Royal Gold, Inc. 2021 ESG Report 41 Compensation Review ESG Quarterly Report Compensation Benchmarks Monthly Site Reports Site Visits Regulatory Changes Discussions with Operators Operator Sustainability Reports Royalty Statements GHG Reporting (Skarn) Public Disclosure RepRisk ESG Reporting Good Governance Recommendations CNG Committee • Review Quarterly ESG Report • Recommend Updates to Corporate Governance Policies • Recommended Comp Levels Management • Daily Production Reports • Bi-weekly Management Meetings • Monthly Board Reports • Monthly Asset Assurance Committee Meetings • Quarterly Enterprise Risk Management Meetings • Annual Cyber Training • Quarterly Asset Performance Quarterly ERM Reports ESG Quarterly Report Annual Cyber Policy Report Monthly Reports Quarterly Board Reports Compensation Approval Board of Directors • Review Monthly Reports • Approve Corporate Policy Changes • Approve Compensation Levels • Review Quarterly Board Reports • Review ESG Report Asset Assurance Committee Staffed by selected members of executive management and other members of senior management Completes active monitoring and auditing of portfolio investments according to the Asset Assurance Committee Charter, and takes action to project our interests as required Enterprise Risk Management Committee Staffed by executive management. Actively monitors external and internal risk issues and ranks risk levels relative to board risk appetite for each area. Areas include metal prices, growth, financial condition, portfolio health, human resources, legal/compliance and sustainability