About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 31 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD BOARD COMPOSITION 1 Our Board is comprised of seven Directors. All Directors, excluding our Chief Executive Officer (“CEO”), are independent; our Chair and all members of each of the Board’s two standing committees, namely the Audit and Finance Committee and the CNG Committee, are also independent. For an in-depth review of our Board and Board-level subcommittees, please refer to our Annual Report . 1 Details in the Board of Directors chart are as of the report publication date. Board Characteristics 2 >70 years 2 61-70 years 3 51-60 years 66 YEARS AVERAGE 1 Insider 6 Independent 86% INDEPENDENT 2 10+ years 3 6-10 years 2 1-5 years 9 YEARS AVERAGE 43% CITIZENS OF ANOTHER COUNTRY 29% WOMEN 14% ETHNICALLY OR RACIALLY DIVERSE Other public board service Our independent directors serve on an average of one outside public company board AGE 2 >70 years 2 61-70 years 3 51-60 years 66 YEARS AVERAGE INDEPENDENCE 1 Insider 6 Independent 86% INDEPENDENT TENURE 2 10+ years 3 6-10 years 2 1-5 years 9 YEARS AVERAGE