12 ROYAL GOLD, INC. | INVESTOR PRESENTATION | SEPTEMBER 2025 171 Properties 1 17 Countries Global Portfolio Positioned in Low-Risk Jurisdictions 40 Producing 19 Dev. 51 Evaluation 61 Exploration ~60% 2024 revenue from Tier 1 jurisdictions • 35% Canada • 17% United States • 4% Australia Exposure across mining lifecycle supports optionality and revenue growth potential 1 – As of June 30, 2025; does not include potential additions from Sandstorm Gold and Horizon Copper portfolios.