Royal Gold, Inc. 2021 ESG Report 38 Stewardship Stewardship means continually maintaining an understanding of the stream and royalty interests we hold with respect to production, operational, environmental, social, governance and safety criteria, among other considerations. Understanding the ESG performance of Operators in which we hold stream and royalty interests begins with collecting information through a monitoring process. This monitoring process supports the systematic reporting of relevant information to senior management and the Board of Directors. We obtain monitoring data and other information via contractual rights as discussed previously, collection from our Operators’ public disclosures and from third-party data sources. For this inaugural report, Royal Gold recognizes the following areas have the potential to generate ESG and operating risks for our Operators and, hence, to our investments: • Climate Change; • Water Availability; and • Tailings Management. These three areas of focus are far from an exhaustive list of ESG considerations, and we intend to provide additional information in future reporting. For this inaugural ESG report, we provide discussion of these three areas of focus after first discussing our asset monitoring and reporting processes. Due Diligence Site Visit, Chile