About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 41 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD Taxes, associations and political contributions TAX Royal Gold’s Tax Policy aligns with all applicable laws and Company policies, prioritizing integrity and disclosure. Operating in multiple jurisdictions, we paid significant income and withholding taxes from 2020–2023, mainly in the United States, Mexico, Switzerland and Canada. Apart from these, we handle production taxes on royalty payments, government royalties, mineral rights taxes, VAT and HST/GST. For 2023, these non-income taxes are included in the costs and expenses section of our consolidated statements of operations and comprehensive income in our annual report on Form 10-K for the year ended December 31, 2023. INCOME AND WITHHOLDING TAXES PAID (US$M) 0 10 20 30 40 50 60 70 80 2019 2020 2021 2022 $ in USD millions 2023 Includes income and withholding taxes. Fiscal years ended June 30. MEMBERSHIPS AND INDUSTRY ASSOCIATIONS Royal Gold has been a long-standing member of the following industry associations and organizations. Below is a list of our memberships and corresponding annual fees paid. Organization Fees paid in 2023 National Mining Association $76,467 World Gold Council $14,180 Nevada Mining Association $12,500 Women in Mining $5,000 The Denver Gold Group $3,000 Other tax-exempt groups (under $2,000 per group) $4,571 Total $115,718 Most recently, Royal Gold joined the Women in Mining (“WIM”) network in 2023 as a Silver Corporate Supporter. We share the belief that WIM can play an important role in the future of mining and our participation is consistent with our shared goal of helping to develop and inspire the next generation of talent in the mining industry. Royal Gold has also been a supporter of the Women’s Mining Coalition since 2016. POLITICAL CONTRIBUTIONS Royal Gold’s Code of Business Conduct and Ethics provides that corporate funds may not be provided to political candidates, entities or organizations without the written consent of our CEO, or the Chair of the Audit and Finance Committee of our Board in the case of a political contribution suggested by our CEO. This includes direct cash contributions, the donation of property or services, and purchases associated with fundraising events. We made no political contributions between 2019 and 2023. U.S. Mexico Switzerland Canada Other (Argentina, Australia, Bolivia, Burkina Faso, Nicaragua, Spain, U.K.)