3 MOUNT MILLIGAN, CENTERRA GOLD British Columbia, Canada | 2024 Revenue: $186,039,000 Construction of the Mount Milligan mine began in June 2010, with commissioning of the mine beginning in August 2013 and the achievement of commercial production in February 2014. The mining operation uses a conventional truck-and- shovel fleet, with ore processed through a 60,000- tonne per day flotation processing plant, to produce a concentrate containing copper, gold and silver. The concentrate is trucked to the rail loadout facility in Mackenzie and railed to North Vancouver, where it is loaded onto ships and sent to purchasers located around the Pacific Rim. Water for the operation is collected from surface runoff and stored in the tailings pond; it is supplemented by pumping groundwater and other surface water resources. Power is supplied by BC Hydro through a 92-km transmission line that is fed from the Peace River hydroelectricity generation facilities. The operation has a mine life based on ore reserves through 2036. The Operator is completing a preliminary feasibility study to review the potential to extend the mine life. ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 15 SUSTAINABILITY SCORECARD - 2024 JURISDICTION AND COMPANY REPUTATION RepRisk ESG country risk rating WATER Water stress rating by Aqueduct™ Water Risk Atlas SAFE OPERATION Total Recordable Incident Frequency Rate 1 quartile ranking Low RepRisk ESG company reputational risk rating Low Water consumption intensity (m 3/ GEO) quartile ranking 4th Number of fatal accidents Low Corruption Perception Index quartile ranking 4th Water consumption intensity (m 3 /tonne ore processed) quartile ranking 0 Tailing management disclosure 1st Quartile 1st Yes ENERGY AND CLIMATE Corporate emission reduction targets BIODIVERSITY IUCN Red List species, critically endangered and endangered (located in a 10 km radius of the project center) COMMUNITY AND HUMAN RIGHTS Corporate Human Rights Policy No GHG emissions intensity (tCO 2 e/GEO) quartile ranking 1 Designated protected area or KBA covering all or part of the project area Yes Modern Slavery Disclosure 1st Total energy intensity (GJ/GEO) quartile ranking None Report Community Investment (U.S. millions) 4th Not Reported Grievance Mechanism Yes 1 Industry ranking based on 2023 ICMM data 2 Based on Skarn Associates Gold Industry ranking curves for 2023