Governance With a history of dedicated focus on rigorous oversight from our Board and its committees, coupled with the effective execution of strategies by our people, we are well positioned to not only navigate challenges but also to advance our business. This long-standing commitment to strong governance is an integral component of our approach to sustainable and responsible investment stewardship. IN THIS SECTION 30 Governance 31 Investment Stewardship Governance 34 Investment Stewardship Policies 35 Due Diligence and Portfolio Monitoring 39 Cybersecurity 40 Taxes, Associations and Political Contributions INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 29