23 ROYAL GOLD, INC. | INVESTOR PRESENTATION | FEBRUARY 2026 Robust Development Pipeline Provides Organic Growth Potential 2026 2030+ Warintza Solaris Resources Oyu Tolgoi (HNE) Rio Tinto MARA Glencore Great Bear Kinross Fourmile (Cortez) Barrick Mining Back River B2Gold Platreef Ivanhoe Mines Robertson (Cortez) Nevada Gold Mines Hod Maden SSR Mining Gualcamayo ASIA Group Cactus Arizona Sonoran