38 ROYAL GOLD, INC. | INVESTOR PRESENTATION | MARCH 2025 ESG Overview: Sustainability Is Our Business Model Royal Gold is committed to sustainability at the corporate and local levels, and seeks counterparties with leading approaches to ESG practices Environmental Social Governance Committed to supporting social causes where we have investments and in our local communities Committed to analyzing and mitigating the environment around us; sponsors of innovation and best practices in mining Committed to good corporate governance, promoting long-term shareholder interests Endorse the Responsible Gold Mining Principles of the World Gold Council and the ICMM 10 Mining Principles Committed to supporting local charities and social causes Charitable giving budget for 2024 $1.5M Annual paid leave for employees to volunteer with non- profit organizations of their choosing 2 Days Invested with Alamos Gold for construction of medical clinic in Matarachi, Mexico $400k Committed over 5 years to support Golden Star Oil Palm Plantation Ltd. near Wassa mine in Ghana $750k

March 2025 Investor Presentation - Page 38 March 2025 Investor Presentation Page 37 Page 39