76. Alturas resources are disclosed to CIM standards with an effective date of 12/31/2023. Commodity prices of $1,700 Au and $21.00 for Ag for used for disclosure. Specific cut-off grades were not disclosed. 77. Berg resources are disclosed to CIM standards with an effective date of 6/7/2023. Metal prices used for resources are $1,800 Au, $23.00 Ag, $4.00 Cu and $15.00 Mo. Cut-off grade is 0.3% Cu. 78. Bronson Slope resources are reported to CIM standards with an effective date of 12/31/2023. Royal Gold interests are estimated as covering 30% of the Bronson Slope resources. An NSR cut-off of C$10.00 per tonne is used for resource reporting. Metal price assumptions are $1600 for Au, $20.00 for Ag and $4.00 for Cu. Specific recoveries are not disclosed. The royalty shall be greater of 1% NSR; and 8.25% Net Operating Profits. 79. Burnakura resources are reported to CIM standards with an effective date of 7/17/2018. Cut-off grades used are 0.5 g/t for open-pit and 3.0 g/t for underground. Specific metallurgical recoveries and metal prices are not disclosed. The royalty pays at a rate of 1.5% for the first 75,000 ounces produced in any 12 month period and at a rate of 2.5% on production above 75,000 ounces during that 12 month period. 80. Buttercup Bore resources are reported to JORC standards with an effective date of 7/1/2022. Royal Gold royalty ground covers approximately 50% of Snook zone. Resources are evaluated within pit shells designed at AUS$2,600 and use a cut-off grade of 0.80 g/t Au. Specific recoveries used are not disclosed. 81. Caber resources are reported to JORC standards with an effective date of 12/31/2024. Specific metal prices and cut-off grades are not disclosed. The operator has the option to purchase half of the 1.0% NSR for $500,000. 82. Doby George resources are reported under CIM standards with an effective date of 1/27/2025. Gold price used for resources is $2,150, with cut-off grades of 0.17 g/t. The royalty becomes payable once 400,000 ounces have been produced. 83. FAD resources are reported under CIM standards with an effective date 10/31/2025. Metals price assumptions are $2,400 Au, $26.81 Ag, $1.04 Pb and $1.39 Zn, with a cutoff of $259/t NSR. Metallurgical recoveries vary by material type and concentrate produced. 84. Follansbee resources are reported to 43-101 standards with an effective date of 11/30/2009. Cut-off grade for resources is 5.1 g/t Au. Metal prices used are not disclosed. The operator has the option to purchase half the 2% NSR on the basis of $500,000 for each 0.5% of the NSR acquired and in doing so and having paid $1 million, leaving a 1% NSR. 85. Gold Bar resources are reported to SK-1300 standards with an effective date of 1/1/2022. Gold price assumption for resources in $1,725 Au. 80% of resource is reported to account for royalty coverage. 86. Gold River resources are reported to CIM standards with an effective date of 6/30/2025. Gold price of $1,200 was used for resource reporting, with a cut-off grade of $1,200. 87. Goldwedge resource is reported to CIM standards with an effective date of 6/4/2025. Gold price of $2,500 was used for resource reporting, with a 0.3 g/t Au cutoff grade. Only the goldwedge portion of the resource falls on our royalty area. 88. Great Bear resources are reported to CIM standards with an effective date of 12/31/2025. Resources are reported using a $2,500 gold price and cut-off grades of 0.55 g/t Au for open-pit and 2.3 to 2.5 g/t Au for underground. 89. Gum Creek resources are reported to JORC standards with an effective date of 5/15/2023. Cutoff grades of 0.4 to 0.8 gpt are used. Our royalty area covers the Howards and Orion claim areas. 90. High Lake resources are reported to JORC standards with an effective date of 12/31/2023. Resources are reported at a 2.0% CuEq cut-off for open-pit and a 4.0% CuEq cut-off for underground. Specific metals price assumptions are not disclosed. The operator has the option to purchase 0.5% of the 1.5% NSR for $1 million. 91. Holt resources are reported to CIM standards with an effective date of 12/31/2023. Resources are reported using an Au price of $1,500 and a 2.5 g/t cut-off grade. 92. Island Mountain resources were estimated to NI 43-101 standards with effective date of 8/11/2010. Only a small portion of the resource is attributed to Royal Gold royalty ground. Specific cut-off grades, metal prices, and recoveries are not disclosed. 93. Jaguar resources are reported to JORC standards and have an effective date of 12/31/2024. Our royalty covers only the Triumph deposit area. Metals prices used for resources are $1,793 Au, $26.10 Ag, $4.30 Cu, and $1.05 Zn. NSR cut-off is set at AUD$100. 94. Kubi Village resources are reported to CIM standards with an effective date of 3/11/2022. Resources are reported using a $1,750 Au price and a 2.0 g/t cut-off. The operator has the right to purchase the entire 3% NPI for $2 million within 6 months of a feasibility study. 216 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS