Royal Gold — Feb 12, 2025 release

GILTI income tax expense related to consideration received from the Mount Milligan Cost Support Agreement; including this amount, the effective tax rate was 22% for 2024. Outlook for 2025 We expect a softer start to 2025 with stream segment sales of between 40,000 and 45,000 GEOs for the quarter ended March 31, 2025, and we expect to issue guidance for 2025 sales volumes, DD&A expense, and effective tax rate in mid to late March, 2025. Property Highlights A breakdown of revenue for the Company’s stream and royalty portfolio can be found on Table 1 for the three month and full year periods ended December 31, 2024 and December 31, 2023. Table 2 shows stream metal sales and metal sales attributable to the Company’s royalty interests for the Company’s principal stream and royalty properties. Table 3 shows Royal Gold's 2024 sales volume guidance and year to date sales volume achieved. Table 4 shows s tream segment purchases and sales for the three month and full year periods ended December 31, 2024 and December 31, 2023 and inventories at December 31, 2024 and December 31, 2023. Highlights at certain of the Company’s principal producing and development properties during 2024 compared to 2023, are detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which is expected to be filed with the Securities and Exchange Commission on February 13, 2025. CORPORATE PROFILE Royal Gold is a precious metals stream and royalty company engag