Royal Gold, Inc. 2021 ESG Report 12 A Q&A with the CEO You have had a long career with Royal Gold. How have you seen the importance of ESG change within the organization leading up to the publishing of the company’s inaugural ESG report? I joined the company in 2006 and for the better part of my career with Royal Gold I was responsible for business development. As such I was intimately involved in the due diligence process that occurred prior to the making of an investment. We have increased our outward messaging on ESG in recent years, including with this report, but consideration of ESG issues was integral to our business long before it became commonly used as an external benchmark for company performance. Over the course of my career with Royal Gold we have turned down a number of opportunities on projects with very attractive operating attributes and financial returns, but for various reasons we were unable to publicly announce those opportunities as not meeting our standards, including those related to ESG. Your time as CEO has been dominated by the pandemic. How has that shaped your leadership approach during that time? I inherited an office culture with the health and safety of our employees as a key responsibility of leadership, despite being an office-based company. I could not have imagined having the health and safety of our employees come to the forefront the way it did when the pandemic occurred. We took the steps necessary to protect our staff by initially closing offices and working remotely, and then establishing protective measures as we re-opened, such as masking, social distancing, cleaning, voluntary in-office attendance, capacity restrictions and travel limitations. Now, as we hopefully get closer to the end than the beginning of the pandemic, we are trying to integrate the lifestyle and workplace changes that arose during the pandemic in our office operations. Our team demonstrated a commitment to advancing the company despite working remotely for most of the past two years. I don’t think more flexible work hours and remote work are going away and our adaptation to this new normal was positively received by our team. Can you walk us through your Vision and Mission? As an employer, a financing business, an investment and a community member, Royal Gold’s Vision is to be the gold standard in everything we do, everyone with whom we interact and every community in which we have an impact. Our Mission reflects our primary business of identifying stream and royalty investments that provide capital for a variety of purposes. If we think about our relationships with our Operators strictly in transactional terms, we will not be as successful long-term as when we approach each investment as a relationship and always keep our Operators’ goals in mind in our stream and royalty structures. How do you tie the Core Values of the company to ESG? Royal Gold’s Core Values represent the manner in which we conduct all of our business and our first Core Value is Responsibility. This is a broad measure and encompasses our responsibility to all stakeholders, including our employees, shareholders, lenders, Royal Gold office communities, and our Operators and their communities. William H. Heissenbuttel President and Chief Executive Officer