64 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Human capital The ability to attract, develop, retain and challenge our employees remains critical to our success. Beyond basic wages, benefits and career opportunities, we recognize that today’s workforce wants to understand a company’s core values, and how they as people personally align with their employer. Additionally, the complexity of providing financing for mining projects worldwide requires that we bring together diverse backgrounds, skill sets, experiences and perspectives to ensure that we meet our business objectives. Our approach Royal Gold has a talented staff with backgrounds in the key disciplines of geology and mining operations, as well as project development, finance, accounting and law. Our organization is structured in such a way that a high percentage of individuals are involved in key decision-making and are therefore hired on account of having significant experience in their field. We seek to challenge and empower them through exposure to the variety of projects and interests in which we are involved and to all aspects of the business. Our comprehensive compensation package includes competitive wages, health and dental benefits and various insurance coverage. We regularly benchmark all levels of wages and total compensation and ensure that the majority of all short-term incentive compensation is based on corporate-wide, shared benchmarks. Along with attractive wages and benefits, the following personal development opportunities inspire and motivate our team: Continuing education and skill expansion support: We support our employees through the accommodation of time and financial support in order to complete courses and further advance expertise in relevant disciplines. Secondments: Although we have a small team, we are still able to offer secondment opportunities to key employees in our domestic and overseas offices which further broadens their skills and perspectives, which can then be applied to their role when the secondment is completed. Succession planning: A well-developed plan for succession in all senior management levels, including our Board, is critical due to the flat nature of our organizational structure. We ensure that rising employees have exposure to the boardroom, the field and educational opportunities, to gain a well-rounded understanding of the Company in a positive environment that promotes knowledge-sharing.