ò Producing ò Development ò Evaluation ò Exploration ANDES REGION (CHILE, PERU, ECUADOR) The Andean Cordillera running through Chile, Peru, and Ecuador is one of the most mineral-rich geological belts in the world. It hosts the largest concentration of copper deposits globally, many of which have significant precious metals components. The Andes Region by the Numbers: • The Andes mountain range formed from subduction of the Nazca Plate beneath the South American Plate, creating a long chain of volcanic arcs and intrusive systems that create a continuous mineral belt over 5,000 kilometers long. • Chile hosts the largest concentration of copper deposits in the world, with several porphyry copper systems that contain billions of tonnes of ore. • Peru is the second-largest global copper producer and Ecuador is emerging as a prospective new mining region with world-class base and precious metals discoveries. Royal Gold in the Andes Region by the Numbers: • Royal Gold has multiple interests clustered in the Maricunga and El Indio belts of Chile, the Andahauylas- Yauri and Central Polymetallic belts of Peru, and the Jurassic Porphyry-Epithermal belt of Ecuador. • The Andacollo mine in Chile was Royal Gold’s 3rd- largest revenue source in 2025 at approximately $78 million. • Royal Gold acquired a 1.66% NPI royalty on Antamina through the Sandstorm and Horizon acquisition, which paid approximately $24 million for the full year of 2025. Royal Gold | 2025/2026 Asset Handbook 17 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS