Royal Gold — Aug 6, 2025 release

10 TABLE 3 2025 Sales Volume Guidance and Year to Date Sales Volume Achieved 2025 Guidance Metal Sales by Segment for the Six Months Ended June 30, 2025 Stream Sales 1 Royalty Sales 2 Total Sales Gold (oz) 210,000 - 230,000 65,400 36,205 101,605 Silver (M oz) 2.7-3.3 1.2 0.3 1.5 Copper (M lb) 13.5 - 16.0 4.5 3.0 7.5 Other Metals (M) $18.0 - $21.0 N/A $13.8 $13.8 1 Stream Sales represents physical metal sold. 2 Royalty Sales represents royalty revenue divided by the average metal price for the period. 11 TABLE 4 Stream Segment Summary Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 As of June 30, 2025 As of March 31, 2025 Gold Stream   Purchases (oz) Sales (oz) Purchases (oz) Sales (oz) Inventory (oz) Inventory (oz) Mount Milligan 8,200 16,600 9,800 16,100 400 8,800 Pueblo Viejo 6,100 5,800 7,000 5,800 6,100 5,800 Andacollo 5,100 3,000 5,800 4,500 3,300 1,100 Other 7,100 6,800 11,800 12,800 2,900 2,700 Total 26,500 32,200 34,400 39,200 12,700 18,400 Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 As of June 30, 2025 As of March 31, 2025 Silver Stream Purchases (oz) Sales (oz) Purchases (oz) Sales (oz) Inventory (oz) Inventory (oz) Pueblo Viejo 1 196,900 204,700 332,700 218,200 196,900 204,700 Other 409,600 374,000 361,600 375,000 144,100 108,500 Total 606,500 578,700 694,300 593,200 341,000 313,200 Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 As of June 30, 2025 As of March 31, 2025 Copper Stream Purchases (Mlb) Sales (Mlb) P