Red Chris • Block cave expansion project FS continuing; the expansion was designated as a project of national importance by the Government of Canada Ruby Hill • Archimedes PEA indicates a 10-year mine life with average annual gold production of 100,000 ounces Ruby Hill • Mineral Point PEA indicates a 16.5 year mine life with average annual gold production of 280,000 ounces Voisey’s Bay • Ramp-up of the VBME continued with the first full year of underground operations at Reid Brook and Eastern Deeps Xavantina • Transition to mechanized mining and start of sale of gold concentrate stockpile NEW ADDITIONS Kansanshi • Gold stream acquired August 4, 2025 Warintza • Gold stream and all-metal royalty acquired May 21, 2025 Xavantina • Incremental gold stream acquired March 28, 2025 Royal Gold | 2025/2026 Asset Handbook 31 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS