FINANCIAL AND OPERATING RESULTS As of December 31, 2025 Revenue to Royal Gold Since Inception US$M $32.3 Historic Revenue to Royal Gold 2024: 2025: US$M N/A $32.3 Metal Deliveries to Royal Gold Since Inception 7.7 koz Au Advance Payment US$M $1,000.0 Investment Recovered % 3% Net Book Value US$M $987.1 MINERAL RESOURCES AND RESERVES As of December 31, 2025 Contained Gold (koz) Copper (Mlb) AGEOs* (koz) Proven and Probable 3,346 11,663 625 Measured and Indicated 1,172 4,043 109 Inferred 143 446 12 * 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. Royal Gold | 2025/2026 Asset Handbook 51 For more information, please visit: www.first-quantum.com INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS