32 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices Taxes we pay Royal Gold’s Tax Policy provides a framework to ensure that tax strategy and compliance measures are consistent with all applicable laws and company policies. We strive to act with integrity in all tax matters and provide full disclosure under applicable law. We are subject to income and other taxes in various jurisdictions where we operate and/or have stream or royalty interests. As shown in the figure to the right, we paid significant income and withholding taxes during 2019–2022, with the majority of these taxes paid in the United States, Mexico, Switzerland and Canada. In addition to income and withholding taxes, certain royalty payments we receive are subject to production taxes (or mining proceeds taxes), and we pay other government royalties, mineral rights taxes, VAT, and HST/GST. For 2022, these non-income taxes are included in the costs and expenses section of our consolidated statements of operations and comprehensive income in our annual report on Form 10-K for the year ended December 31, 2022. INCOME AND WITHHOLDING TA XES PAID 0 10 20 30 40 50 60 70 80 2019 2020 2021 2022 $43 $32 $55 $61 $ in USD millions Includes income and withholding taxes. Fiscal years ended June 30. U.S. Mexico Switzerland Canada Other (Argentina, Australia, Bolivia, Burkina Faso, Nicaragua, Spain, U.K.)