Royal Gold, Inc. 2021 ESG Report 71 Emission Estimates (3) tonnes CO 2 (eq) Emission Intensity tCO 2 (eq)/GEO Asset / Operator Year Royal Gold Revenue (1) (%) Reported Production (2) (kGEO) Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Portfolio Emission Intensity Summary Principal Properties 2018 65.3% 0.64 0.24 0.87 2019 70.0% 0.67 0.27 0.93 2020 73.5% 0.62 0.21 0.83 Non-principal Properties, with data 2018 31.5% 0.45 0.21 0.66 2019 27.1% 0.45 0.20 0.65 2020 23.4% 0.46 0.23 0.69 Subtotal Properties with data 2018 96.8% 0.58 0.23 0.80 2019 97.1% 0.61 0.25 0.85 2020 96.9% 0.58 0.21 0.80 Properties, without data (4) 2018 3.2% 0.58 0.23 0.80 2019 2.9% 0.61 0.25 0.85 2020 3.1% 0.58 0.21 0.80 Total 2018 100.0% 0.58 0.23 0.80 2019 100.0% 0.61 0.25 0.85 2020 100.0% 0.58 0.21 0.80 ”NR” means not reported in Skarn Associates’ databases (1) Revenue used to calculate percentage by asset takes into account deductions associated with the contractual purchase price paid for metal stream deliveries. (2) Gold Equivalent Ounces (“GEO”) production is estimated based using the following metal prices for each year using production units identified by Skarn Associates: $1,758/oz Au; $20.54/oz Ag; $6,185.82/lb Cu; $1,826.14/lb Pb; $2,268.85/lb Zn and typical metal payability factors associated with refining. (3) Emissions estimates have been compiled by Skarn Associates, and we have relied on there database for emissions presented for gold and copper mining operations. (4) Emissions intensity for assets that were not included in Skarn Associates database have been assumed to be equal to the average of the portfolio. (5) Royal Gold’s interest is either a portion of the asset or part of a complex, and emissions are assumed to be equally proportioned to all Gold Equivalent Ounces.