OUR WATER SOURCE AND EXPOSURE TO WATER STRESS, AS DEFINED BY AQUEDUCT Water source Surface water Ground water Precipitation and runoff Water stress Abundant Scarcity Reuse and recycling rate Extreme Medium High to High Low Moderate to Moderate Low Arid/Low Water Use MOUNT MILLIGAN Canada NEVADA GOLD MINES USA PUEBLO VIEJO Dominican Republic ANDACOLLO Chile KANSANSHI Zambia Water Stress Water Stress Water Stress Water Stress Water Stress Interannual Variability Interannual Variability Interannual Variability Interannual Variability Interannual Variability Drought Risk Drought Risk Drought Risk Drought Risk Drought Risk INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 71