42 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Understanding our assets Asset monitoring We actively monitor our stream and royalty interests to understand their economic and operational health and their reputation in the jurisdictions and nearby communities where they operate, also known as “social license to operate.” While our stream agreements include extensive information rights, this is not the case with our royalty agreements; in these instances, we rely on public information and a positive working relationship with the Operators to obtain our monitoring data. Where we have the right to do so, we will conduct site visits to interact with Operator management teams. The frequency of site visits in 2022 returned to pre-pandemic levels. On the right is a graphic representation of initiatives that help us understand our assets and our third-party information providers. Asset reporting Information from all sources is aggregated and provided to our senior management and Board through a monthly reporting process that provides asset-specific comments on our Principal Properties, through quarterly Board presentations that more broadly report on the performance of our stream and royalty interests, and through our ERM reviews. This system ensures that ESG events of significant concern are identified in a timely manner so that management can react as required and communicate with the Board for feedback. The Asset Assurance Committee, staffed by selected executive and senior management members, completes active monitoring and auditing of our stream and royalty interests and takes action to protect our interests as needed. The ERM Committee is staffed by senior management who also actively monitor external and internal risk issues and assess Board risk appetite in key areas, including metal prices, growth potential, financial condition, portfolio health, human resources, legal compliance and ESG sustainability. Asset Monitoring Information Sources PR INCIPAL PROPER TIES – Monthly Site Reports – Annual Site Visits – Issues Discussions with Management – ESG Reports & Data – Asset Owner Public Disclosure REMOTE VISUAL TR ACK ING High Resolution Satellite Monitoring to understand development and disturbance DAILY NEWS FLOW Systematic collection of relevant daily news flow across our portfolio of assets ESG EVENT TR ACK ING Tracking of negative ESG events and ESG risk for portfolio assets and Operators E X TER NAL DATA SOURCES Energy and GHG Emissions and Intensities Water Consumption and Intensities for portfolio revenue generating assets Right: Site visit, TriStar Castelo de Sonhos Gold Project – Brazil