Royal Gold — Aug 5, 2026 release

2026 Guidance Ranges Actual Performance Through June 30, 2026 Total Sales Gold (oz) 290,000–320,000 143,968 Silver (M oz) 3.0–3.5 1.6 Copper (M lb) 21.0–25.0 14.2 Other Metals (M) $34–$38 $29 DD&A (M) $339–379 $187 Effective Tax Rate 17–22% 19.9%* * Year to date effective tax rate excluding discrete tax items. 2 Corporate Activity Buyback and Cancellation of Shares During the second quarter, and in accordance with the previously-announced $500 million share repurchase program approved by the Board of Directors on May 4, 2026, we repurchased 147,205 shares at an average price of $203.80 per share, for total consideration of $30 million. The repurchased shares were cancelled and 84,673,027 shares remain outstanding as of June 30, 2026. The manner, timing, pricing and amount of any repurchases under the program will be subject to management's discretion and may be based upon market conditions and alternative opportunities for the use or investment of capital. Settlement of Fixed Delivery Obligations for the Relief Canyon Mine On June 11, 2026, Royal Gold and Americas closed an agreement to settle the remaining fixed delivery obligations owed to Royal Gold related to the Relief Canyon mine. Under the agreement, Americas' obligation to deliver 8,861 ounces of gold over the period between June 2026 and December 2027 was settled in exchange for immediate delivery of 5,000 ounces of gold, which were sold during the second qu