71 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Mineral Resources and Reserves for Portfolio Assets ZINC RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Footnotes Peñasquito Principal 2.0% NSR 37,400 0.69 569 157,300 0.59 2,046 2,615 22,800 0.57 287 80% 4 Kutcho Creek Development 2.0% NSR 103 1.86 4 413 9.92 90 95 2,145 1.56 74 64-89% 40 Caber Evaluation 1.0% NSR 800 6.10 108 700 5.90 91 199 20 8.00 4 Undisclosed 55 High Lake Evaluation 1.5% NSR — — — 7,900 3.50 610 610 6,000 4.30 569 93% 60 Jaguar Evaluation 1.5% NSR — — — 1,300 7.20 206 206 400 7.80 69 89% 63 Niblack Evaluation 1.0% to 3.0% NSR — — — 5,851 1.73 223 223 214 1.38 7 90% 69 Quinns Austin Evaluation 1.5% NSR 463 1.41 14 703 1.47 23 37 318 1.17 8 Undisclosed 77 San Juan Silver (Bulldog) Evaluation 3.0% NSR, 1.0% NSR — — — — — — — 2,341 1.10 57 81% 79 NICKEL RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Footnotes Voisey's Bay Producing 2.7% NVR 1,124 1.19 29 881 1.45 28 58 7,523 1.80 299 68-86% 92 Bell Creek Evaluation A$1.00 to A$2.00/tonne 11,400 0.84 211 12,700 0.64 179 390 1,700 0.55 21 Undisclosed 95 Cosmos Evaluation 1.5% NSR (all metals other than gold), $10 per ounce (gold) — — — 4,340 2.02 194 194 1,950 2.16 93 Undisclosed 96 COBALT RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Footnotes Voisey's Bay Producing 2.7% NVR 1,124 0.06 1 881 0.08 1 1 7,523 0.12 20 68-86% 92 Bell Creek Evaluation A$1.00 to A$2.00/tonne 11,400 0.05 13 12,700 0.03 8 21 1,700 0.03 1 Undisclosed 95 MOLYBDENUM RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Footnotes Berg Evaluation 1.0% NSR 34,000 0.03 22 976,000 0.03 646 668 542,000 0.02 239 70% 51 North Island Evaluation 10.0% NPI — — — 513,164 0.01 87 87 444,905 0.01 56 74% 71 Schaft Creek Evaluation 3.5% NPI 166,000 0.02 77 1,127,200 0.02 398 474 316,700 0.02 133 59% 80 Measured Indicated Inferred Measured Indicated Inferred Measured Indicated Inferred Measured Indicated Inferred