42 ROYAL GOLD, INC. | INVESTOR PRESENTATION | MARCH 2025 Top 5 42% Top 6-10 12% Top 11-20 8% Other Identifiable 26% Remainder 12% 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: NASDAQ, per 13-F filings; December 31, 2024 or as available. Dominant Orientation Retail 12% Passive 43% Active 45%