COPPER RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Kansanshi (3) Principal 365,600 0.65 4,755 658,600 0.48 6,907 1,024,200 0.52 11,663 Undisclosed Mount Milligan (4) Principal 179,919 0.17 666 290,413 0.16 1,050 470,332 0.17 1,716 Undisclosed Antamina (125) Producing 260,000 0.84 4,818 268,000 0.98 5,802 528,000 0.91 10,621 Undisclosed Caserones (132) Producing 310,122 0.34 2,325 486,958 0.27 2,899 797,080 0.30 5,223 Undisclosed Chapada (133) Producing 291,237 0.25 1,605 257,892 0.19 1,106 549,129 0.22 2,711 Undisclosed Cosalá (128) Producing 419 – – 3,330 0.36 27 3,749 0.32 27 Undisclosed Galena (129) Producing 228 0.18 1 1,015 0.27 6 1,243 0.26 7 Undisclosed Red Chris (38) Producing 3,714 0.41 34 255,571 0.52 2,930 259,286 0.52 2,963 84 % Voisey's Bay (135) Producing 19,880 0.81 355 8,456 0.77 144 28,336 0.80 499 79-97% Cactus (136) Development 38,763 0.67 574 256,963 0.45 2,531 295,725 0.48 3,106 Undisclosed Don Mario (55) Development 2,057 1.89 86 – – – 2,057 1.89 86 Undisclosed Hod Maden (57) Development 1,370 1.66 50 6,340 1.22 170 7,710 1.29 220 Undisclosed Horne 5 (58) Development – – – 80,900 0.17 303 80,900 0.17 303 Undisclosed Kundip (61) Development – – – 3,950 0.12 11 3,950 0.12 11 Undisclosed Kutcho Creek (62) Development 1,700 1.64 61 4,310 1.77 168 6,010 1.73 230 87.6-94.5% Las Cruces (137) Development 16,000 1.23 434 25,600 1.08 608 41,600 1.14 1,042 85 % NuevaUnión (69) Development 116,040 0.58 1,484 88,620 0.42 821 204,660 0.51 2,304 88 % Oyu Tolgoi (70) Development – – – 36,000 1.68 1,333 36,000 1.68 1,333 Undisclosed Platreef (72) Development – – – 129,700 0.16 458 129,700 0.16 458 Undisclosed Troilus (74) Development – – – 380,000 0.06 484 380,000 0.06 484 Undisclosed Warintza (75) Development 797,000 0.37 6,501 503,000 0.22 2,440 1,300,000 0.31 8,941 Undisclosed Royal Gold | 2025/2026 Asset Handbook 203 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS