Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Validated Water Consumption 4 (ML) Royal Gold Attributed Water Consumption 5 Water Consumption Intensity (Validated) Water Consumption Intensity Quartile Ranking 8 (ML) (kL/GEO) (kL/t Ore Treated) (kL/GEO) (kL/t Ore Treated) Xavantina 2019 —% — — — — Ero Copper 2020 —% — — — — 2021 1.2% 69 6 2 0.40 2022 3.1% 76 14 2 0.40 2023 4.1% 54 10 1 0.40 2024 5.0% 64 14 1 0.43 1st 2nd Other Interests 2019 0.2% NR NR NR NR 2020 0.1% NR NR NR NR 2021 0.2% NR NR NR NR 2022 0.2% NR NR NR NR 2023 0.3% NR NR NR NR 2024 0.1% NR NR NR NR NR NR INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 125