Portfolio Emission Intensity Summary Year 1 Royal Gold Net GEOs 2 (%) RGLD Attributed Emissions 5 Emission Intensity Industry Quartile Ranking 8 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) Properties With Emissions Estimates 2018 98.7% 149,636 57,298 206,934 0.58 0.22 0.81 3rd 2019 98.7% 161,057 62,905 223,963 0.61 0.24 0.85 3rd 2020 99.1% 154,934 54,192 209,125 0.58 0.20 0.79 3rd 2021 99.4% 180,164 36,292 216,455 0.64 0.13 0.77 3rd 2022 99.4% 155,887 38,857 194,744 0.59 0.15 0.74 3rd 2023 99.2% 158,529 37,201 195,730 0.62 0.14 0.76 3rd Properties Without Emissions Data 6 2018 1.3% 1,916 733 2,649 2019 1.3% 2,167 846 3,013 2020 0.9% 1,423 498 1,921 2021 0.6% 1,003 202 1,205 2022 0.6% 880 219 1,099 2023 0.8% 1,303 306 1,609 Total 2018 100.0% 151,552 58,031 209,583 0.58 0.22 0.81 2019 100.0% 163,224 63,751 226,976 0.61 0.24 0.85 2020 100.0% 156,357 54,690 211,046 0.58 0.20 0.79 2021 100.0% 181,167 36,494 217,660 0.64 0.13 0.77 2022 100.0% 156,767 39,076 195,843 0.59 0.15 0.74 2023 100.0% 159,832 37,507 197,339 0.62 0.14 0.76 1 The Company changed its fiscal year end from June 30 to December 31, effective as of December 31, 2021. Accordingly, certain amounts in this table have been adjusted to reflect unaudited calendar year information. 2 GEO) production is estimated by multiplying the number of net metal or commodity units of which we take delivery, multiplied by the following standard set of commodity prices and divided by the stated gold price, with the same metal prices used for each year for comparative purposes: $1,758/oz Au; $20.54/oz Ag; $6,185.82/t Cu; $1,826.14/lb Pb; $2,268.85/t Zn; $13,672/t Ni; $25,992/t Mo; $31,161/t Co (see page 138 for complete definition). 3 Royal Gold’s interest is either a portion of the mineral properties or part of a complex, and energy usage is assumed to be equally proportioned to all GEOs. 4 Mine site emissions estimates were compiled by Skarn Associates, and we have relied on its database for emissions presented for gold and copper mining operations. 5 Royal Gold’s attributed emissions = Site emissions x Royal Gold % of site production. 6 Emissions intensity for mineral properties that were not included in the Skarn Associates database have been assumed to be equal to the average of the portfolio. 7 Prior year production adjustments occurred in 2023, resulting in negative production. 8 Industry quartile ranking is based both on Skarn Associates’ emissions intensity curve for gold production (tCO 2 e/oz Au) and the emissions intensity curve for copper production (CO 2 e/t Cu). Operations are benchmarked against the gold production intensity curve unless otherwise indicated with the designation “(Cu)” indicating the ranking is based on the copper emissions intensity curve. 9 Scope 2 emissions are Market Based. ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 115