67 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Mineral Resources and Reserves for Portfolio Assets GOLD RESOURCES (Continued from previous page) (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 Back River Development 3.3% GSR on Goose, 3.2-4.0% GSR on George 1,699 6.77 370 13,062 5.63 2,365 2,735 13,794 6.44 2,856 92-95.5% 33 Bateman Gold Development 1.0% NSR — — — 1,704 4.63 254 254 1,424 3.84 176 88% 34 Bogoso and Prestea Development 5.5% of Payable Gold — — — 454 2.26 33 33 2,660 5.30 453 Undisclosed 35 Castelo de Sonhos Development 1.5% NSR — — — 38,400 1.18 1,459 1,459 26,100 0.88 741 98% 36 Don Mario Development 3.0% NSR 135 1.84 8 4,422 0.44 63 71 1,671 0.45 24 Undisclosed 37 Hasbrouck Mountain Development 1.5% NSR 777 0.32 8 6,171 0.32 64 72 4,682 0.37 56 40-80% 38 Kundip Development 1.0% to 1.5% GVR (gold only) — — — 710 1.75 40 40 3,150 2.96 300 95% 39 Kutcho Creek Development 2.0% NSR 103 0.20 1 413 2.08 28 28 2,145 0.41 28 58-66% 40 La India Development 3.0% NSR — — — 2,142 6.08 419 419 6,154 4.23 837 91% 41 Manh Choh Development 3.0% NSR, 28% NSR (silver only) — — — 622 2.32 46 46 14 4.12 2 Undisclosed 42 Marban Development 0.5-0.75% (Marban Alliance claims) 1.0-1.5% (Horizon claims) Sliding-Scale NSR (gold only) — — — 9,670 1.76 548 548 1,898 2.54 155 94% 43 Ming Development 1.0% NSR 241 2.68 21 74 1.98 5 25 62 2.12 4 Undisclosed 44 NuevaUnión Development 1.4% NSR 2,880 0.47 44 71,010 0.59 1,347 1,391 205,586 0.28 1,851 68% 45 Pine Cove Development 7.5% NPI — — — — — — — — — — 87% 46 Relief Canyon Development 2.0% NSR 8,402 0.90 243 7,197 0.66 152 395 1,885 0.28 17 83% 48 Ulysses Development 0.9% NSR 290 6.11 57 1,880 4.00 242 299 2,200 2.97 210 Undisclosed 49 Alturas Evaluation Up to a 1.06% NSR (gold), up to a 1.59% NSR (copper) — — — 58,000 1.18 2,200 2,200 130,000 0.86 3,600 Undisclosed 50 Berg Evaluation 1.0% NSR 34,000 0.03 34 976,000 0.02 709 743 542,000 0.02 284 55% 51 Bronson Slope Evaluation 1.0% NSR — — — — — — — 155,190 0.32 1,620 Variable 52 Burnakura Evaluation 1.5% to 2.5% NSR (gold only) — — — 2,237 1.54 111 111 815 1.37 36 Undisclosed 53 Buttercup Bore Evaluation 2.0% GVR (gold only) — — — 38 2.57 3 3 423 1.76 24 Undisclosed 54 Caber Evaluation 1.0% NSR 800 0.30 8 700 0.20 5 12 20 0.10 0 Undisclosed 55 Doby George Evaluation 2.0% NSR — — — 12,922 0.98 407 407 4,999 0.73 118 Variable 56 Follansbee Evaluation 2.0% NSR — — — — — — — 1,589 7.61 389 Undisclosed 57 Gold River Evaluation 1.5% NSR — — — 690 5.29 117 117 5,273 6.06 1,028 Undisclosed 58 Great Bear Evaluation 2.0% NSR 1,839 2.57 152 31,029 2.67 2,661 2,813 22,691 4.54 3,315 95% 59 High Lake Evaluation 1.5% NSR — — — 7,900 1.30 330 330 6,000 1.30 251 75% 60 Holt Evaluation 0.00013 x Au price NSR (gold only) 5,806 4.29 800 5,884 4.75 898 1,698 9,097 4.48 1,310 Undisclosed 61 Island Mountain Evaluation 2.0% NSR 450 0.43 6 1,823 0.38 22 29 5,947 0.31 60 Undisclosed 62 Jaguar Evaluation 1.5% NSR — — — 1,300 0.30 13 13 400 0.30 4 40% 63 Kubi Village Evaluation 3.0% NPI 660 5.28 112 660 5.70 121 233 670 5.34 115 93% 64 CONTINUED ON NEXT PAGE Measured Indicated Inferred