INVESTOR DAY 2026 81 Rapid Debt Repayment $775 $450 $900 $600 - $75 - $250 - $75 - $100 - $125 Outstanding at Sep. 30, 2025 Outstanding at Dec. 31, 2025 Outstanding at Mar. 31, 2026 Strengthens balance sheet and provides liquidity 1) The October 10 th , 2025 draw was for the close of the Sandstorm Gold and Horizon Copper transaction. Repayment November Repayment December Repayment January Repayment February Repayment March Draw 1 Oct. 10, 2025 $625M Total Repayments since October 20, 2025 Remaining balance expected to be repaid by early Q1 2027 At current metal prices and absent further portfolio additions Figures shown in US$M