42 ROYAL GOLD, INC. | INVESTOR PRESENTATION | FEBRUARY 2025 Top 5 42% Top 6-10 12% Top 11-20 8% Other Identifiable 25% Remainder 13% US Domicile and Register are Unique U.S. BASED • Only U.S. based streaming and royalty company • Member of >200 U.S. indices • 66M shares outstanding; lowest in the GDX index Register Breakdown Source: IPREO, per 13-F filings; September 30, 2024 or as available. Dominant Orientation Passive 45% Active 42% Retail 13%