Royal Gold, Inc. 2021 ESG Report 31 Plans and Approvals • Project permitting status, including permits held and those that are pending. This typically includes a thorough understanding of which permits are required to construct the planned project, if not already in existence, and future or on-going permits to operate; • Surface rights required by the project, including identification of any pending requirements; • Project Operational Plans, including applicable Environmental and Social Management Plans (ESMPs) along with impact mitigation plans; • Reclamation and closure plans and costs, as may be available at the stage of project development, including a review of project planning to meet bonding requirements; • Tailing facility management plans; • Tailing storage facility designs and reference to internationally accepted standards Operating Practices and Performance • Environmental and Social Monitoring Plans and results, to date; • Surface and groundwater monitoring results; • Regulatory correspondence regarding compliance; • Response planning in the event of spillage from ore processing operations; • Processing plant designs include measures to control fugitive dust and emissions; • Labor policies, protections, and standards, including identification of any adherence to international labor standards, such as those promulgated by the International Labor Organizations (ILO); • Workplace safety records, policies and standards; • Status of third-party certifications and/or adherence with best practice environmental and social governance, which could include commitment to Equator Principles IV, the IFC’s Performance Standards, Principles of the International Council on Mining and Metals, Extractive Industries Transparency Initiative (EITI), United Nations Global Compact, Cyanide Management Code, and other relevant industry standards or guidelines • Operator GHG emissions and approach to climate change Site Characterization/Data Collection • General environmental baseline data; • Material characterization test work to determine if results support conclusions used in operations and closure planning with regards to the potential for acid rock drainage (ARD) and metal leaching (ML); • Water requirements and water supply provision (i.e., the water balance) to ensure sustainability of long-term water supply in relation to demands of other water resource users; • Foundation conditions underneath waste storage facilities; • Historic or legacy environmental liabilities and responsibilities including financial reserves for implementation of any required mitigations; • Tailings storage facility failure analysis. Stakeholder Engagement and Community Understanding • Stakeholder relations, either via a stakeholder engagement process as required under regulation or equivalent; • Relocation activities, and whether they have been or will be carried out in accordance with widely used international guidance (e.g., IFC Performance Standard 5), including adequacy of any follow-on Resettlement Action Plan (RAP); • Social programs, community initiatives, and engagement with indigenous peoples to determine the existing “Social License to Operate” for a project; • Grievance processes in place and whether they are functioning, including resolution of any recent complaints Typically, Royal Gold will perform a site visit with an ESG specialist to discuss the project with management. This allows an opportunity to tour the site location, meet with stakeholders and to discuss the history and future of project development. Due to COVID-19 travel restrictions, international and even domestic travel were severely impacted, and Royal Gold adapted to virtual tours to accomplish as much information exchange as possible in the challenging travel environment. Site visits are conducted when health conditions permit.