2024 Highlights ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 6 $1.49M contributed to support organizations in our office and mining Operator communities 4th year reporting our progress and performance against the TCFD guidelines recommendations 100% of scope 2 and 3 corporate emissions offset, achieving carbon neutrality for five consecutive years, from 2020 to 2024 1 7% annualized employee turnover rate 5 scholarships awarded to dozens of students to develop the industry’s next generation of leaders 99% of scope 3 investment emissions successfully tracked and reported 1 6 years of a declining trend in GHG emission intensity for our scope 3 investment emissions 100% Director experience in the mining industry 1 In this report, we segment scope 3 corporate emissions into those arising from our corporate activities (which we refer to as our scope 3 corporate emissions) and those of our portfolio Operators (which we refer to as our scope 3 investment emissions). We do this because as a passive investor, we do not have direct influence or control over the Operators’ emissions but do manage and assert more control over our own direct footprint. Our scope 3 corporate emissions are largely those associated with business travel and employee commuting.