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) Williams 7 Barrick Gold Corporation 2019 0.6% 4 6 10 66 5 31 77 2020 0.7% 4 5 9 65 8 32 101 2021 0.4% 3 5 8 63 8 27 153 2022 0.2% 1 2 4 64 8 28 155 2023 (0.2%) -1 -2 -3 62 8 27 140 2024 0.3% 2nd 2 3 5 61 8 26 127 Xavantina Ero Copper 2019 —% — — — — — — — 2020 —% — — — — — — — 2021 1.2% 4 9 12 74 17 34 154 2022 3.1% 9 18 27 74 17 36 141 2023 4.1% 6 12 18 74 17 36 141 2024 5.0% 2nd 12 24 36 61 13 31 203 Other Interests 2019 0.2% NR NR NR NR NR NR NR 2020 0.1% NR NR NR NR NR NR NR 2021 0.2% NR NR NR NR NR NR NR 2022 0.2% NR NR NR NR NR NR NR 2023 0.3% NR NR NR NR NR NR NR 2024 0.1% NR NR 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 101