4 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Company Overview Opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mining operations Gold Silver Copper Others Royalty Interests: An interest in real property (generally) that provides a right to a percentage of revenue or metals produced from a mining project after deducting specified costs Stream Interests: A contractual arrangement to purchase metal production from a mining project at a predetermined price Calendar 2023 Revenue Split: COUNTRIES 1 17 GOLD-FOCUS 2 76% 1 – As of September 30, 2024. 2 – Calendar 2023. 3 – January 3, 2025 closing price of $134.44/sh. STREAMS 69% ROYALTIES 31% Producing Development Evaluation Exploration Dual Business Segments... ...Across A Diverse, Gold-Focused Portfolio... ...With Standout Performance PROPERTIES 1 175 $8.8B MARKET CAP. 3 $606M REVENUE 2 $1.1B TOTAL AVAILABLE LIQUIDITY 1 30/4 EMPLOYEES/OFFICES 2 312,100 GOLD EQUIVALENT OZ 2 Canada United States Dominican Rep. Chile Ghana Mexico Botswana Brazil Australia Other