Gold-Focused Portfolio High Margin with Dividend Growth Highly Diversified Portfolio Limited Operating Risk Optimal Size Advantage Embedded Growth and Optionality 7 6 1 2 3 4 5 TABLE OF CONTENTS Precious Metals Exposure with Disciplined Financial Performance Gold-Focused Portfolio 7

Royal Gold, Inc. Investor Presentation - September 2026 - Page 7 Royal Gold, Inc. Investor Presentation - September 2026 Page 6 Page 8