Operator Water Consumption The following table presents water consumption and water use intensity for a majority of our revenue-generating mineral properties, as available from Skarn Associates for calendar years 2018 through 2023. The table also provides the water consumption that can be attributed to our streams and royalties and the average water intensity for our portfolio. We have estimates of consumption and water use intensity associated with about 98% of our net GEOs in each of the six years presented. Entries labeled “NR” means the data were not reported in the Skarn Associates database, and those labeled “–” are for periods when Royal Gold did not have royalty or stream revenue from the mineral property. Skarn Associates may update prior year information, which we may have presented in prior reports. We use the most current data available from Skarn Associates and adjust our presentation of data and calculations accordingly. Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Validated Water Consumption 4 (ML) Royal Gold Attributed Water Consumption 5 Water Consumption Intensity (Validated) Water Consumption Intensity Quartile Ranking 8 (ML) (kL/GEO) (kL/t Ore Treated) (kL/GEO) (kL/t Ore Treated) Principal Properties Andacollo Teck Resources Limited 2018 15.3% 9,306 1,265 32 0.43 2019 17.2% 8,770 1,734 38 0.52 2020 13.4% 9,032 1,309 37 0.46 2021 11.4% 8,896 1,518 47 0.48 2022 8.4% 9,242 1,266 57 0.54 2023 8.4% 8,732 1,192 55 0.54 4th 2nd Cortez 3 Nevada Gold Mines LLC 2018 1.5% 3,230 10 3 0.19 2019 4.3% 4,185 50 4 0.19 2020 6.1% 4,022 82 5 0.19 2021 11.0% 4,965 212 7 0.17 2022 10.6% 3,104 100 4 0.21 2023 18.8% 5,375 293 6 0.21 1st 1st Mount Milligan Centerra Gold Inc. 2018 22.6% 6,252 1,310 22 0.46 2019 23.3% 6,697 1,339 21 0.41 2020 24.8% 7,333 1,571 24 0.37 2021 23.5% 8,023 1,638 25 0.38 2022 27.0% 10,427 2,346 33 0.49 2023 23.5% 8,833 2,030 33 0.41 4th 1st ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 116