Payable Metal Under Stream Agreements Generally, Royal Gold’s metal streams are based on metal produced at the mine site contained in doré or concentrate, less only a payable factor defined within the terms of the stream agreements, and not subject to any deductions between operator and offtaker. The percentages highlighted below are the contractual payable percentages specified under our stream agreements and not necessarily what the operator receives. PAYABLE METAL Stream Metal Product Payable % Source Mount Milligan Gold Concentrate 97.0% Stream agreement Copper Concentrate Greater of 95% or actual % paid Stream agreement Pueblo Viejo Gold Doré 99.9% Stream agreement Silver Doré 99.0% Stream agreement Andacollo Gold Concentrate 89.0% Stream agreement Rainy River Gold Doré 100.0% Stream agreement Silver Doré 100.0% Stream agreement Wassa Gold Doré 99.5% Stream agreement Khoemacau Silver Concentrate 90.0% Stream agreement Xavantina Gold Doré 99.0% Stream agreement Bonikro Gold Doré Variable % Stream or offtake agreement Greenstone Gold Doré Variable % Stream or offtake agreement Blackfox Gold Doré Variable % Stream or offtake agreement Chapada Copper Concentrate Variable % Stream or offtake agreement Woodlawn Silver Concentrate Variable % Stream or offtake agreement Blyvoor Gold Doré Variable % Stream or offtake agreement South Arturo Silver Doré Variable % Stream or offtake agreement Cerro Moro Silver Doré Variable % Stream or offtake agreement Platreef Gold Concentrate 80.0% Stream agreement Santa Elena Gold Doré Variable % Stream or offtake agreement Royal Gold | 2025/2026 Asset Handbook 11 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS