DEVELOPMENTS AND POTENTIAL The Wharf mine has been a steady producer with a good track record for replacing depletion of gold reserves, year-on- year. During 2025, the key aims of exploration at Wharf were to complete expansion and infill programs at the Juno and North Foley deposits with the aim of extending mine life. In the third quarter of 2025, exploration results supported a doubling of mine life and a trebling of inferred resources by 1.5 million ounces. For 2026, programs are expected to be focused on further conversion at Juno and North Foley and to build on inferred resources. (2) FINANCIAL AND OPERATING RESULTS As of December 31, 2025 Revenue to Royal Gold Since Inception US$M $43.7 Historic Revenue to Royal Gold US$M 2024: 2025: $2.8 $6.7 Acquisition Cost US$M $3.7 Investment Recovered % 1189 % Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of December 31, 2023 Contained Gold (koz) AGEOs* (koz) Proven and Probable 700 14 Measured and Indicated – – Inferred – – * 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. 88 Royal Gold | 2025/2026 Asset Handbook For more information, please visit: www.coeur.com INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS