Operator GHG Emissions The following table presents scope 1 and 2 GHG emissions performance data for a majority of our revenue-generating mineral properties, as available from Skarn Associates for calendar years 2018 through 2024. The table also provides the emissions estimates that can be attributed to our streams and royalties and the average emission intensity for our portfolio. We have estimates of GHG emissions associated with about 99% of our net GEOs in each of the six years presented. The process to calculate the GHG emission footprint for our portfolio is described in detail on page 136 . Entries labeled “NR” means the data was 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. We use the most current data available from Skarn Associates and adjust our presentation of data and calculations accordingly. The Operator GHG Emissions table does not include assets from the Sandstorm/Horizon or Kansanshi transactions as these were not in our portfolio during 2024. Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Principal Properties Andacollo 2019 17.2% 35,000 181,966 216,965 0.15 0.78 0.93 6,918 35,968 42,887 Teck Resources Limited 2020 13.4% 39,680 133,247 172,927 0.16 0.54 0.70 5,749 19,305 25,053 2021 11.4% 42,616 0.00 42,616 0.22 0.00 0.22 7,273 0.00 7,273 2022 8.4% 41,650 0.00 41,650 0.26 0.00 0.26 5,707 0.00 5,707 2023 8.4% 42,405 0.00 42,405 0.27 0.00 0.27 5,790 0.00 5,790 2024 6.5% 39,000 0.00001 39,000 0.25 0.00 0.25 1st 4,232 0.0 4,232 Cortez 3 2019 4.3% 274,152 123,849 398,001 0.28 0.13 0.41 3,289 1,486 4,774 Nevada Gold Mines LLC 2020 6.1% 292,832 108,216 401,047 0.37 0.14 0.50 5,998 2,217 8,215 2021 11.0% 297,000 56,000 353,000 0.41 0.08 0.48 12,663 2,388 15,050 2022 10.6% 284,000 42,000 326,000 0.33 0.05 0.38 9,182 1,358 10,540 2023 18.8% 289,000 30,000 319,000 0.32 0.03 0.36 15,761 1,636 17,397 2024 11.3% 299,000 27,250 326,250 0.41 0.04 0.45 2nd 12,114 1,104 13,217 Mount Milligan 2019 23.3% 65,741 16,018 81,759 0.21 0.05 0.26 13,148 3,204 16,351 Centerra Gold Inc. 2020 24.8% 66,580 23,867 90,447 0.21 0.08 0.29 14,265 5,114 19,379 2021 23.5% 69,406 5,848 75,254 0.21 0.02 0.23 14,168 1,194 15,361 2022 27.0% 78,652 6,714 85,366 0.25 0.02 0.27 17,695 1,511 19,205 2023 23.5% 72,493 7,075 79,568 0.27 0.03 0.30 16,664 1,626 18,290 2024 24.3% 77,335 6,988 84,323 0.29 0.03 0.32 1st 18,583 1,679 20,262 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 104