Galena Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. Granite Creek Royalty rate shown in map is simplified. Royal Gold holds a 3% NSR royalty and a 2.94% NSR royalty on all metals produced from Section 29; a 0.98% - 3.92% NSR, after 200,000 ounces have been produced, the royalty rate varies depending on pre-existing royalties (to a maximum of 6%) from Section 28, and a 5% NSR, which only applies to a small portion of Section 28; a 3.75% - 3.92% NSR, after 200,000 ounces have been produced, the royalty rate varies depending on pre-existing royalties (to a maximum of 6%) from Section 32; and a 0.49% - 0.98% NSR, after 200,000 ounces have been produced, the royalty rate is based on the Average Gross Value of gold from Section 33. Greenstone Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. Johnson Camp Royalty Claims shown are based on the Annual Report on Form 10-K filed by Nord Resources Corporation (the operator of JCM at that time) dated March 31, 2010, and may differ from the current claim position of the operator. Karma Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. La India Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. The AOI is not depicted on this map. Manh Choh Contango Royalty indicates the royalty held by Royal Gold at the Hona, Eagle and Triple Z property. MARA Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. Mercedes Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. North Timmins Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. The AOI is not depicted on this map. Omai Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire claims within the AOI. Pine Cove Royalty AOI is based on the Agreement between International Corona Corporation and Novagold Resources Inc. dated February 27, 1992, and may differ from the current claim position of the operator. Rainy River Stream Agreement Outline is based on the Gold and Silver Purchase and Sale Agreement between New Gold Inc. and RGLD Gold AG dated July 20, 2015, and may differ from the current claim position of the operator. Relief Canyon Royalty Claims shown are based on the National Instrument 43-101 Technical Report and Feasibility Study for the Relief Canyon Project dated July 6, 2018, and may differ from current claim position of the operator. Ruby Hill A portion of the Windfall Royalty is depicted for illustrative purposes only. Skyline Royalty Agreement Outline is based on the Overriding Royalty Payment Agreement between Skyline Partners 1993, L.P. and Canyon Fuel Company, LLC dated February 23, 2000, and may differ from the current claim position of the operator. Vale Northern and Southeastern Systems Royalty Claims shown are based on Vale’s Form 20-F for the fiscal year ended December 31, 2024. The area subject to Royal Gold’s interest may differ from the boundaries shown. Wassa Royal Gold’s interests extend to an AOI beyond the property boundaries, should the operator acquire interests within the AOI. Property Footnotes 222 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS