Aği Daği OPERATOR Tümad Madencilik COUNTRY: Türkiye MINE LIFE: Detail not publicly disclosed by operator. METAL(S): Gold ROYALTY: Bonus payment (details below) EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. The Aği Daği Project is located in the Canakkale Province of western Türkiye. A FS was completed for Aği Daği in 2017. The project has been designed as a 30,000 tpd open-pit, heap-leach operation with a primary and secondary crushing circuit that produces gold and silver doré. Within 60 days of the commencement of commercial production, Royal Gold will receive a production bonus of $10/oz up to 600,000 ounces. The bonus is payable by Newmont Corporation who assumed the obligation when they acquired Fronteer Gold in 2011. Royal Gold acquired the Aği Daği bonus payment effective October 20, 2025, with the acquisition of Sandstorm Gold Ltd. For more information, please visit: www.tumad.com.tr/en (1) Mineral Resources and reserves details for Aği Daği are provided in the Mineral Resources and Reserves section of this document, if available. Bogoso and Prestea OPERATOR Future Global Resources Ltd. COUNTRY: Ghana MINE LIFE: Detail not publicly disclosed by operator. METAL(S): Gold STREAM: 5.5% of Payable Gold EXPECTED STARTUP DATE: Detail not publicly disclosed by operator. The Bogoso and Prestea properties comprise a collection of adjoining mining concessions that together cover an 85- kilometer section of the Ashanti gold trend district in the central-eastern section of the Western Region of Ghana. Future Global Resources Ltd. (“FGR”) owns a 90% interest in Bogoso and Prestea, and the Government of Ghana owns the remaining 10%. RGLD Gold AG has the right to purchase 5.5% of payable gold produced from FGR’s Bogoso and Prestea mines. The cash purchase price for gold is 30% of the spot price of gold per ounce delivered. Payable gold is calculated as 99.5% of contained gold in doré or 99.0% in any other form. In September 2024, the Ministry of Lands and Natural Resources of the Government of Ghana issued a notice to FGR terminating the mining leases for Bogoso and Prestea for failure by FGR to meet certain conditions previously set out by the government. According to published reports, FGR has commenced an arbitration action against the Government of Ghana to contest the termination of the leases. For more information, please visit: www.futureglobalresources.com (1) Mineral Resources and reserves details for Bogoso and Prestea are provided in the Mineral Resources and Reserves section of this document, if available. 166 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS