About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 47 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Community investments and relations OUR APPROACH Supporting the communities near the mines in which we hold stream and royalty interests and those in our corporate office locations is an important component of Royal Gold’s stewardship efforts. Contributing to community organizations provides a way for us to drive meaningful impact while remaining neutral as a passive investor. We acknowledge our Operators’ demanding roles in mining operations and understand their limited capacity for additional projects. To address this, we collaborate with leading charitable organizations as project facilitators, ensuring effective community engagement while allowing Operators to concentrate on their primary responsibilities. Our internal Donations Committee administers our annual charitable giving and selects donation recipients associated with our local office communities, projects associated with our mining Operators, organizations that support mining and university scholarships. The Donations Committee meets quarterly to discuss and review potential programs and projects to support. We aim to donate $1.5 million annually. In 2023, Royal Gold contributed a total of $1.2 million to support organizations that serve critical needs in the communities near our corporate offices and to support our Operator initiatives. We have contributed over $5.7 million to over 130 various charitable organizations since Royal Gold’s inception. Please visit our website to learn more about the organizations we support. Mining community contribution highlights Royal Gold has been a long-time contributor to our Operator community programs and partnerships worldwide. In the communities where we have our existing investments, Royal Gold has supported various voluntary community-related initiatives, including support for an agricultural program in Ghana, the shipment of medical supplies to community clinics near Barrick’s Pueblo Viejo mine in the Dominican Republic, support for increased access to healthcare near New Gold’s Rainy River mine in Canada, construction funding for the Toteng Clinic near the Khoemac a u mine in Botswana, and a contractual commitment embedded in our stream agreement to fund community programs at the Xavantina gold mine in Brazil. Royal Gold’s mining community contributions focus on supporting programs in the communities where we hold stream or royalty interests that promote sustainable development on a global scale. Royal Gold endeavors to support programs that aim to achieve impactful, measurable and sustainable outcomes that align with one or more of the Sustainable Development Goals. TARGET $1.5M in 2024 to support organizations that serve the critical needs of the communities in which our corporate offices and Operators are located CONTRIBUTED OVER $1.2M in 2023 to local charities and mining- related ESG projects The United Nations Sustainable Development Goals (SDGs) are a set of 17 global goals adopted by all UN Member States in 2015 as a universal call to action to put the world on a more sustainable path. With less than a decade left to achieve the SDGs, decisive action is needed across businesses and societies to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. Throughout this report, we indicate where our corporate and Operator contributions align with the SDGs. Please see page 113 for our SDG index.