About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 69 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD OPERATOR SAFETY We are committed, alongside Operators of our stream and royalty interests, to prioritize the health and safety of workers, families and local communities. We actively seek new business opportunities with those companies that exhibit these shared, fundamental values. We use two metrics to track the performance of our portfolio of revenue-generating stream and royalty interests: the Total Recordable Incident Frequency Rate (“TRIFR”) and the number of fatal accidents. TRIFR is the number of fatalities, lost-time injuries, substitute work, and other injuries requiring treatment by a medical professional per million hours worked, and is an established internationally accepted performance metric collected and reported by most companies. A compilation of 2020, 2021 and 2022 TRIFR statistics from Operators that generated 83%, 82% and 89% of our revenue, respectively, showed our portfolio had an estimated 3.1, 3.6 and 2.9 TRIFR per one million work hours for each of those years, respectively. A comparative benchmarking was completed using TRIFRs published by the ICMM, based on an average 2.53 billion work hours per year, which show a downward trend year over year. Improvement in our 2022 over 2021 TRIFR can be attributed to an improvement in the performance at one of our Principal Properties. We regret that the operations generating our stream and royalty revenue experienced six fatal accidents in 2022: one accident at Cortez in Nevada, one at the Pueblo Viejo expansion project in the Dominican Republic, one at the Xavantina mine in Brazil, one at the Dolores mine in Mexico and a double fatality at the Khoemac a u operation in Botswana. TOTAL REPORTABLE INCIDENT FREQUENCY RATE 1,2 2020 2021 2022 2.0 2.5 3.0 3.5 4.0 3.1 3.6 2.9 1 TRIFR per 1,000,000 work hours is weighted by work hours. 2 2021 Royal Gold’s TRIFR was adjusted with updated asset data from that used in our 2022 ESG report. 3 Represents data compiled by the ICMM from its members and is publicly reported. Royal Gold ICMM 3 Xavantina , Ero Copper Corp., Mato Grosso State, Brazil