About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 16 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD PEÑASQUITO, NEWMONT CORPORATION Zacatecas, Mexico | 2023 Revenue: $17,772,000 The Peñasquito open-pit mine and ore-processing facilities are located approximately 200 km northeast of the city of Zacatecas. The Peñasquito mine has two open-pit mines with a conventional truck-and-shovel fleet. Sulfide ore undergoes processing in a facility with a daily capacity of up to 130,000 tonnes, producing zinc and lead concentrates. Concentrates are shipped by truck to seaports for export or to Mexican smelters. Process water is drawn from groundwater wells in the Cedros basin and pumped to the site. Power is supplied under a power purchase agreement with the Comisión Federal de Electricidad, through the national power grid. Open-pit mining commenced in 2010 with a current mine life out to approximately 2031. The Operator estimates that exploration potential could extend mine life to 2040. ESG Scorecard JURISDICTION AND COMPANY REPUTATION WATER SAFE OPERATION RepRisk ESG reputational risk rating High Water stress rating by Aqueduct™ Water Risk Atlas Arid and low water use Total Recordable Incident Frequency Rate (TRIFR) 1 3rd Water consumption intensity (m 3 /GEO) ranking 4th Tailing management disclosure Yes ENERGY AND CLIMATE BIODIVERSITY HUMAN CAPITAL Corporate emission reduction targets Yes IUCN Red List species (located in a 10 km radius of the Project center) 10 Corporate diversity and inclusion commitment Yes GHG emissions intensity (tCO 2 e/GEO) ranking 3rd Designated protected area or Key Biodiversity Area (KBA) covering all or part of Project area None Corporate Human Rights Policy Yes Total energy intensity (GJ/GEO) ranking 2nd Community Investment (US millions) $3.0 1 Industry ranking based on 2022 ICMM data.