Human Capital Royal Gold strives to foster a work environment where individuals of all backgrounds are treated fairly and with respect and are given the opportunity to make contributions, grow professionally and reach their full potential. The wide array of perspectives and experiences of our Board of Directors and workforce enhances creativity, productivity and overall organizational strength. We are committed to providing equal opportunities for promotion, compensation, training and development to all qualified individuals. Royal Gold continued its programs of personnel training and investment in human capital throughout the year. We recognize and value the benefits that a talented and dedicated workforce brings to Royal Gold. The success of our business depends heavily on the quality and skills of our people. TOTAL NUMBER OF EMPLOYEES (AS OF DECEMBER 31) 29 29 31 30 30 29 39 2019 2020 2021 2022 2023 2024 2025 0 6 12 18 24 30 36 42 EMPLOYEE STATISTICS 2025 2024 2023 2022 2021 2020 Recordable health and safety incidents 0 0 0 0 0 0 Total Employee Turnover 0 0 0 1 1 3 Annualized employee turnover rate 0% 7% 0% 3% 3% 7% WORKFORCE DEMOGRAPHICS 2025 2024 2023 2022 2021 2020 Total number of employees (as of December 31) 1 39 29 30 30 31 29 Number of male employees 2 15 NR 14 15 17 NR Percent of male employees 2 52% NR 52% 56% 59% NR Number of female employees 2 14 NR 12 12 12 NR Percent of female employees 2 48% NR 44% 44% 41% NR Percent of employees identifying as racially and/or ethnically diverse 3 13% NR 7% 7% 4% NR SENIOR MANAGEMENT 2025 2024 2023 2022 2021 2020 Male senior management 89% NR 75% 80% 87% 87% Female senior management 11% NR 25% 20% 13% 13% 1. Total employee headcount is not based on the employee survey. 2. Ten employees elected to not disclose their gender and, therefore, are not reflected in the totals 3. Nine employees elected to not disclose their race/ethnicity and, therefore, are not reflected in the totals. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 43