Royal Gold, Inc. 2021 ESG Report 45 Operator GHG Emissions As part of our TCFD strategy in 2021 we compiled an initial Scope 1 and Scope 2 GHG emission inventory of the stream and royalty interests that generate revenue for Royal Gold. We have been able to track Scope 1 and 2 emissions estimates for approximately 96% of the revenue generated in the three-year period from 2018 through 2020. These emissions are provided graphically in the figure on the next page. An Appendix included with this report details our revenue generating assets and their associated GHG emissions data, as compiled by Skarn Associates, an ESG data analysis firm. We have weighted the emissions intensity from each stream and royalty interest, based on the proportional revenue received from each asset, to determine Scope 1 and 2 emissions that can be attributed to our beneficial interests. Understanding the GHG emission performance of individual assets and our portfolio of stream and royalty interests, as a whole, is a basic building block for our climate scenario analysis. It also helps us strategically consider ways to reduce or offset the GHG emissions associated with our stream and royalty interests. GHG emissions at a mine site are driven by the amount of diesel fuel consumed during mining, the amount of electrical energy consumed by the operation, the fuel sources used to generate grid power, and the type of ore processing among other factors. The GHG emissions associated with our portfolio are dominated by Scope 1 emissions, associated with the use of fossil fuels to power mobile equipment and in some cases for the generation of power. Scope 1 emissions made up approximately 73% of the estimated Scope 1 emissions from fiscal year 2020. Power plant at Pueblo Viejo, Dominican Republic