42 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Top 5 44% Top 6-10 11% Top 11-20 8% Other Identifiable 22% Remainder 15% 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; December 31, 2023 or as available. Dominant Orientation Passive 44% Active 41% Retail 15%