Royal Gold, Inc. 2021 ESG Report 8 The fiscal year 2021 revenue breakdown of our Principal Properties is shown in the figure below. As shown our seven Principal Properties generated approximately 76% of total revenue, and these properties are the focus of this inaugural ESG Report. ● Mount Milligan ● Pueblo Viejo ● Andacollo ● Cortez ● Peñasquito ● Wassa ● Khoemacau ● Other 26% 17% 10% 5% 1% 8% 9% 24% The diversity of Royal Gold’s portfolio provides numerous benefits to our investors. These include: • The potential for organic revenue growth and optionality through exploration success and future production expansions; • Stability of revenue and reduced exposure to the performance of individual assets; • Limited exposure to geopolitical volatility; and • Reduced exposure to by-product revenue fundamentals. Taxes We Pay Royal Gold’s Tax Policy provides a framework to ensure that tax strategy and compliance measures are consistent with all applicable laws and company policies. We strive to act with integrity in all tax matters and provide full disclosure under applicable law. We are subject to income and other taxes in various jurisdictions in which we operate and/ or have stream or royalty interests. As shown in the figure below we paid significant income and withholding taxes during the fiscal years ended June 30, 2019 through June 30, 2021, with the majority of these taxes paid in the United States, Mexico, Switzerland and Canada. ($ in USD millions) ● US ● Mexico ● Switzerland ● Canada ● Other (Argentina, Austrailia, Bolivia, Burkina Faso, Nicaragua, Spain, UK) * Includes income and withholding taxes ** Fiscal years ended June 30 $43 $32 $61 2019 2020 2021