Royal Gold — May 7, 2025 release

8 TABLE 3 2025 Sales Volume Guidance and Year to Date Sales Volume Achieved 2025 Guidance Metal Sales by Segment for the Three Months Ended March 31, 2025 Stream Sales 1 Royalty Sales 2 Total Sales Gold (oz) 210,000 - 230,000 33,300 17,892 51,192 Silver (M oz) 2.7-3.3 0.6 0.2 0.8 Copper (M lb) 13.5 - 16.0 2.2 1.8 4.0 Other Metals (M) $18.0 - $21.0 N/A $7.3 $7.3 1 Stream Sales represents physical metal sold. 2 Royalty Sales represents royalty revenue divided by the average metal price for the period. 9 TABLE 4 Stream Segment Summary Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 As of March 31, 2025 As of December 31, 2024 Gold Stream   Purchases (oz) Sales (oz) Purchases (oz) Sales (oz) Inventory (oz) Inventory (oz) Mount Milligan 16,100 11,800 15,200 12,500 8,800 4,500 Pueblo Viejo 5,800 7,700 5,800 6,200 5,800 7,700 Andacollo 5,500 4,400 4,900 5,700 1,100 — Other 8,800 9,400 13,800 13,700 2,700 3,300 Total 36,200 33,300 39,700 38,100 18,400 15,500 Silver Stream Purchases (oz) Sales (oz) Purchases (oz) Sales (oz) Inventory (oz) Inventory (oz) Pueblo Viejo 1 204,700 219,400 218,200 223,000 204,700 219,400 Other 367,500 378,000 383,100 412,000 108,500 119,000 Total 572,200 597,400 601,300 635,000 313,200 338,400 Copper Stream Purchases (Mlb) Sales (Mlb) Purchases (Mlb) Sales (Mlb) Inventory (Mlb) Inventory (Mlb) Mount Milligan 3.1  2.2  3.4  2.5  0.9  —  1 Silver stream purchases do not include 300 ,200 ounces of silver perm