12 ROYAL GOLD, INC. | INVESTOR PRESENTATION | OCTOBER 2025 172 Properties 1 17 Countries Global Portfolio Positioned in Low-Risk Jurisdictions 42 Producing 18 Dev. 50 Evaluation 62 Exploration ~60% 2024 revenue from Tier 1 jurisdictions • 35% Canada • 17% United States • 4% Australia Exposure across mining lifecycle supports optionality and revenue growth potential 1 – As of September 30, 2025; does not include potential additions from Sandstorm Gold and Horizon Copper portfolios.