2 4 5 3 6 7 8 9 1 11 10 2 4 5 3 6 1 7 8 9 11 10 7 2023 CLIMATE REPORT ROYAL GOLD Overview Governance Strategy Risk Management Metrics and Targets Appendices Where we are 1 Royal Gold management periodically reviews the materiality of individual royalty and stream interests within the portfolio. In making this determination, management considers primarily estimated future revenue and, to a lesser extent, historical revenue. Estimated future revenue is based on several factors, including mineral reserves and resources subject to our stream and royalty interests, production estimates, feasibility studies, technical reports, metal price and mine life assumptions. 2 For a definition of Net GEO and the calculation methodology, refer to page 46 . As of December 31, 2022, Royal Gold owned stream and royalty interests covering 182 producing, development, evaluation and exploration-stage properties located in some of the world’s most prolific mining regions. Royal Gold’s revenue for the 2022 calendar year was sourced from a geographically and operationally diverse portfolio of primary precious metals and polymetallic mines. The locations of our 40 revenue-generating properties in 2022 are shown in the map below, while highlighting the jurisdictions that host our six Principal Properties 1 and the newly added jurisdictions, which contributed 92% of our Net GEOs in 2022. 2 182 Total Properties 40 Producing 19 Development 52 Evaluation (not shown on map) 71 Exploration (not shown on map) 1-6 Principal Properties 7-11 Important Jurisdictions MINE DETAIL S Northern Nevada (includes Cortez) Andacollo Xavantina Peñasquito Pueblo Viejo Khoemac a u Rainy River Voisey’s Bay Wassa Mount Milligan Western Australia