14 Royal Gold, Inc. 2022 Environmental, Social and Governance Report About Royal Gold Governance ESG Stewardship Our People Our Operators and Communities Appendices 06 KHOEMAC A U, CUPRIC CANYON CAPITAL Ngamiland, Botswana | 2022 Revenue: $18,786,000 Khoemac a u is a copper–silver mine located within the Ngamiland District of Botswana; it consists of an underground mine, Zone 5, and the Boseto ore-processing plant, separated by a distance of 35 km. The Boseto plant is located at 20.56°S latitude and 22.95°E longitude at an elevation of 950 m above mean sea level; it is accessed from the city of Maun and is approximately 25 km southwest of the town of Toteng. The 10,000 tonne per day operation consists of a mechanized underground mine producing from the Zone 5 orebody and a sulfide flotation plant for processing, Boseto. The ore-processing plant uses conventional crushing, grinding and flotation facilities, producing a single copper–silver concentrate that is either trucked to the Port of Durban in South Africa, at a distance of 1,800 km, or to the Port of Walvis Bay in Namibia, at a distance of 1,200 km. Power is provided to the project through an extension to the national power grid, with energy supplied by the Botswana Power Company. Process water for the Boseto mill is produced from a shallow well field that produces brackish water; water for Zone 5 is produced from dewatering wells and several freshwater wells. Production was initiated in July 2021, with ramp-up occurring through 2022 and achieved the target mining rate in December of 2022. The operation has a mine life based on current ore reserves and resources of 20 years, with the Operator estimating high potential for mine life extension. ESG HIGHLIGHT AND SDG CONTR IBUTION: The Khoemac a u management team engaged a third-party ESG expert to conduct an ESG-focused gap analysis in late 2020. The gap analysis evaluated the project’s adherence and alignment with international standards, including the International Finance Corporation (“IFC”) Standards on Environmental and Social Sustainability. The Company has made significant progress in filling gaps, training its staff on ESG matters and updating ESG policies and procedures to reflect ESG advancements. The integration of the IFC Performance Standards has helped Khoemac a u reduce its environmental impact, improve its community relations and improve its overall approach to social and environmental management. We believe these actions contribute to SDG 12, Responsible Consumption and Production. The figure below shows Royal Gold’s revenue breakdown of its Principal Properties for the 2022 calendar year. Our six Principal Properties generated approximately 70.7% of net revenue and are the focus of this ESG report. ROYAL GOLD’S R E V E NUE BR E AK DOWN OF PR I N CI PAL PROPER TIE S FOR THE C ALENDAR Y E AR 2022 $USD 30% 14% 9% 7% 29% Total Revenue Mount Milligan $180,543,000 Pueblo Viejo $85,863,000 Andacollo $47,347,000 Cortez $50,559,000 Peñasquito $43,165,000 Khoemacau $18,786,000 Other properties $176,943,000 Subtotal $426,263,000 Total revenue $603,206,000 8% 3% Mount Milligan $180,543,000 Pueblo Viejo $85,863,000 Andacollo $47,347,000 Cortez $50,559,000 Peñasquito $43,165,000 Khoemac a u $18,786,000 Subtotal of Principal Properties $426,263,000 Other properties $176,943,000 Total revenue $603,206,000