Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Total Energy Intensity (GJ/GEO) Quartile Ranking 8 RGLD Attributed Energy Estimates 4,5 Energy Emission Factor Electrical Power Consumption (kW-hr/t Ore Treated) Direct Indirect Total Direct Indirect Total (Tera Joule) (tCO 2 e/Tera Joule) Taparko 3 (historic royalty, no ownership today) 2018 0.8% 24 — 24 75 — 75 11 2019 0.4% 14 — 14 75 — 75 11 2020 0.6% 18 — 18 75 — 75 12 2021 0.5% 28 — 28 75 — 75 12 2022 0.1% 7 — 7 75 — 75 12 2023 —% — — — — — — — — Twin Creeks 3 Nevada Gold Mines LLC (Twin Creeks combined production with Turquoise Ridge in 2019.) 2018 0.0% — — — 71 77 73 99 2019 0.1% 2 1 2 86 81 85 206 2020 0.1% 2 1 3 86 81 85 183 2021 0.0% — — — 85 71 82 157 2022 0.0% — — — 78 105 84 564 2023 0.0% 4th — — — 80 25 67 229 Voisey’s Bay Vale S.A. 2018 1.8% 12 — 12 71 — 71 52 2019 2.0% 16 — 16 71 — 71 52 2020 1.5% 11 — 11 71 — 71 52 2021 2.6% 22 — 22 71 — 71 52 2022 1.5% 21 — 21 71 — 71 60 2023 0.8% 2nd (Cu) 19 — 19 71 — 71 57 Wassa Chifeng Jilong Gold Mining Co., Ltd. 2018 4.6% 20 20 41 71 37 54 44 2019 4.4% 22 21 44 71 36 54 50 2020 5.0% 23 26 50 71 37 53 46 2021 4.9% 34 34 69 71 184 127 62 2022 5.2% 34 34 68 71 184 128 62 2023 5.2% 1st 22 30 51 74 188 140 56 ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 102