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) Robinson KGHM International Ltd. 2018 2.0% 50 50 100 71 158 114 41 2019 1.9% 46 46 92 71 158 114 41 2020 2.2% 64 63 127 71 158 114 41 2021 1.8% 44 44 88 71 158 114 41 2022 1.9% 50 49 100 71 158 114 41 2023 1.5% 4th 44 44 88 71 158 114 41 Skyline Wolverine Fuels, LLC 2018 0.3% NR NR NR NR NR NR NR 2019 0.3% NR NR NR NR NR NR NR 2020 0.3% NR NR NR NR NR NR NR 2021 0.1% NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR 2023 0.3% NR NR NR NR NR NR NR NR South Laverton 3 Northern Star Resources Ltd. 2018 1.3% 21 — 21 74 — 74 36 2019 1.1% 18 — 18 74 — 74 36 2020 2.2% 36 — 36 74 — 74 36 2021 1.9% 46 — 46 70 — 70 49 2022 1.3% 40 — 40 74 — 74 21 2023 1.4% 3rd 31 — 31 73 — 73 29 Southern Cross Shandong Tianye Group 2018 0.4% 4 2 6 74 194 117 36 2019 0.4% 4 2 6 74 192 116 36 2020 0.3% 3 1 4 74 189 111 29 2021 0.3% 3 2 5 74 187 116 34 2022 0.3% 2 2 4 74 182 129 55 2023 0.3% 1st 2 2 5 74 182 129 54 ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 101