Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Total Energy Intensity (GJ/ GEO) Quartile Ranking 8 RGLD Attributed Energy Estimates 4,5 Energy Emission Factor Electrical Power Consumption (kW-hr/t Ore Treated) Direct Indirect Total Direct Indirect Total (Tera Joule) (tCO 2 e/Tera Joule) Dolores Pan American Silver Corporation 2019 1.9% 37 10 48 70 128 83 15 2020 1.5% 35 10 45 70 127 83 15 2021 2.0% 27 12 39 70 98 79 14 2022 1.9% 21 12 32 70 44 61 13 2023 1.6% 13 11 24 70 44 58 13 2024 1.1% 2nd 11 9 19 68 123 93 11 Don Nicolas 3 Cerrado Gold, Inc. 2019 0.0% NR NR NR 0 0 0 NR 2020 0.4% 0 0 0 59 0 59 76 2021 0.2% 6 0 6 63 0 63 76 2022 0.2% 5 0 5 63 0 63 76 2023 0.1% 2 0 2 63 0 63 76 2024 0.4% 2nd 11 0 11 67 0 67 14 El Limón Equinox Gold 2019 0.6% 15 5 20 74 83 76 103 2020 0.9% 17 6 23 74 83 76 103 2021 1.0% 19 8 27 74 83 76 113 2022 1.2% 12 10 22 73 0 39 141 2023 1.1% 13 10 24 70 0 40 150 2024 1.2% 3rd 15 12 27 70 0 39 154 Goldstrike 3 Nevada Gold Mines LLC (Goldstrike and Carlin were combined by Nevada Gold Mines for reporting purposes starting in 2019 and are referred to as Carlin.) 2019 0.9% 41 18 59 77 59 72 288 2020 0.7% 26 8 33 79 81 79 143 2021 0.6% 26 7 33 78 77 78 114 2022 0.7% 23 4 27 88 145 96 163 2023 0.3% 14 3 17 74 17 63 246 2024 0.3% 4th 15 3 18 75 15 64 275 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 95