77 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Mineral Resources and Reserves for Portfolio Assets SILVER RESOURCES (M) + (I) Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (g/t) (koz) (kt) (g/t) (koz) (koz) (kt) (g/t) (koz) (%) Footnotes Khoemacau Principal 100% of Payable Silver 5,580 17.02 3,053 15,010 21.91 10,574 13,627 61,500 22.67 44,816 84% 89 Peñasquito Principal 2.0% NSR 37,400 24.45 29,400 157,300 25.13 127,100 156,500 22,800 25.51 18,700 79% 4 Pueblo Viejo Principal 7.5% of Payable Gold, 75.0% of Payable Silver 11,000 8.48 3,000 50,000 8.71 14,000 17,000 4,800 7.78 1,200 74% 5 Dolores Producing 3.25% NSR (gold only), 2.0% NSR (silver only) 3,000 30.07 2,900 600 77.76 1,500 4,400 900 55.30 1,600 Undisclosed 11 Don Nicolas Producing 2.0% NSR 249 5.50 44 877 7.02 198 242 4,664 2.14 320 Undisclosed 12 El Limón Producing 3.0% NSR — — — 9,484 0.66 200 200 1,566 3.52 177 Undisclosed 13 Rainy River Producing 6.5% of Payable Gold, 60% of Payable Silver 457 1.84 27 11,319 6.02 2,192 2,219 1,388 2.58 115 60% 23 Ruby Hill Producing 3.0% NSR — — — 225,600 14.25 103,357 103,357 170,910 13.45 73,911 Undisclosed 25 Don Mario Development 3.0% NSR 135 55.27 240 4,422 4.83 687 927 1,671 3.53 190 Undisclosed 37 Hasbrouck Mountain Development 1.5% NSR 777 7.76 194 6,171 7.35 1,458 1,652 4,682 6.55 986 17-24% 38 Kutcho Creek Development 2.0% NSR 103 27.99 93 413 153.71 2,042 2,135 2,145 32.05 2,210 58-71% 40 La India Development 3.0% NSR — — — 2,142 9.25 637 637 6,154 4.65 921 Undisclosed 41 Manh Choh Development 3.0% NSR, 28% NSR (silver only) — — — 622 9.10 182 182 14 9.10 4 Undisclosed 42 Ming Development 1.0% NSR 241 20.10 156 74 14.66 35 191 62 16.10 32 Undisclosed 44 NuevaUnión Development 1.4% NSR 2,880 3.00 278 71,010 3.67 8,371 8,649 205,586 2.33 15,423 66% 45 Relief Canyon Development 2.0% NSR 8,402 3.44 929 7,197 0.63 145 1,074 1,885 0.08 5 Undisclosed 48 Berg Evaluation 1.0% NSR 34,000 4.57 5,000 976,000 4.62 145,000 150,000 542,000 3.73 65,000 66% 51 Bronson Slope Evaluation 1.0% NSR — — — — — — — 155,190 2.71 13,500 Variable 52 Caber Evaluation 1.0% NSR 800 10.00 257 700 10.00 225 482 20 6.00 4 Undisclosed 55 High Lake Evaluation 1.5% NSR — — — 7,900 83.00 21,081 21,081 6,000 84.00 16,204 83% 60 Jaguar Evaluation 1.5% NSR — — — 1,300 97.00 4,054 4,054 400 106.00 1,363 49% 63 Lawyers Evaluation 0.5% NSR 35,987 38.46 44,500 41,764 28.37 38,100 82,600 6,616 34.79 7,400 88% 65 Niblack Evaluation 1.0% to 3.0% NSR — — — 5,851 29.04 5,462 5,462 214 18.17 125 76% 69 Nieves Evaluation 2.0% NSR — — — 33,040 50.10 53,220 53,220 58,030 30.38 56,683 81% 70 Quinns Austin Evaluation 1.5% NSR 463 4.38 65 703 3.28 74 139 318 2.74 28 Undisclosed 77 Rock Creek Evaluation 1.0% NSR — — — — — — — 90,796 50.95 148,736 88% 90 San Juan Silver (Bulldog) Evaluation 3.0% NSR, 1.0% NSR — — — — — — — 2,341 507.68 38,203 89% 79 Schaft Creek Evaluation 3.5% NPI 166,000 1.50 8,006 1,127,200 1.20 43,488 51,494 316,700 1.10 11,200 48% 80 Shasta Evaluation 0.5% NSR — — — 12,578 35.03 14,166 14,166 15,432 28.72 14,249 77% 81 Wildcat Evaluation 1.0% NSR, 1.0% to 2.0% NSR — — — 60,000 3.32 6,400 6,400 22,500 2.76 2,000 Undisclosed 87 Wolverine Evaluation 0.0% to 9.445% NSR (gold and silver only) 553 364.32 6,482 911 323.78 9,488 15,970 539 333.29 5,776 Undisclosed 88 TOTAL SILVER RESOURCES 104,624 613,437 718,060 541,080 Measured Indicated Inferred