24 ROYAL GOLD, INC. | INVESTOR PRESENTATION | MARCH 2025 Well-Diversified Portfolio Reduces Single-Asset Risk Portfolio is gold-focused and diverse with respect to counterparty, asset, mine type and geography * Mine type defined by metal that provides majority revenue 67% 33% BY BUSINESS SEGMENT Stream Royalty 76% 12% 9% 3% BY METAL Gold Silver Copper Other BY OPERATOR 26% Centerra 19% Barrick 11% Newmont 7% Chifeng 7% Teck 6% New Gold 5% Ero Copper 5% MMG 15% Other BY MINE 26% Mount Milligan 12% Pueblo Viejo 10% Cortez 7% Wassa 7% Andacollo 6% Peñasquito 6% Rainy River 5% Xavantina 21% Other BY MINE TYPE 59% Gold 26% Gold/Copper 14% Copper 1% Other BY COUNTRY 35% Canada 17% United States 12% Dominican Republic 7% Mexico 7% Ghana 7% Chile 6% Brazil 5% Botswana 4% Australia 1% Other