62 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Mineral Resources and Reserves for Portfolio Assets GOLD 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 Andacollo Principal 100% of Payable Gold 128,800 0.10 414 117,700 0.10 378 246,500 0.10 793 60% 1 Cortez Principal Legacy Zone: approx. 9.4% GSR Equivalent CC Zone: 0.45%-2.2% GSR Equivalent 1,790 1.74 100 211,000 2.16 14,630 212,790 2.15 14,730 Undisclosed 2 Mount Milligan Principal 35% of Payable Gold, 18.75% of Payable Copper 215,640 0.34 2,387 34,386 0.39 435 250,026 0.35 2,822 Undisclosed 3 Peñasquito Principal 2.0% NSR 123,700 0.55 2,200 167,300 0.45 2,400 291,000 0.49 4,600 59% 4 Pueblo Viejo Principal 7.5% of Payable Gold, 75.0% of Payable Silver 39,000 2.23 2,800 140,000 2.02 9,100 179,000 2.07 11,900 82% 5 Bald Mountain Producing 1.75% to 2.5% Sliding-Scale NSR 17,191 0.79 436 — — — 17,191 0.79 436 Undisclosed 6 Bellevue Producing 2.0% NSR, 2.0% NSR (gold), 1.5% NSR (all other metals) — — — 5,350 6.05 1,040 5,350 6.05 1,040 97% 7 Canadian Malartic Producing 1.0% to 1.5% Sliding-Scale NSR (gold only) 16,685 0.41 222 — — — 16,685 0.41 222 90% 8 Côté Gold Producing 1.0% NSR 92,541 1.09 3,234 71,709 0.91 2,093 164,251 1.01 5,327 92% 10 Dolores Producing 3.25% NSR (gold only), 2.0% NSR (silver only) 1,200 0.34 13 — — — 1,200 0.34 13 Undisclosed 11 El Limón Producing 3.0% NSR — — — 3,377 5.89 640 3,377 5.89 640 89-91% 13 Goldstrike Producing 0.9% NSR 17,392 2.41 1,349 5 1.14 0 17,397 2.41 1,349 74% 14 Gwalia Producing 1.5% NSR 460 4.19 62 21,200 3.08 2,100 21,660 3.10 2,162 95% 16 King Of The Hills Producing 1.5% NSR 9,500 0.59 181 59,980 0.99 1,911 69,480 0.94 2,092 92% 17 LaRonde Zone 5 Producing 2.0% NSR 4,450 2.10 301 4,523 2.30 334 8,973 2.20 635 95% 18 Leeville Producing 1.8% NSR 3,485 8.76 981 2,325 6.20 463 5,811 7.73 1,445 76% 19 Mara Rosa Producing 1.0% NSR, 1.75% NSR 11,791 1.20 456 12,014 1.16 446 23,805 1.18 902 Undisclosed 20 Marigold Producing 2.0% NSR — — — 121,578 0.46 1,784 121,578 0.46 1,784 74% 21 Meekatharra Producing 1.5% NSR, A$10 per ounce (gold only) 1.5% to 2.5% NSR (gold only) 0.45% NSR 530 2.11 36 4,062 2.93 382 4,592 2.83 418 85-92% 22 Rainy River Producing 6.5% of Payable Gold, 60% of Payable Silver 22,578 0.57 415 37,295 1.67 2,007 59,873 1.26 2,422 95% 23 Red Chris Producing 1.0% NSR — — — 288,429 0.60 5,560 288,429 0.60 5,560 55% 24 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) 10,403 1.49 500 6,305 2.73 554 16,708 1.96 1,054 83% 26 Southern Cross Producing 1.5% NSR 3,750 2.65 320 5,810 3.68 688 9,560 3.28 1,008 Undisclosed 27 Twin Creeks Producing 2.0% GPR (gold only) 535 3.16 54 — — — 535 3.16 54 Variable 28 Wassa Producing 10.5% of Payable Gold 4,268 2.15 295 6,029 2.07 401 10,297 2.10 696 96% 29 Wharf Producing 0.0% to 2.0% Sliding-Scale GSR (gold only) 4,749 1.11 169 18,216 0.91 530 22,965 0.95 700 79% 30 Williams Producing 0.97% NSR — — — 14,536 1.80 843 14,536 1.80 843 86-95% 31 Xavantina Producing 25.0% of Payable Gold 290 8.58 80 1,216 7.80 305 1,506 7.95 385 93% 32 Proven Probable Proven and Probable CONTINUED ON NEXT PAGE