Royal Gold — Aug 5, 2026 release

("Solaris") following technical approval of the environmental impact assessment ("EIA") and publication of a pre-feasibility study ("PFS") for the Warintza Project • Restructured ownership of the Hod Maden Project interests and funded $70 million in project costs • Added a new $600 million uncommitted accordion facility to the $1.4 billion revolving credit facility Post Quarter Events • Repaid $75 million on the revolving credit facility on July 15, 2026, reducing the amount currently drawn to $325 million and increasing the amount available and undrawn to $1.075 billion • Closed the Hod Maden ownership restructuring and received a new 2.5% net smelter return ("NSR") royalty on the Hod Maden Project Revenue Summary Three Months Ended June 30, Six Months Ended June 30, Revenue (millions) 2026 2025 % Change 2026 2025 % Change Gold $ 343.9  $ 164.3  109.3  % $ 677.8  $ 310.0  118.6  % Silver 55.6  24.1  131.0  % 128.6  47.7  169.8  % Copper 37.9  14.8  156.4  % 84.5  31.6  167.7  % Other Metals 13.2  6.5  103.7  % 28.8  13.8  108.5  % Total revenue $ 450.5  $ 209.6  114.9  % $ 919.7  $ 403.1  128.2  % GEOs 2 100,000 63,900 56.5  % 196,000 131,500 49.0  % Revenue split stream / royalty 69% / 31% 64% / 36% 68% / 32% 63% / 37% Outlook for 2026 Royal Gold provided guidance for 2026 metal sales volumes, depreciation, depletion and amortization ("DD&A") expense and effective tax rate in March, 2026. We are currently forecasting that performance against these metrics will be within the ranges provided with the exceptions of sales of copper and other metals, which are trending to be around or above the top end of the respective guidance ranges. 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 Canyo