95. Long Lake resources are reported to CIM standards with an effective date of 3/13/2012. Metals price assumptions of $1 Zn, $40 Ag, $4 Cu and $ 1.20 were used for classification of resource, with a ZnEq cutoff grade of 7%. 96. Long Valley resources are reported to CIM standards with an effective date of 9/21/2020. Resources are reported at a $1,800 Au price, with cut-offs of 0.17 g/t for oxide and 0.21 g/t for mixed and sulfide material. 97. MARA resources are reported to JORC standards with an effective date of 12/31/2025. Resources are reported at a cutoff grade of 0.18% Cu. Specific metals prices and recoveries used are not disclosed. 98. Minyari resources are reported to JORC standards with an effective date of 5/1/2025. Metal prices used are $2030 Au, $24.50 Ag $4.06 Cu and $22.55 Co. Cutoff grades are 0.40 Aueq OP and 1.5 gpt UG. 99. Mt. Fisher resources are reported to JORC standards with an effective date of 11/2/2022. Resources use a $1,750 Au price and a 0.5 g/t Au cut-off. The royalty is capped at 500,000 ounces. 100. Mt Hamilton resources are reported to CIM standards with an effective date of 11/10/2025. $2,400 Au and $28 Ag prices are used for resource reporting with a cutoff grade of 0.006 opt Au. 101. Niblack resources are reported to CIM standards with an effective date of 2/14/2022. Resources use metal prices of $1,650 Au, $20.00 Ag, $3.50 Cu, and $1.10 Zn and a $100 NSR cut-off. The royalty rate is 1.0% for each ton of ore having a value of less than $115 per ton; 2.0% for each ton of ore having a value between $115 and $135 per ton; and 3.0% for each ton of ore having a value greater than $135 per ton. 102. Nieves resource was reported to NI 43-101 standards with an effective date of 10/31/2012. Metal prices used were $1,375 for Au and $26.00 for Ag. Cut-off grade was 15 g/t Ag. 103. North Island resources are reported to CIM standards with an effective date of 3/1/2024. Resources use metal prices of $1,650 Au, $3.25 Cu, and $10.00 Mo, and a cut-off grade of 0.1% Cu. Royal Gold’s interest excludes the Red Dog prospect. 104. Nutmeg Mountain resources are reported to CIM standards with an effective date of 8/29/2025. Resources use a $1,750 Au price and a 0.30 g/t cut-off grade. A $325,000 payment is due upon production of the first 100,000 ounces. Once production reaches 200,000 ounces, the royalty begins paying on a sliding scale, which caps at 2.0% at a gold price equal to or above $425 per ounce. 105. Omai resources are reported to CIM standards with an effective date of 8/25/2025. A $2,500 Au price and 92% recovery were used. Cutoff grades of 0.2 gpt open pit and 1.5 gpt underground were applied. 106. Paddington resources are reported to JORC standards with an effective date of 12/31/2014. Resources are reported at a cut-off grade of 0.80 g/t Au based on a gold price of $2,000. Royal gold royalty covers a single claim which includes the Natal project. 107. Pascua–Lama resources are reported to CIM standards with an effective date of 12/31/2025. Approximately 20% of the royalty is limited to the first 14.0 million ounces of gold produced from the project. Also, 24% of the royalty can be extended beyond 14.0 million ounces produced for $4.4 million. In addition, a one-time payment totaling $8.4 million will be made if gold prices exceed $600 per ounce for any six-month period within the first 36 months of commercial production. The royalty is based on a sliding scale, which caps at 5.45% at a gold price equal to or above $800 per ounce. 108. Pickle Crow resources are reported to JORC standards with an effective date of 12/31/2022. Cutoff grades of 2.0 and 3.0 g;t Au were used. Specific metals prices and recoveries were not disclosed. 109. Pinnacles resources are disclosed to JORC standards with an effective date of 12/15/2020. Cut-off grades uses are 0.5 g/t for open-pit and 1.0 g/t for underground. Specific gold prices and recoveries are not disclosed. 110. Point Leamington resources are reported to CIM standards with an effective date of 12/9/2021. Metals prices of $1,625 Au, $22 Ag, $3.50 Cu, and $1.20 Zn were used, with $C25 NSR cut-off for open pit and $C75 for underground. 111. Pony Creek resources were reported to CIM standards with an effective date of 2/24/2022. A gold price of $1,600 and cutoff grades of 0.15 to 0.27 gpt Au were used. 112. Quinns Austin resources are disclosed to JORC standards with an effective date of 4/6/2010. Metal prices used are $1,135 Au, $18.00 Ag, $3.61 Cu, and $1.09 Zn, with a cut-off grade of 0.4% Cu. 113. Red October resources are disclosed to JORC standards with an effective date of 6/30/2024. Specific metal prices, recoveries and cut-off grades are not disclosed. Royal Gold | 2025/2026 Asset Handbook 217 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS