19 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices STEWARDSHIP We will align our business strategy with sustainable goals and incorporate ESG issues, including the potential impacts of climate change, into investment analyses, decision-making processes and ownership practices, through the following: – Seeking resilient investments by ensuring Operators have appropriate ESG systems in place – Investment in community programs around the mines in which we are invested – Agreement provisions that incentivize an Operator to achieve sustainability goals “ Royal Gold is a responsible investor that endeavors to partner with like-minded mining companies and seeks ways to meaningfully contribute to its local communities as well as its Operator’s communities. ” Allison Forrest, Vice President, Investment Stewardship TR ANSPARENCY We will periodically review and report on our activities, and be transparent about our positive and negative impacts, through the following: – Our annual ESG progress report, annual report and proxy statement – Disclosure on the environmental, GHG emissions, water efficiency, and other measures of our stream portfolio “ Through transparent communication, we endeavor to cultivate trust with our employees, build strong relationships with our Operators, and empower our stakeholders to make informed decisions. ” Randy Shefman, Vice President and General Counsel