Community Investment Our Approach Supporting the communities in our corporate office locations and near the mines in which we hold stream and royalty interests is at the core of Royal Gold’s stewardship efforts. Contributing to community organizations allows for us to have a meaningful impact as it is important for Royal Gold to remain neutral as a passive investor. We acknowledge the Operators’ demanding roles in mining operations and understand their limited capacity for additional projects. To address this, we collaborate with a variety of philanthropic organizations that act as the project facilitators, which helps to ensure effective community engagement while allowing Operators to concentrate on their primary responsibilities. Our internal Donations Committee administers our annual giving and selects donation recipients associated with our local office communities, projects associated with our mining Operators, organizations that support mining and university scholarships. The Donations Committee comprises four senior managers and meets quarterly to discuss and review potential programs and projects to support. In 2025, Royal Gold contributed $1.56 million to support organizations that serve needs in the communities near our corporate offices and to support Operator initiatives. We have contributed more than $11 million to more than 130 philanthropic organizations since Royal Gold’s inception. Please visit our website to learn more about the organizations we support. TARGET $1.5M in 2025 to support organizations that serve the needs of the communities in which our corporate offices and Operators are located CONTRIBUTED $1.56M in 2025 to local charities and mining-related sustainability projects The United Nations SDGs are a set of 17 global goals adopted by all UN Member States in 2015 as a universal call to action to put the world on a more sustainable path. Throughout this report, we indicate where our corporate and Operator contributions align with the SDGs. Please see page 134 for our SDG Index. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 46