Board Composition Our Board is composed of seven Directors. All Directors, excluding our Chief Executive Officer (CEO), are independent; our Chair and all members of each of the Board’s two standing committees, namely the Audit and Finance Committee and the CNG Committee, are also independent. For an in- depth review of our Board and its committees, please refer to our Proxy Statement. “ As CNG Committee Chair, I believe sustainability, strong corporate governance and responsible mining are not just responsibilities; they are strategic imperatives. Our long- term success depends on balancing our approach to stewardship, evaluating the social and environmental impacts of our activities and those of the Operators and ensuring that our Board and management operate with the highest levels of integrity. All of these are key to generating financial returns and creating lasting value for our stakeholders.” Sybil Veenman CNG Committee Chair AGE 2 2 3 >70 years 61-70 years 51-60 years 67 YEARS AVERAGE TENURE 2 3 2 10+ years 6-10 years 1-5 years 9 YEARS AVERAGE INDEPENDENCE 1 6 Insider Independent 86% INDEPENDENT 2024 Investment Stewardship Report 31 Appendices Investment Stewardship Operators and Communities Our People Governance About Royal Gold Introduction ROYAL GOLD Other public board service Each of our Independent Directors serves on one outside public company board, on average. 100% executive experience in the mining industry