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) Mulatos Alamos Gold Inc. 2018 3.0% 1,169 52 7 0.17 2019 0.8% 989 15 7 0.14 2020 —% — — — — 2021 —% — — — — 2022 —% — — — — 2023 —% — — — — — — Peñasquito Newmont Corporation 2018 5.1% 65,914 1,182 90 1.87 2019 4.1% 37,333 615 57 1.87 2020 7.1% 43,103 625 33 1.41 2021 8.2% 48,222 745 32 1.35 2022 7.6% 30,180 447 22 0.84 2023 3.4% 18,765 277 32 0.90 4th 3rd Rainy River New Gold Inc. 2018 3.7% 4,767 196 21 0.73 2019 5.5% 2,482 142 10 0.31 2020 4.7% 2,399 130 10 0.27 2021 5.2% 1,696 103 7 0.18 2022 5.0% 4,657 261 20 0.54 2023 5.8% 6,024 350 23 0.69 4th 3rd Red Chris Newmont Corporation 2018 —% — — — — 2019 —% — — — — 2020 —% — — — — 2021 —% — — — — 2022 0.5% 21,908 168 128 2.32 2023 0.6% 19,920 220 149 2.15 4th 4th ROYAL GOLD 2024 Investment Stewardship Report 122 Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices