.76 123 95% 23 Red Chris Producing 1.0% NSR — — — 478,143 0.34 5,227 5,227 88,714 0.35 998 55% 24 Ruby Hill Producing 3.0% NSR — — — 225,600 0.56 4,076 4,076 170,910 0.66 3,650 Undisclosed 25 South Laverton Producing 1.5% NSR, 4.0% NPI (gold only) A$6.00 per ounce (gold only) A$10.00 per ounce (gold only) 4,874 2.54 398 20,008 2.26 1,452 1,850 12,513 2.12 854 83%-92% 26 Southern Cross Producing 1.5% NSR 2,014 7.54 488 13,423 4.25 1,832 2,320 10,419 4.42 1,481 Undisclosed 27 Twin Creeks Producing 2.0% GPR (gold only) 97 1.54 5 283 1.19 11 16 22 0.75 1 Undisclosed 28 Wassa Producing 10.5% of Payable Gold 3,237 3.89 405 4,469 4.43 636 1,041 61,083 3.37 6,620 95% 29 Williams Producing 0.97% NSR — — — 11,260 2.18 789 789 1,234 1.46 58 89-94% 31 Xavantina Producing 25.0% of Payable Gold — — — — — — — 311 4.50 45 93% 32 Measured Indicated Inferred CONTINUED ON NEXT PAGE