About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 53 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Other contribution highlights AQUEDUCT ALLIANCE Royal Gold joined the World Resources Institute (“WRI”) Aqueduct Alliance in 2023. The WRI is a global research non-profit that focuses on sustainable practices for business, economics, finance and governance, with the purpose of better supporting human society in six areas: food, forests, water, energy, cities and climate. SDG 13 Climate Action: Royal Gold actively uses Aqueduct™ Water Risk Atlas, an open-source tool developed by WRI, to publish water stress assessments, flood and drought risk assessments, and other climate condition assessments for our portfolio. We also consult Aqueduct during our new investment due diligence. As an Aqueduct Alliance member, Royal Gold is able to access new data and tools, engage with cross-sector and industry collaborators, and seek guidance from Aqueduct experts and leaders. FUTURE LEADERS IN RESPONSIBLE MINING SCHOLARSHIP Educating the industry’s next generation of mining leaders is a top priority for Royal Gold and we are committed to funding scholarships that support mining-related education. We recognize our responsibility to contribute to resource development in our sector, especially given workforce shortages that we expect will increase over time. SDG 4 Quality Education: In 2023, Royal Gold increased its scholarship funds totaling annual donations of $120,000 to five US-based colleges, universities and technical programs that have a deep commitment to science, technology, engineering and math excellence and the mining industry. All our scholarships aim to support students who have demonstrated a commitment to promoting the advancement of women in mining and/or a commitment to working with underrepresented communities. In 2023, Royal Gold established new scholarships with the University of Nevada, Reno and Great Basin College, two Nevada-based universities with a core focus on mining-related education. The University of Nevada, Reno Foundation Established in 1874, the University of Nevada, Reno’s (“UNR”) Mackay School of Earth Sciences and Engineering has offered programs in geology, geography, geophysics, geological engineering and mining engineering since 1888. The Royal Gold Scholarship of $25,000, established in 2023, supports students pursuing an undergraduate degree in the Mackay School. Great Basin College Foundation Great Basin College (“GBC”) was established in 1967 and is based in Elko, Nevada. GBC has had a long-standing relationship with the mining industry and offers hands-on learning experiences and internships with local mining and contracting companies. The $25,000 Royal Gold Scholarship, which was established in 2023, will be awarded annually to selected students who are seeking education in the diesel, welding, industrial maintenance, electrical, instrumentation, and machinist technology programs (together, the “Career and Technical Education Program”). Colorado School of Mines Foundation The Royal Gold Scholarship was established at the Colorado School of Mines in 2022 for the purpose of providing financial aid to enrolled undergraduate students in pursuit of a degree in the area of mining engineering. Total annual funding for this scholarship is $20,000. Montana Technological (Montana Tech) University Foundation Royal Gold established a $25,000 annual scholarship in 2022 at Montana Tech to support students majoring in mining engineering or metallurgical and materials engineering. South Dakota Mines Center for Alumni Relations and Advancement In 2022, a $25,000 annual scholarship was established with South Dakota Mines to support students majoring in mining engineering. Lauren Fritz , Royal Gold Scholarship recipient and mining engineer major, South Dakota Mines