Health, Safety and Wellness The well-being of our employees encompasses more than workplace safety and travel precautions; it extends to their entire professional experience, covering the work environment and work–life balance. While our operations are primarily office- based, numerous employees travel to remote global locations. Our policies mandate compliance with legal and applicable health and safety requirements, including compliance with Operators’ health and safety procedures during site visits. Routine safety training occurs at all of our offices and addresses various threats like medical emergencies, fire, extreme weather and physical office intrusions. Royal Gold is committed to the well-being, including the physical and mental health, of all Company employees and their families. Headquarters Royal Gold’s headquarters are located in downtown Denver, Colorado, in a Hines-managed property referred to as “1144 Fifteenth.” Just over half of our employees are based at 1144 Fifteenth, which features state-of-the-art amenities, including a 5,000-square- foot fitness center, a tenant lounge and a coffee shop. It is among the most energy-efficient and environmentally friendly office spaces in Denver. The 1144 Fifteenth building achieved certification at the Gold level under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system, has an advanced air filtration system and a 10% higher energy efficiency rate than rival structures. The destination dispatch elevators use optimization technology to group passengers for maximum efficiency. Our Vancouver office is located in a LEED Platinum certified building, which is the highest certification available. By occupying two LEED-certified buildings, Royal Gold benefits from sustainability and wellness features including recycling programs, exercise facilities, emission-reduction initiatives, and building modernization that of which are managed by the building operators rather than by Royal Gold directly. The 1144 Fifteenth building maintains a WELL Health Rating by the International WELL Building Institute (IWBI™), which is leading the global movement to transform our buildings and communities. The WELL Health Safety Rating helps buildings and organizations address the health, safety and well-being of their most valuable asset: their people. None of the Royal Gold offices generate emissions from nitrogen oxides, sulfur oxides, volatile organic compounds or any hazardous waste. All of our offices have recycling programs and our Canadian offices have especially robust composting programs. As a small-office based company located in larger buildings, Royal Gold has limited opportunities to reduce energy consumption from non-renewable resources or achieve waste reduction strategies. The company has no direct waste water discharge. All of our offices have emergency preparedness procedures and training to the region where each office is located. This includes CPR, fire and earthquake training which occurs annually. Employee Travel Company interests may require employees to travel to attend meetings or conferences or to visit mine sites. Royal Gold maintains a Travel Policy that outlines protocol for all employee business travel. Royal Gold uses SOS International Services, when required, to deliver medical and emergency response services and evacuation assistance for our employees while traveling abroad. Work-Life Balance We strive to maintain fair and flexible work and leave policies that facilitate work-life balance. Recognizing that technology has enabled many of our employees to effectively perform their duties from outside the office, Royal Gold’s remote work policy enables eligible employees to work remotely when applicable. Our policies also provide for paid leave for annual vacation time as well as personal reasons such as medical, bereavement, parental leave and leave for charitable volunteering. Our medical leave policy covers an employee’s leave for health concerns of the employee and their eligible dependents. Royal Gold provides competitive medical insurance, including for mental health, and other coverage for employees and their eligible dependents. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 44 Royal Gold Director, Fabiana Chubbs, Andacollo site visit, 2025