12 ROYAL GOLD, INC. | INVESTOR PRESENTATION | MARCH 2026 364 Properties 1 30 Countries Global Portfolio Positioned in Low-Risk Jurisdictions 81 Producing 29 Dev. 76 Evaluation 178 Exploration Exposure across mining lifecycle supports optionality and revenue growth potential 1 – As of December 31, 2025. Our evaluation of the property interests acquired through the acquisitions of Sandstorm Gold and Horizon Copper remains ongoing, including ongoing mineral title work. Readers are cautioned that the summary property information in this presentation may change as a result of our ongoing evaluation, which changes may be material.