2024 Investment Stewardship Report 29 Governance Our ability to identify and manage risks in our corporate operations and those associated with our portfolio of stream and royalty interests is fundamental to our long-term success. With a history of dedicated focus on rigorous oversight from our Board and its committees, coupled with the effective execution of strategies by our people, we are well positioned to not only navigate challenges but also to advance our business. This long-standing commitment to strong governance is an integral component of our approach to sustainable and responsible investment stewardship. In This Section 30 Corporate Governance 32 Investment Stewardship Governance 35 Investment Stewardship Policies 36 Due Diligence and Portfolio Monitoring 40 Human Rights 41 Cybersecurity 42 Taxes, Associations and Political Contributions Appendices ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship