GRI Index

GRI Index Statement of use: Royal Gold’s 2025-2026 Investment Stewardship Report has been developed with reference to the GRI Standards. GRI 1 used: GRI 1: Foundation 2021 GRI 2: General Disclosures 2-1 Organizational details About Royal Gold, p. 5 Back cover , p. 137 2-2 Entities included in the organization’s sustainability report About Royal Gold, p. 5 2-3 Reporting period, frequency and contact point About This Report, p. 6 2-4 Restatements of information Restatement of corporate emissions data as per updated emissions factors. 2-5 External assurance We have not sought external assurance for this report. 2-6 Activities, value chain and other business relationship About Royal Gold, pp. 5 – 28 2-7 Employees Our People, pp. 41 – 44 2-8 Workers who are not employees All of our workers are employees. 2-9 Governance structure and composition Corporate Governance, p. 30 2-10 Nomination and selection of the highest governance body Board of Directors’ Governance Guidelines 2-11 Chair of the highest governance body Board Composition, p. 30 2-12 Role of the highest governance body in overseeing the management of impacts Corporate Governance, p. 30 Investment Stewardship Governance, pp. 31 – 33 2-13 Delegation of responsibility for managing impacts Corporate Governance, p. 30 Investment Stewardship Governance, pp. 31 – 33 2-14 Role of the highest governance body in sustainability reporting Corporate Governance, p. 30 2-16 Communication of critical concerns Whistleblower Policy Code of Business Conduct and Ethics 2-22 Statement on sustainable development strategy A Letter From the Chief Executive Officer, p. 3 A Message From Our Chair, p. 4 GRI Disclosure Description Location in Report INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 129

GRI Disclosure Description Location in Report 2-23 Policy commitments Investment Stewardship Policies, p. 34 2-29 Approach to stakeholder engagement Stakeholder and Investor Engagement, p. 26 GRI 3: Material Topics 3-1 Process to determine material topics Investment Stewardship Priorities Assessment, pp. 27 3-2 List of material topics Investment Stewardship Priorities Assessment, pp. 27 GRI 205: Anti-Corruption 3-3 Management of material topics The Anti-Corruption Policy applies to all Royal Gold employees. This policy also applies, if documented in a written agreement, to any agent, consultant, representative, broker, distributor, joint venture partner or other third party that is retained by Royal Gold to act on its behalf with regard to its business (together, “third-party contractors”). 205-2 Communication and training about anti-corruption policies and procedures The Anti-Corruption Policy applies to all Royal Gold employees. This policy also applies, if documented in a written agreement, to any agent, consultant, representative, broker, distributor, joint venture partner or other third party that is retained by Royal Gold to act on its behalf with regard to its business (together, “third-party contractors”). 205-3 Confirmed incidents of corruption and actions taken There were no incidents of corruption in 2025. GRI 207: Tax 3-3 Management of material topics Tax Policy 207-1 Approach to tax Taxes, Associations and Political Contributions, p. 40 207-2 Tax governance, control and risk management Tax Policy 207-4 Country-by-country reporting Taxes, Associations and Political Contributions, p. 40 GRI 302: Energy 3-3 Management of material topics Corporate Emissions, p. 57 Operator Performance, p. 61 Operator Energy Consumption, pp. 92 – 101 302-1 Energy consumption within the organization Corporate Emissions, p. 57 302-2 Energy consumption outside the organization Corporate Emissions, p. 57 Operator Energy Consumption, pp. 92 – 101 302-3 Energy intensity Operator Energy Consumption, pp. 92 – 101 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 130

GRI Disclosure Description Location in Report GRI 303: Water and Effluents 3-3 Management of material topics Operator Performance, p. 61 Operator Water Availability and Risk, p. 69 Operator Water Consumption Intensity, p. 69 303-5 Water consumption Operator Water Consumption Intensity, p. 69 Appendix > Operator Water Consumption, pp. 116 – 126 GRI 304: Biodiversity 3-3 Management of material topics Operator Performance, p. 61 Operator Biodiversity, pp. 73 – 74 304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations Operator Biodiversity, pp. 73 – 74 GRI 305: Emissions 3-3 Management of material topics Climate Change, pp. 56 – 60 Operator Performance, p. 61 305-1 Direct (scope 1) GHG emissions Corporate Emissions, p. 57 305-2 Energy indirect (scope 2) GHG emissions Corporate Emissions, p. 57 305-3 Other indirect (scope 3) GHG emissions Operator GHG Emissions, pp. 104 – 114 Appendix > Operator GHG Emissions, pp. 104 – 114 305-4 GHG emissions intensity Operator GHG Emission Intensity, p. 114 Appendix > Portfolio Emission Intensity Summary, p. 114 GRI 308: Supplier Environmental Assessment 3-3 Management of material topics Standards for Suppliers and Operators GRI 401: Employees 3-3 Management of material topics Talent Attraction and Retention, p. 42 401-1 New employee hires and employee turnover 2025 Employee Statistics, p. 43 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 131

GRI Disclosure Description Location in Report GRI 403: Occupational Health and Safety 3-3 Management of material topics Operator Safety, p. 72 Appendix > Corporate Performance Scorecard, p. 78 Operator Safety, p. 72 403-5 Worker training on occupational health and safety Health, Safety and Wellness, p. 44 403-9 Work-related injuries Appendix > Corporate Performance Scorecard, p. 78 Operator Safety, p. 72 GRI 413: Local Communities 3-3 Management of material topics Community Investment, p. 46 413-1 Operations with local community engagement, impact assessments and development programs Community Investment, p. 46 GRI 414: Supplier Social Assessment 3-3 Management of material topics Standards for Suppliers and Operators 414-1 New suppliers that were screened using social criteria GRI 415: Public Policy 3-3 Management of material topics Political Contributions, p. 40 Code of Business Conduct and Ethics 415-1 Political contributions Political Contributions, p. 40 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 132