INVESTOR DAY 2026 30 Royal Gold Outperforming Peers 1% - 7% 1.6% 14% 16% 20% Since closing of Sandstorm/Horizon transaction, share price has outperformed Source: CapIQ, Share performance between October 20, 2025 and March 25, 2026. Royal Gold Wheaton PM Franco Nevada Triple Flag OR Royalties Gold Share Performance October 20, 2025 to March 25, 2026