SILVER RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (g/t) (koz) (kt) (g/t) (koz) (koz) (kt) (g/t) (koz) (%) Pueblo Viejo (5) Principal 11,000 5.66 2,000 50,000 8.09 13,000 15,000 9,400 8.27 2,500 74 % Antamina (125) Producing 99,000 10.18 32,408 240,000 10.98 84,717 117,125 1,250,000 10.57 424,711 Undisclosed Bayan Khundii (8) Producing 1,300 0.69 29 2,682 0.80 69 98 384 0.69 8 Undisclosed Cerro Moro (13) Producing 300 228.09 2,200 800 237.16 6,100 8,300 700 155.52 3,500 Undisclosed Cosalá (128) Producing 1,680 87.87 4,746 5,761 90.49 16,760 21,506 3,072 105.98 10,467 Undisclosed Don Nicolas (16) Producing 196 15.37 97 282 11.82 107 204 1,162 3.35 125 30-61% El Limón (17) Producing – – – 8,530 0.54 149 149 6,332 2.47 503 Undisclosed Fruta del Norte (18) Producing 2,550 13.84 1,135 4,402 12.00 1,698 2,833 10,244 15.40 5,071 Undisclosed Galena (129) Producing 1,016 441.39 14,418 4,553 408.21 59,755 74,173 6,843 465.88 102,497 Undisclosed Khoemacau (130) Producing 6,000 10.33 1,993 9,800 20.06 6,321 8,314 74,000 19.86 47,262 84 % Manh Choh (29) Producing 621 11.87 237 383 6.62 81 319 – – – Undisclosed Mercedes (33) Producing 784 58.48 1,474 1,127 58.87 2,133 3,607 383 36.06 444 Undisclosed Moss (34) Producing 6,685 4.56 980 33,265 3.53 3,780 4,761 8,628 1.46 406 Undisclosed Peñasquito (35) Producing 52,800 28.33 48,100 172,100 25.28 139,900 188,000 9,200 24.00 7,100 80 % Rainy River (37) Producing 304 17.39 170 56,398 3.47 6,290 6,460 7,529 4.14 1,003 60 % Ruby Hill (39) Producing – – – 218,773 14.85 104,423 104,423 198,630 14.37 91,759 40 % Woodlawn (48) Producing 93 184.47 552 2,033 52.54 3,434 3,986 3,135 70.00 7,055 Undisclosed Corani (127) Development 10,255 30.63 10,100 89,797 29.06 83,900 94,000 73,185 35.49 83,500 Undisclosed Don Mario (55) Development 135 55.27 240 4,422 4.83 687 927 1,671 3.53 190 Undisclosed Hasbrouck Mountain (56) Development 777 7.76 194 6,171 7.35 1,458 1,652 4,682 6.55 986 17-24% Horne 5 (58) Development 10,839 15.70 5,471 13,857 15.21 6,777 12,248 24,311 21.40 16,727 Undisclosed Kirazli (60) Development – – – 3,056 2.71 266 266 7,694 8.71 2,155 Undisclosed Kundip (61) Development – – – 710 3.29 75 75 3,150 2.52 255 Undisclosed Kutcho Creek (62) Development 103 27.99 93 413 153.71 2,042 2,135 2,145 32.05 2,210 58-71% La India (63) Development – – – 2,142 9.25 637 637 6,154 4.65 921 Undisclosed Lawyers-Ranch (64) Development 17,791 23.02 13,168 22,178 21.96 15,661 28,830 9,917 21.06 6,715 Undisclosed NuevaUnión (69) Development 2,880 3.00 278 71,010 3.67 8,371 8,649 205,586 2.33 15,423 66 % Oyu Tolgoi (70) Development – – – 83,000 4.21 11,234 11,234 161,000 2.84 14,701 Undisclosed Troilus (74) Development – – – 128,300 1.36 5,613 5,613 80,500 1.47 3,811 Undisclosed Warintza (75) Development 399,000 1.25 16,000 2,047,000 1.12 73,800 89,800 2,092,000 1.12 75,000 Undisclosed Berg (77) Evaluation 34,000 4.57 5,000 976,000 4.62 145,000 150,000 542,000 3.73 65,000 66 % Blende (126) Evaluation – – – 3,650 35.72 4,192 4,192 32,980 32.05 33,980 Undisclosed Bronson Slope (78) Evaluation – – – – – – – 155,190 2.71 13,500 Undisclosed Caber (81) Evaluation 800 10.00 257 700 9.00 203 460 – – – Undisclosed FAD Property (83) Evaluation – – – 594 209.77 4,006 4,006 2,736 188.55 16,586 Undisclosed High Lake (90) Evaluation – – – 7,900 83.00 21,081 21,081 6,000 84.00 16,204 83 % Jaguar (93) Evaluation – – – 1,300 97.00 4,054 4,054 400 106.00 1,363 49 % Long Lake (95) Evaluation – – – 407 48.91 640 640 78 31.90 80 Undisclosed MARA (97) Evaluation 127,000 3.60 14,699 1,080,000 3.30 114,585 129,285 110,000 1.90 6,720 Undisclosed Ming (67) Evaluation 241 20.10 156 74 14.66 35 191 62 16.10 32 Undisclosed Minyari (98) Evaluation – – – 32,370 0.51 533 533 15,370 0.27 133 Undisclosed Mt. Hamilton (100) Evaluation 19,051 5.67 3,473 7,339 5.79 1,366 4,839 1,324 6.11 260 Undisclosed Niblack (101) Evaluation – – – 5,851 29.04 5,462 5,462 214 18.17 125 76 % Nieves (102) Evaluation – – – 33,040 50.10 53,220 53,220 58,030 30.38 56,683 81 % Point Leamington (110) Evaluation – – – 5,013 12.41 2,000 2,000 15,440 15.31 7,600 25 % Quinns Austin (112) Evaluation 463 4.38 65 703 3.28 74 139 318 2.74 28 Undisclosed Relief Canyon (114) Evaluation 8,402 3.44 929 7,197 0.63 145 1,074 1,885 0.08 5 Undisclosed Rock Creek (131) Evaluation – – – – – – – 90,716 50.98 148,688 88 % San Juan Silver (Bulldog) (115) Evaluation – – – – – – – 2,133 539.97 37,026 89 % Schaft Creek (116) Evaluation 166,000 1.50 8,006 1,127,200 1.20 43,488 51,494 316,700 1.10 11,200 48 % Shasta (117) Evaluation – – – 11,881 37.32 14,256 14,256 14,865 29.06 13,888 86 % Tavsan (119) Evaluation 3,763 4.75 575 2,418 4.10 319 893 1,469 4.46 211 Undisclosed Wildcat (123) Evaluation – – – 60,000 3.32 6,400 6,400 22,500 2.76 2,000 Undisclosed Wolverine (124) Evaluation 553 364.32 6,482 911 323.78 9,488 15,970 539 333.29 5,776 Undisclosed 202 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS
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