About Royal Gold Governance Our People Our Operators and Communities ESG Stewardship Appendices 48 2023 INVESTMENT STEWARDSHIP REPORT ROYAL GOLD IMPROVING EDUCATIONAL OUTCOMES Tristar Gold Royal Gold contributed funds in 2023 to help Tristar Gold (“Tristar”) facilitate the reconstruction of the João Paulo II Elementary School in the Community of Vila Esperança IV, which is the closest village to the Company’s Castelo de Sonhos project in Para State, Brazil. The village population is approximately 400 people, most of whom are small-scale farmers, loggers and miners. During development, Tristar conducted extensive socio-economic baseline studies and identified that education in the community was massively underfunded and was in need of redevelopment and assistance. The existing community elementary school has struggled since it started in 2011, primarily due to the lack of teachers and a poorly constructed and undersized building. Tristar has worked with the village to begin the redevelopment of the school, which will contribute to improved educational outcomes and the safety and well-being of children as well as providing a much-needed space for community gathering, planning and celebration. SDG 1 No Poverty: Increase school attendance for children in vulnerable situations, reduce dropouts, and prepare students for employment and decent work. A key focus will be training the students to become aware of their capacity to transform their lives and helping them to understand they can contribute to society and achieve financial independence, regardless of the economic situation in which they find themselves. SDG 5 Gender Equality: Ensure equal, permanent access to early childhood and fundamental education for all children in Vila Esperança IV, eliminating gender disparities in education. “ We have made great strides in the reconstruction of João Paulo II Elementary School in 2023. Tristar and the community of Esperança IV is appreciative of Royal Gold’s generosity and commitment to this project.” Andrew Grant Vice President, Sustainability, Tristar Gold