10 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices 02 CORTEZ, NEVADA GOLD MINES Nevada, U.S. | 2022 Revenue: $50,559,000 The Cortez Mine complex consists of open pit and underground mines and ore-processing facilities situated approximately 100 km southwest of Elko, Nevada, in Eureka and Lander Counties. The processing plant and administrative complex are located at 40.24°N latitude and 116.70°W longitude, and operations span an elevation range of 1,370–2,270 m above mean sea level. Open pit operations use a conventional truck-and-shovel fleet, mining approximately 360,000 tonnes per day of ore and waste, with activities moving among the various pits. One underground mine is in operation, producing ore at the rate of about 4,000 tonnes per day; a second underground mine is in development and is expected by the Operator to start production in 2023. Non-refractory ores from the mines are treated on site through the oxide mill (which has a capacity of 16,330 tonnes per day) or on heap leach pads, while refractory ore is shipped to other Nevada Gold Mines (“NGM”) operations (i.e., Gold Quarry and Goldstrike) for processing, with a trucking distance of 103 km and 132 km, respectively. Consumptive water use for mining and processing is supplied by the mine dewatering wells. Electrical power is obtained from the grid and generated from the Western 102 (natural gas) and TS (currently coal but will be converted to natural gas) power plants. Mining operations began in 1969, and the Operator estimates that defined mineral reserves and resources will support production past 2040, with opportunity for the further addition of mineral reserves. ESG HIGHLIGHT AND SDG CONTR IBUTION: NGM’s ongoing efforts to improve the socioeconomic well- being of the communities surrounding its operations have earned the Company two awards from Nevada’s leading business publications in 2022. These are the “Philanthropic Business of the Year” accolade from Vegas Inc .’s Angel Awards and the “Others First Philanthropy and Giving” award from Nevada Business Magazine . Both awards recognize the sustainable, long-term socioeconomic benefits NGM delivers to the state of Nevada. We believe that the actions that NGM has taken to improve the socioeconomic well-being of its nearby communities contribute to SDG 11, Sustainable Cities and Communities.