35 Significant Growth in Attributable GEOs 0 1 2 3 4 5 6 7 8 9 10 2024 2025 2024 2025 Principal Producing Development Evaluation Acquisitions and organic developments provided increases across the portfolio 1) Attributable GEO reserves and resources (AGEOs) are a measure calculated by Royal Gold to define the portion of an operator’s reported reserves or resources that are attributable to Royal Gold’s royalty or stream interest. Measured and Indicated AGEOs exclude reserves. Refer to Royal Gold’s 2025/2026 Asset Handbook for a discussion of the calculation methodology and limitations. 2) Metal prices used for 2024 AGEOs: $2,550/oz gold, $30/oz silver, $4.00/lb copper, $0.85/lb lead, $1.20/lb zinc, $6.75/lb nickel, $13/lb cobalt, $19/lb molybdenum. 3) Metal prices used for 2025 AGEOs: $4,000/oz gold, $55/oz silver, $5.00/lb copper, $0.91/lb lead, $1.35/lb zinc, $7.30/lb nickel, $20/lb cobalt, $21/lb molybdenum. 4.3M AGEOs 7.0M AGEOs 4.6M AGEOs 5.6M AGEOs in M ounces Proven & Probable Measured & Indicated