Royal Gold, Inc. 2021 ESG Report 59 We also believe in educating the industry’s next generation of leadership who will be at the forefront of the continued evolution of responsible resource development and sustainability standards. In the last 10 years, we have committed nearly $1,000,000 in support of educational initiatives. From 2015 to 2020 Royal Gold committed $500,000 to the South Dakota School of Mines and Technology to advance the university’s minerals and energy industries programs. In 2020, we underwrote costs for a new course on “Community Engagement and Sustainable Development of Mineral Resources” now offered by the University of Arizona James E. Rogers College of Law. The course is intended to offer training in sustainable management of resource projects to students in law, engineering and other disciplines. In 2021, we were proud to recognize the work of the International Senior Lawyers Project through sponsorship of their 20th Anniversary Virtual Celebration. ISLP mobilizes pro bono legal support to advance economic development that is more just, inclusive, sustainable, and accountable, working with governments, civil society organizations, and social enterprises. Turnover and Talent Retention The continued growth and success of our business depends on our people, and while our portfolio focuses on precious metals interests our people are our most important resource. As of December 31, 2021, Royal Gold had a small team with a total of 29 employees. The value generated per employee points to a highly efficient business model and also highlights the importance of employee retention. Royal Gold has a strong record for employee retention and, excluding the retirement of long-serving employees with at least ten years of service, the average voluntary employee turnover rate, excluding retirements, was 0% over the past three calendar years as shown in the following table. 2019 2020 2021 Voluntary departures 0 2 1 Retirements of long- serving employees 0 2 1 Number of employees 25 27 29 Voluntary turnover rate 0% 7% 3% Voluntary turnover rate excluding retirements 0% 0% 0%