Local Office Community Investment Highlights UNITED WAY, TORONTO, CANADA For more than 135 years, United Way has been working to improve lives by mobilizing the caring power of communities to advance the common good. United Way is a worldwide non-profit movement and in Canada, they operate in more than 100 communities. Royal Gold has been a supporter of the United Way Greater Toronto for over half a decade and has not only financially contributed over US$370,000 to the organization but has been an active participant in the organization. Alistair Baker, Royal Gold’s Senior Vice President, Investor Relations and Business Development, has been a United Way Community Campaign Cabinet Member since 2023. Each year, Alistair generously dedicates his time and expertise to helping unlock new philanthropic opportunities within the mining sector. He works closely with the United Way team—listening, advising, and sharing his experience—to help expand our network of supporters and advance our shared mission of lifting up the most vulnerable members of our community. "What we continue to see in 2025 is an affordability crisis affecting families across the Greater Toronto Area. Research from United Way Greater Toronto shows that one in four families in our region is living in poverty, and that 60 per cent of renters across Ontario are cutting back on food simply to keep a roof over their heads. No one should have to face this reality—yet for thousands of individuals and families across our shared communities, it is a daily struggle. This is why Royal Gold’s generous, ongoing support of United Way Greater Toronto has been so vital. Their partnership helps ensure that frontline agencies remain open, responsive, and equipped to address urgent needs related to housing stability, food security, mental health, employment, and more. With Royal Gold’s support, United Way Greater Toronto helps sustain more than 700 life changing programs each year—programs that enable people to secure safe housing and put healthy food on the table. We are also incredibly grateful for the consistent, thoughtful leadership of Alistair. We cannot thank Royal Gold enough for their collective commitment to United Way Greater Toronto. With partners like Royal Gold, we are able to change thousands of lives for the better each year—spreading hope, dignity, and opportunity across the Greater Toronto Area." Scott Kuipers, Corporate Donor Relations Manager at United Way Greater Toronto SDG 11 Sustainable Communities and Cities Royal Gold is contributing to the development of more sustainable communities by supporting United Way’s efforts to reduce housing instability and increase food security. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 51 I’ve been involved with United Way Greater Toronto for four years. I like the United Way because it is an organization that has the ability to raise money and redistribute it to partner agencies that are close to community needs. It also plays an important advocacy role when it comes to dealing with poverty and strengthening communities at the grassroots level." Alistair Baker Senior Vice President, Investor Relations and Business Development, Royal Gold Corporation