131 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Operator ESG scorecard metrics Term/abbreviation Definition Net revenue or net gold equivalent ounces (“net GEO”) See the comprehensive methodology on the next page. GHG emission intensity An average estimate of the CO 2 e emissions generated for every Net GEO; a declining intensity could indicate that higher-grade ore is being processed, less energy is being used in ore processing, or energy with a lower energy emission factor is being employed Total energy intensity A measure of both the Direct and Indirect energy consumed for each Net GEO. An increasing Total Energy Intensity factor likely indicates the ore value being processed is reducing or an ore characteristic is requiring more energy for processing Energy emissions factor An estimate of the average amount of CO 2 e generated (Scopes 1 and 2) for every terra joule of energy consumed in the mine site production process; a reduction in the factor can indicate switching from higher-emission fuels to lower-emission fuels, and/or an increase in the amount of electrical energy generated from renewable sources Percentage of portfolio net GEO production with absolute GHG emissions reduction target(s) by 2030 This is a measure of the percentage of our net GEOs associated with companies who have made commitment(s) to reduce total GHG emissions by 2030; these commitments may not be directly applicable to the property where we have our stream or royalty interests but refers to corporate commitments Percentage of portfolio net GEO production with net zero GHG emission target by 2050 A measure of the percentage of our net GEOs associated with companies that have made a commitment to achieving net zero GHG emissions by 2050; these commitments may not be directly applicable to the property where we have our stream or royalty interest, but rather refers to corporate commitments Water consumption intensity An estimate of the amount of water consumed by the operation for mining and ore process; intensity is tracked using two denominators: net GEOs and ore tonnage processed Term/abbreviation Definition Percentage of net revenue from high or extremely high water stress regions Baseline water stress measures the ratio of total water withdrawals to available renewable water supplies. Water withdrawals include domestic, industrial, irrigation and livestock consumptive and non-consumptive uses. Available renewable water supplies include surface and groundwater supplies, and this measure considers the impact of upstream consumptive water users and large dams on downstream water availability. Higher values indicate more competition among users. This metric is based on the region’s classification estimated by the WRI’s Aqueduct™ Water Risk Atlas tool. Percentage of net revenue from regions with high or extremely high interannual precipitation variability “Interannual variability” measures the average between-year variability of available water supply, including both renewable surface and groundwater supplies; higher values indicate wider variations in available supply from year to year TRIFR Total recordable injury frequency rate (or total recordable injury rate); the number of fatalities, lost-time injuries, substitute work and other injuries requiring treatment by a medical professional, per million hours worked Number of fatal accidents An accounting of fatal accidents that have occurred on sites where we have royalty or stream interests; in cases where our interest covers a select portion of the operation and the fatal accident is not directly associated with our beneficial interest, the incident is not counted Tailing management disclosure This metric is intended to confirm the portion of the portfolio net GEOs associated with companies that have publicly disclosed their tailing management practices Percentage of applicable net GEO sales who are signatories to the ICMC This metric is intended to confirm the portion of the portfolio net GEOs associated with mine sites that are certified under the ICMC, or have applied for certification with a review or have a determination pending