Wharf (24) $6.7 97 koz Au 136 koz Ag 72-90 koz Au 50-200 koz Ag 121 koz Au Ag not provided 87 koz Au Ag not provided 73 koz Au Ag not provided LT outlook: 2025 expansion and infill programs at Juno, Wedge and North Foley deposits extended mine life to 2037 Greenstone (25) $3.8 224 koz Au 250-300 koz Au 350 koz Au 412 koz Au 317 koz Au LT outlook: ramping up to achieve design capacity during 2026 King of the Hills (26) $6.5 193 koz Au (YE June 30, 2025) 185-200 koz Au (YE June 30, 2026) n/a n/a n/a LT outlook: underground production is expected to continue to Q4 of FY 2030, and open-pit production to Q2 FY 2036 Chapada (27) $— 42 kt Cu 40-50 kt Cu 43-48 kt Cu 40-45 kt Cu n/a LT outlook: the Saúva deposit represents a near mine opportunity to add ~15,000 to 20,000 tonnes of copper production per year Gwalia (28) $5.5 107 koz Au 120-130 koz Au 120-130 koz Au 120-130 koz Au 120-130 koz Au LT outlook: 15-year mine life extends to 2039 Dolores (29) $5.3 38 koz Au 1.0 Moz Ag 18-20 koz Au 0.35-0.45 Moz Ag n/a n/a n/a LT outlook: residual leaching with continued gold production expected for 2 years and silver production for 7 years Granite Creek (30) $5.0 23 koz Au 30-40 koz Au 60 koz Au 70 koz Au 80 koz Au LT outlook: Granite Creek open-pit has potential to add an additional 130,000 ounces of gold production Red Chris (31) $4.5 92 koz Au 93 Mlb Cu (100%) 47.5-52.5 koz Au 60-66 Mlb Cu (100%) n/a n/a n/a LT outlook: FS on a potential underground block cave mine Mara Rosa (32) $3.6 40 koz Au 67-80 koz Au 82-105 koz Au 82-105 koz Au 82-105 koz Au LT outlook: current 8-year mine life has potential for extension resulting from new mineralization identified below the main pit Back River Gold District (33) $1.0 53 koz Au 170-230 koz Au 300 koz Au 300 koz Au 300 koz Au LT outlook: significant exploration upside and further opportunities to potentially expand existing 4,000 tpd mill to 6,000 tpd Don Nicolas (34) $0.7 50 k GEO 50-60 k GEO 60 koz Au 515 koz Ag 51 koz Au 288 koz Ag 9 koz Au 25 koz Ag LT outlook: accelerated exploration targeting resource additions and CIL plant feed Ruby Hill (35) $0.3 10 koz Au 6 koz Au 8 koz Au 3 koz Au LT outlook: i-80 currently evaluating potential OP and UG opportunities Producing Property 2025 Revenue (USD Million) 2025A 2026E 2027E 2028E 2029E 36 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS