Operator Energy Consumption The following table presents estimates for direct and indirect energy usage, which can be attributed to our interests, for a majority of our revenue-generating mineral properties, as available from Skarn Associates for calendar years 2018 through 2024. The table also details the GHG emissions associated with each unit of direct and indirect energy and provides a weighted average performance for the portfolio. Entries labeled “NR” means the data was not reported in the Skarn Associates database, and those labeled “–” are for periods when Royal Gold did not have royalty or stream revenue from the mineral property. Skarn Associates may update prior year information, which we may have presented in prior reports. We use the most current data available from Skarn Associates and adjust our presentation of data and calculations accordingly. The Operator Energy Consumption table does not include assets from the Sandstorm/Horizon or Kansanshi transactions as these were not in our portfolio during 2024. 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) Principal Properties Andacollo Teck Resources Limited 2019 17.2% 98 319 417 71 113 103 26 2020 13.4% 81 253 334 71 76 75 25 2021 11.4% 103 338 441 71 0 16 30 2022 8.4% 81 254 335 71 0 17 30 2023 8.4% 82 213 295 71 0 20 27 2024 6.5% 4th 60 150 210 71 0 20 27 Cortez 3 Nevada Gold Mines LLC 2019 4.3% 47 18 65 71 81 74 19 2020 6.1% 85 27 112 71 81 73 18 2021 11.0% 179 54 234 71 71 71 12 2022 10.6% 130 45 175 71 91 76 26 2023 18.8% 223 79 302 71 21 58 16 2024 11.3% 3rd 172 64 236 71 17 56 41 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 92