Royal Gold — Feb 12, 2025 release

Annual Dividend for 2025 Raised 12.5% to $1.80 Per Share, the 24 th Consecutive Annual Increase On November 19, 2024, the Royal Gold Board of Directors approved an increase in the Company's annual calendar year common stock dividend of 12.5% from $1.60 to $1.80 per share, payable on a quarterly basis of $0.45 per share. We have paid out dividends of approximately $1 billion since our first dividend payment in 2000, and Royal Gold is the only precious metals company in the S&P High Yield Dividend Aristocrats Index. 2024 Performance Compared to Guidance 6 Royal Gold provided guidance for 2024 metal sales volumes, DD&A expense and effective tax rate in April, 2024. When compared to the guidance ranges provided (as shown in the table below), gold sales achieved the high end of the guidance range and copper sales and other metal sales exceeded the respective guidance ranges. DD&A expense and effective tax rate were within the respective guidance ranges. Silver sales were slightly lower than the guidance range, primarily due to lower sales from Pueblo Viejo resulting from low silver recoveries. 2024 Guidance Ranges 2024 Actual Performance Total Sales: Gold 215,000 - 230,000 oz 228,700 oz Silver 3.2 - 3.8 M oz 3.1 M oz Copper 14.0 - 16.0 M lb 16.1 M lb Other Metals $17.0 - 20.0 M $22.7 M DD&A $141 - 157 M $144.4 M Effective Tax Rate 17 - 22% 19%* * Note that the effective tax rate of 19% excludes a $13.0 million discrete U.S. GILTI income tax expense related to consideration received from the Mount Mil