About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 44 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Diversity and inclusion Royal Gold values diverse voices and opinions across our business, fostering an inclusive work environment aligned with our Diversity and Inclusion Policy and People Policy. In our Board composition, one-third of independent Directors are women, and one identifies as a minority. When seeking new Board candidates, we actively include diverse individuals in the search process. As of December 31, 2023, 44% of our employees and 25% of our senior management team identify as female. Lower diversity numbers can be attributed to a low turnover rate; however, whenever there is a normal course job opening and a process is achievable, Royal Gold actively strives to enhance workforce diversity by incorporating diversity criteria into their recruitment process. Royal Gold continued its programs of personnel training and investment in human capital throughout the year, including anti- harassment training. The figures on the right highlight employee statistics from 2020 to 2023. 2023 WORKFORCE DIVERSITY STATISTICS 14 number of male employees 1 2022: 15 2021: 17 52% male employees 1 2022: 56% 2021: 59% 75% male senior management 2022: 80% 2021: 87.5% 2020: 87.5% 2019: 100% 12 number of female employees 1 2022: 12 2021: 12 30 total number of employees 2 2022: 31 2021: 29 2020: 27 2019: 25 44% female employees 1 2022: 44% 2021: 41% 7% of employees identify as a visible minority 3 2022: 7% 2021: 4% 25% female senior management 2022: 20% 2021: 12.5% 2020: 12.5% 2019: 0% 1 Three employees elected to not disclose their gender and, therefore, are not reflected in the totals. 2 Total employee headcount is not based on the employee survey. 3 A visible minority is defined as a person who is non- Caucasian in race or non-white in skin color. The visible minority population consists mainly of the following groups: South Asian, Chinese, Black, Filipino, Arab, Southeast Asian, West Asian, Korean and Japanese.