Gold-Focused Portfolio High Margin with Dividend Growth Highly Diversified Portfolio Limited Operating Risk Optimal Size Advantage Embedded Growth and Optionality 24 6 1 2 3 4 5 TABLE OF CONTENTS Precious Metals Exposure with Disciplined Financial Performance 24 Embedded Growth and Optionality
Royal Gold, Inc. Investor Presentation - September 2026 Page 23 Page 25