Asset NAV by Metal 1, 2 Gold Silver Copper Other 53% 17% 30% Asset NAV by Location 1, 2 North America South and Central America EMEA Diversified Commodity and Geographic Exposure 1) Based on consensus asset NAV (available analyst estimates) as of March 12, 2026. 2) Excludes NAV categorized as “Other Assets”. Royal Gold has asset NAV in Australia Pacific region, but they are in the excluded NAV categorized as “Other Assets.” 94% Precious Metals Gold drives the portfolio with important contributions from silver and copper Portfolio concentrated in well-established and mining- friendly jurisdictions 14