Our Counterparties Royal Gold’s operating counterparties include some of the largest and most well-known mining companies in the world. Royal Gold | 2025/2026 Asset Handbook 19 22% $224 million 17% $179 million (1) Others 10% $105 million (1) 8% $86 million 7% $71 million 5% $52 million 5% $47 million 3% $32 million 3% $30 million 18% $184 million 2025 REVENUE DISTRIBUTION ACROSS TOP COUNTERPARTIES 2% $22 million (1) Revenue generated from Cortez, Goldstrike, Leeville and Twin Creeks has been allocated to Barrick and Newmont based on their respective interests in Nevada Gold Mines. INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS