DEVELOPMENTS AND POTENTIAL In 2026, Agnico Eagle expects higher gold production from the LaRonde Complex, in part supported by an increase in mining rate at LZ5 to 3,800 tpd, a year earlier than previously anticipated. (4) FINANCIAL AND OPERATING RESULTS As of December 31, 2025 Revenue to Royal Gold Since Inception US$M $25.5 Historic Revenue to Royal Gold US$M 2024: 2025: $3.6 $10.7 Acquisition Cost US$M $3.4 Investment Recovered % 743 % Net Book Value US$M $1.1 MINERAL RESOURCES AND RESERVES As of December 31, 2023 Contained Gold (koz) AGEOs* (koz) Proven and Probable 635 13 Measured and Indicated 774 15 Inferred 1,134 23 * 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. 68 Royal Gold | 2025/2026 Asset Handbook For more information, please visit: www.agnicoeagle.com INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS