37 ROYAL GOLD, INC. | INVESTOR PRESENTATION | SEPTEMBER 2025 US Domicile and Register are Unique Top 5 42% Top 6-10 12% Top 11-20 8% Other Identifiable 28% Remainder 9% U.S. BASED • Only U.S. based streaming and royalty company • Member of >200 U.S. indices • 66M shares outstanding; lowest in the GDX index Register Breakdown Source: NASDAQ, per 13-F filings; June 30, 2025 or as available. Dominant Orientation Retail 9% Passive 43% Active 48%