Portfolio Energy Intensity Summary Year 1 Royal Gold Net GEOs 2 (%) Industry Quartile Ranking 10 RGLD Attributed Energy Estimates 4,5 RGLD Attributed Energy Intensity Energy Emission Factor Electrical Power Consumption (kW-hr/t Ore Treated) Direct Indirect Total (Tera Joule) Direct Indirect Total (Giga Joule/GEO) Direct Indirect Total (tCO 2 e/ Tera Joule) Properties With Energy Estimates 2019 98.7% 4th 2,150 1,047 3,197 8.1 4 12.1 75 60 70 40 2020 99.1% 4th 2,329 1,069 3,398 8.8 4.0 12.8 67 51 62 40 2021 99.4% 4th 2,773 1,181 3,954 9.8 4.2 14 65 31 55 41 2022 99.4% 4th 2,383 1,135 3,517 9.1 4.3 13.4 65 34 55 41 2023 99.2% 4th 1,889 1,143 3,032 7.3 4.4 11.8 62 33 51 36 2024 97.9% 4th 1,603 1,199 2,803 7.3 4.4 11.0 65 45 57 35 Properties Without Emissions Data 6 2019 1.3% 29 14 43 2020 0.9% 21 10 31 2021 0.6% 15 7 22 2022 0.6% 14 6 20 2023 0.8% 16 9 25 2024 2.1% 35 26 61 Total 2019 100.0% 2,179 1,061 3,240 8.1 4.0 12.1 75 60 70 2020 100.0% 2,350 1,079 3,429 8.8 4.0 12.8 67 51 62 2021 100.0% 2,788 1,188 3,976 9.8 4.2 14.0 65 31 55 2022 100.0% 2,397 1,141 3,537 9.1 4.3 13.4 65 34 55 2023 100.0% 1,905 1,152 3,057 7.3 4.4 11.8 62 33 51 2024 100.0% 1,638 1,225 2,864 7.3 4.4 11.0 65 45 57 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 102