109 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices TCFD index and scenario analysis Introduction We recognize that it is our responsibility to address the risks that materially affect our business, which increasingly include the impacts of a changing climate. In our 2021 ESG Report, we committed to improving our climate-related disclosure in line with the TCFD framework; in 2022 we worked with Millani, an ESG advisory firm, to support our efforts in conducting a climate scenario analysis to help us better understand the climate-related risks and opportunities that we face. Structured around four core elements of how businesses operate – namely, governance, strategy, risk management, and metrics and targets – and 11 recommendations across these four core elements, this disclosure provides vital information about our business for decision-makers such as investors. It also provides information that informs our overall business strategy for sustainable value creation. In the TCFD index on this page, we indicate where to find our responses to the 11 recommendations. The remainder of this appendix contains the background and results from our climate scenario analysis, which focuses on key jurisdictions that generated more than 80% of our net revenue in 2021; these include all of our Principal Properties, described on pages 9–14 , and other important jurisdictions, which include Ontario, Canada; Mato Grosso State, Brazil; and Western Australia, Australia. CLIMATE AND CLIMATE CHANGE SUPPOR TING RESOURCES