Overview Governance Strategy Risk Management Metrics and Targets Appendices 13 2023 CLIMATE REPORT ROYAL GOLD Board oversight Royal Gold’s Board of Directors (the “Board”) consists of individuals with diverse qualifications and experience that align with our business strategy. Each Director contributes a distinct perspective to promote the best interests of Royal Gold and our stakeholders. Our Compensation, Nominating and Governance Committee (“CNG Committee”) has identified substantive areas of experience that the Board should represent. At the Board level, responsibility for ESG oversight, including climate change, is assigned to the CNG Committee, which includes three members who self-assess as having ESG experience. All members are independent under Nasdaq and SEC rules, including enhanced independence rules applicable to compensation committee members. Our ISR contains a detailed listing of each Board member’s areas of experience. All Board members are active participants in reviewing and approving any material new stream or royalty interest proposed by management for acquisition. This includes review of the summary findings from technical due diligence, which routinely includes GHG emissions estimates and current and future jurisdictional risks associated with climate, water and biodiversity for an operation and associated local communities. Management also routinely provides an estimate of the potential impact of GHG emissions and emission intensity from any new material stream or royalty interest on the portfolio. Summaries of the operational performance of our stream and royalty portfolio are provided to the entire Board on a quarterly basis which highlight any material climate-related Operator impacts. A detailed description of our Board and Board members is presented in our ISR. Royal Gold Director Fabiana Chubbs completed the Institute of Corporate Directors course Board Oversight of Climate Change in 2023. “ Climate change is a topic we as a Board are continuously reviewing and discussing. Given the increasing complexities associated with climate change, I felt the need to increase and expand my knowledge on the subject. I participated in a three-day Board Oversight of Climate Change course in 2023 with 16 of my peers. Together, we discussed various strategies to enhance boardroom discussions on the monitoring and disclosure of climate-related risks.” Fabiana Chubbs Royal Gold Director since 2021