Table of Contents Introduction 5 Attributes of Our Business 6 Our Business 6 Where Streams and Royalties Fit 6 Streams Versus Royalties – Details 7 Accounting Treatment 8 Timing Differences Related to the Production, Delivery and Sale of Metal 10 Payable Metal Under Stream Agreements 11 Attributable Gold Equivalent Ounces 12 Portfolio Overview 13 Global Portfolio Map 13 Exposure to Important Mining Regions 14 Our Counterparties 19 Brief History of Portfolio Additions – Last 10 Years 20 Five-Year Revenue History 26 2025 Revenue Breakdown 29 Expected Performance and Outlook 30 Notable Portfolio Changes in 2025 30 Portfolio Asset Mine Life 32 Summary of Portfolio Outlook 34 Portfolio Details 38 Principal Properties 38 Producing Properties (Excluding Principal Properties) 53 Development Properties 141 Highlighted Evaluation Properties 172 Progress to Stream Changes for Properties Acquired from Sandstorm Gold 184 Evaluation/Exploration Properties 185 Portfolio Attributable Gold Equivalent Ounces 194 Mineral Resources and Reserves 196 Footnotes for Mineral Resources and Reserves 209 Footnotes for Area of Interest Maps 221 Reference Materials 223 Abbreviations/Definitions/Glossary 223 Cautionary Statements 228 Corporate Information 229