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) Mount Milligan Centerra Gold Inc. 2019 23.3% 187 386 573 70 8 29 33 2020 24.8% 203 459 662 70 11 29 30 2021 23.5% 202 443 645 70 3 24 29 2022 27.0% 252 473 725 70 3 26 27 2023 23.5% 237 491 728 70 3 25 27 2024 24.3% 4th 264 475 740 70 4 27 26 Pueblo Viejo Barrick Gold Corporation 2019 17.3% 1,251 0 1,251 77 0 77 266 2020 16.9% 1,404 17 1,422 62 156 64 308 2021 14.1% 1,646 24 1,669 60 164 62 355 2022 12.4% 1,326 19 1,346 60 163 61 305 2023 10.6% 821 27 849 52 149 55 230 2024 9.6% 4th 437 148 477 51 149 59 150 Non-Principal Properties Allan/Borax Nutrien Ltd. 2019 0.3% NR NR NR NR NR NR NR 2020 0.3% NR NR NR NR NR NR NR 2021 0.3% NR NR NR NR NR NR NR 2022 0.3% NR NR NR NR NR NR NR 2023 0.3% NR NR NR NR NR NR NR 2024 0.3% NR NR NR NR NR NR NR NR Bald Mountain 3 Kinross Gold Corporation 2019 0.2% 5 0 5 71 196 82 3 2020 0.0% 1 0 1 71 196 82 3 2021 0.2% 4 0 5 71 155 78 3 2022 0.4% 8 1 9 71 102 74 3 2023 0.3% 8 1 10 71 92 74 3 2024 0.1% 3rd 2 0 3 71 295 95 3 ABOUT ROYAL GOLD INTRODUCTION GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 93