Royal Gold At Renmark Financial Communications Virtual Non-Deal Roadshow Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Thank you very much, Alistair for the presentation, as you said, we'll now begin the Q&A. The first question is, can this release the PEA for Great Bear? Was it in line with the expectations?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : How much capital have you deployed on deals in H1 2024? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Do you plan on providing three year guiding like some of the royalty companies and miners have?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : What metals constitute the others outside of gold, silver, and copper.

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Overall gold be affected by the global minimum tax?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Any change to the guidance for Pe±asquito as Newmont stated and anticipated strong H2 production rate?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : What percentage of your revenue is coming from gold currently?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Is their preferred business segment between stream and royalties? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : How much your institutional ownership changed over the past year, given the substantial increase in gold prices?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : What the royalty space being stiffer competition as Royal Gold needed to change or update of offerings outside of financing?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : As a share buyback program. A topic of discussion with management and directors?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Has there been any significant pressure on management to widen the types of metal focus to enhance optionality?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : From a competition standpoint, is it a less saturated environment, to bid on a smaller royalty company rather than focusing on individual assets?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Are any of our assets coming to an end of their mine life?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : I noticed on the company website that there are four offices is that necessary? What is each of their purposes?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Do you think that your streaming royalty mix is ideally situated?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Where do you feel the bulk of the new stream cash royalty deals will be coming from junior, intermediate, or senior producers?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : What do you think needs to happen for your market cap to exceed $10 billion?

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : Thank you very much, Alistair for your insight today, if you do not get a chance to submit your question, you can reach out to the appropriate account manager here at Renmark. That concludes our presentation for today. But before we go, I will turn back the floor to Alistair for final remarks.

Question: Noella Alexander - Renmark Financial Communications Inc. - Analyst : And once again, this was Royal Gold trading on the Nasdaq under the ticker symbol RGLD. Thank you to everyone in Houston and surrounding areas for joining us today. Please stay tuned for other presentations in your area and see you next time. DISCLAIMER Refinitiv reserves the right to make changes to documents, content, or other information on this web site without obligation to notify any person of such changes. In the conference calls upon which Event Transcripts are based, companies may make projections or other forward-looking statements regarding a variety of items. Such forward-looking statements are based upon current expectations and involve risks and uncertainties. Actual results may differ materially from those stated in any forward-looking statement based on a number of important factors and risks, which are more specifically identified in the companies' most recent SEC filings. Although the companies may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be realized. THE INFORMATION CONTAINED IN EVENT TRANSCRIPTS IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALLS. IN NO WAY DOES REFINITIV OR THE APPLICABLE COMPANY ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY EVENT TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S CONFERENCE CALL ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.