72 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Mineral Resources and Reserves for Portfolio Assets COPPER RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Footnotes Mount Milligan Principal 35% of Payable Gold, 18.75% of Payable Copper 215,640 0.17 828 34,386 0.18 134 250,026 0.17 962 Undisclosed 3 Red Chris Producing 1.0% NSR — — — 288,429 0.51 3,221 288,429 0.51 3,221 84% 24 Voisey's Bay Producing 2.7% NVR 15,539 0.80 274 15,549 0.84 288 31,088 0.82 562 80-85% 92 Don Mario Development 3.0% NSR 2,057 1.89 86 — — — 2,057 1.89 86 Undisclosed 37 Kutcho Creek Development 2.0% NSR 1,700 1.64 61 4,310 1.77 168 6,010 1.73 230 87.6-94.5% 40 Las Cruces Development 1.5% NSR (copper only) 16,000 1.23 434 25,600 1.08 608 41,600 1.14 1,042 85% 93 NuevaUnión Development 1.4% NSR 116,040 0.58 1,484 88,620 0.42 821 204,660 0.51 2,304 88% 45 TOTAL COPPER RESERVES 3,167 5,240 8,407 LEAD RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Footnotes Peñasquito Principal 2.0% NSR 123,700 0.37 1,009 167,300 0.31 1,143 291,000 0.34 2,152 73% 4 TOTAL LEAD RESERVES 1,009 1,143 2,152 ZINC RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Footnotes Peñasquito Principal 2.0% NSR 123,700 0.94 2,563 167,300 0.63 2,324 291,000 0.76 4,887 82% 4 Kutcho Creek Development 2.0% NSR 1,700 2.38 89 4,310 2.98 284 6,010 2.81 373 64-89% 40 TOTAL ZINC RESERVES 2,653 2,607 5,260 NICKEL RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Footnotes Voisey's Bay Producing 2.7% NVR 15,539 1.72 589 15,549 1.88 644 31,088 1.80 1,234 68-86% 92 TOTAL NICKEL RESERVES 589 644 1,234 Proven Probable Proven and Probable Proven Probable Proven and Probable Proven Probable Proven and Probable Proven Probable Proven and Probable