Royal Gold, Inc. 2021 ESG Report 5 About Us Royal Gold, Inc. (“Royal Gold”) is a leading precious metals stream and royalty company owning stream and royalty interests in several of the world’s most attractive mines. Royal Gold common shares are listed and traded on the Nasdaq Global Select Market under the symbol “RGLD.” Who We Are As of December 31, 2021, Royal Gold employs a small team of 29 employees, 21 of whom work out of our headquarters in Denver, Colorado. The remainder work out of our offices in Lucerne, Switzerland, and Toronto and Vancouver, Canada. The continued growth and success of our business depends on our people. While our stream and royalty interests focus on precious metals, our people are our most important resource. Our management team has significant industry and company-specific experience and is responsible for ensuring that our policies and practices support our desired corporate culture, including employee development. Our human capital management strategy is built on attracting, developing and retaining a talented workforce. Oversight of the management team is provided by a highly capable and independent Board of Directors (the “Board”), consisting of individuals with a diverse set of skills and experience that align with our business strategy. Each of our directors contributes a distinct perspective to promote the best interests of Royal Gold and our stakeholders. Royal Gold has a long-standing commitment to corporate governance best practices, which promotes the long- term interests of shareholders, strengthens Board and management accountability and builds public trust. What We Do Our principal activity is the acquisition and management of precious metal stream and royalty interests. Royal Gold acquires and manages precious metals streams and royalties in mining projects operated by third parties. We refer to these third parties as our “Operators.” By aligning with capable mine Operators, we focus on building and managing a diversified and cash-flowing portfolio of interests in producing mines, while also accumulating a pipeline of earlier-stage assets that are not yet cash- flowing, but have the potential to do so in the future. Metal stream and royalty interests are defined as follows: Stream – A metal stream is a purchase agreement that provides, in exchange for an upfront payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined by the purchase agreement for the life of the transaction. Royalty – A royalty is a non-operating interest in a mining project that provides the right to a percentage of revenue or metal produced from the mine after deducting specified costs, if any. The following figure shows a graphical representation and simplification of our stream and royalty business model.