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) Canadian Malartic 3 Agnico Eagle Mines Ltd. 2018 2.5% 29 22 51 69 — 39 33 2019 1.8% 23 15 38 70 — 42 28 2020 1.6% 23 16 39 70 1 41 28 2021 1.5% 18 11 29 70 1 43 24 2022 1.0% 12 9 21 69 1 39 34 2023 0.3% 3rd 4 3 6 71 1 42 34 Dolores Pan American Silver Corporation 2018 2.0% 35 10 44 70 126 82 13 2019 1.9% 37 10 48 70 128 83 15 2020 1.5% 35 10 45 70 127 83 15 2021 2.0% 27 12 39 70 98 79 14 2022 1.9% 21 12 32 70 44 61 13 2023 1.6% 1st 13 11 24 70 44 58 13 Don Mario Orvana Minerals Corporation 2018 0.5% NR NR NR NR NR NR NR 2019 0.2% NR NR NR NR NR NR NR 2020 —% — — — — — — — 2021 —% — — — — — — — 2022 —% — — — — — — — 2023 —% NR — — — — — — — Don Nicolas 3 Cerrado Gold, Inc. 2018 0.0% 2 — 2 63 — 63 76 2019 —% — — — — — — NR 2020 0.4% 18 — 18 59 — 59 76 2021 0.2% 6 — 6 63 — 63 76 2022 0.2% 5 — 5 63 — 63 76 2023 0.1% 3rd 2 — 2 63 — 63 76 ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 96