Development Properties Royal Gold | 2025/2026 Asset Handbook 141 North America Cactus 143 Horne 5 145 Lawyers-Ranch 146 Marban 147 Troilus 149 Bachelor-Moroy 151 Barry-Gladiator 151 Bateman 152 Hasbrouck Mountain 152 Kutcho Creek 153 North Timmins 153 Pine Cove 154 South and Central America Castelo de Sonhos 155 Don Mario 156 La India 157 Warintza 158 Corani 160 Lobo-Marte 160 NuevaUnión 161 EMEA Hod Maden 162 Platreef 164 Aği Daği 166 Bogoso and Prestea 166 Ilovica 167 Karma 167 Kirazli 168 Las Cruces 168 Australia Pacific Oyu Tolgoi 169 Kundip 171 Red Dam 171 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS