FINANCIAL AND OPERATING RESULTS As of December 31, 2025 Revenue to Royal Gold Since Inception US$M $32.1 Historic Revenue to Royal Gold US$M 2024: 2025: $10.7 $21.4 Acquisition Cost US$M $10.4 Investment Recovered % 308% Net Book Value US$M $7.0 MINERAL RESOURCES AND RESERVES As of December 31, 2025 Contained Gold (koz) Silver (koz) AGEOs* (koz) Proven and Probable 633 1,061 24 Measured and Indicated 64 319 3 Inferred – – – * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 12 for a description of AGEO calculation methodology. 72 Royal Gold | 2025/2026 Asset Handbook For more information, please visit: www.kinross.com INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS