Operator GHG Emissions Report

Scope 1 and 2 GHG emissions by operator, evaluated by Skarn Associates, 2018–2024.

Operator GHG Emissions The following table presents scope 1 and 2 GHG emissions performance data for a majority of our revenue-generating mineral properties, as available from Skarn Associates for calendar years 2018 through 2024. The table also provides the emissions estimates that can be attributed to our streams and royalties and the average emission intensity for our portfolio. We have estimates of GHG emissions associated with about 99% of our net GEOs in each of the six years presented. The process to calculate the GHG emission footprint for our portfolio is described in detail on page 136 . 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. We use the most current data available from Skarn Associates and adjust our presentation of data and calculations accordingly. The Operator GHG Emissions 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 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Principal Properties Andacollo 2019 17.2% 35,000 181,966 216,965 0.15 0.78 0.93 6,918 35,968 42,887 Teck Resources Limited 2020 13.4% 39,680 133,247 172,927 0.16 0.54 0.70 5,749 19,305 25,053 2021 11.4% 42,616 0.00 42,616 0.22 0.00 0.22 7,273 0.00 7,273 2022 8.4% 41,650 0.00 41,650 0.26 0.00 0.26 5,707 0.00 5,707 2023 8.4% 42,405 0.00 42,405 0.27 0.00 0.27 5,790 0.00 5,790 2024 6.5% 39,000 0.00001 39,000 0.25 0.00 0.25 1st 4,232 0.0 4,232 Cortez 3 2019 4.3% 274,152 123,849 398,001 0.28 0.13 0.41 3,289 1,486 4,774 Nevada Gold Mines LLC 2020 6.1% 292,832 108,216 401,047 0.37 0.14 0.50 5,998 2,217 8,215 2021 11.0% 297,000 56,000 353,000 0.41 0.08 0.48 12,663 2,388 15,050 2022 10.6% 284,000 42,000 326,000 0.33 0.05 0.38 9,182 1,358 10,540 2023 18.8% 289,000 30,000 319,000 0.32 0.03 0.36 15,761 1,636 17,397 2024 11.3% 299,000 27,250 326,250 0.41 0.04 0.45 2nd 12,114 1,104 13,217 Mount Milligan 2019 23.3% 65,741 16,018 81,759 0.21 0.05 0.26 13,148 3,204 16,351 Centerra Gold Inc. 2020 24.8% 66,580 23,867 90,447 0.21 0.08 0.29 14,265 5,114 19,379 2021 23.5% 69,406 5,848 75,254 0.21 0.02 0.23 14,168 1,194 15,361 2022 27.0% 78,652 6,714 85,366 0.25 0.02 0.27 17,695 1,511 19,205 2023 23.5% 72,493 7,075 79,568 0.27 0.03 0.30 16,664 1,626 18,290 2024 24.3% 77,335 6,988 84,323 0.29 0.03 0.32 1st 18,583 1,679 20,262 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 104

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Pueblo Viejo 2019 17.3% 2,165,898 0 2,165,898 2.07 0 2.07 95,994 0 95,994 Barrick Gold Corporation 2020 16.9% 1,860,150 57,914 1,918,064 1.94 0.06 2.00 87,648 2,729 90,377 2021 14.1% 2,129,000 85,000 2,214,000 2.46 0.10 2.56 98,819 3,945 102,764 2022 12.4% 1,847,000 73,000 1,920,000 2.41 0.10 2.50 79,228 3,131 82,359 2023 10.6% 1,787,000 87,000 1,874,000 3.00 0.15 3.15 82,710 4,027 86,737 2024 9.6% 1,916,000 151,779 2,067,779 3 0.24 3 4th 76,014 6,022 82,035 Non-Principal Properties Allan/Borax 2019 0.3% NR NR NR NR NR NR NR NR NR Nutrien Ltd. 2020 0.3% NR NR NR NR NR NR NR NR NR 2021 0.3% NR NR NR NR NR NR NR NR NR 2022 0.3% NR NR NR NR NR NR NR NR NR 2023 0.3% NR NR NR NR NR NR NR NR NR 2024 0.3% NR NR NR NR NR NR NR NR NR NR Bald Mountain 3 2019 0.2% 115,195 30,245 145,440 0.61 0.16 0.77 361 95 456 Kinross Gold Corporation 2020 0.0% 127,155 33,951 161,106 0.66 0.18 0.84 55 15 70 2021 0.2% 127,142 26,931 154,073 0.62 0.13 0.75 305 65 369 2022 0.4% 117,108 17,277 134,385 0.55 0.08 0.63 555 82 636 2023 0.3% 110,964 17,577 128,541 0.70 0.11 0.82 615 97 712 2024 0.1% 112,509 56,299 168,808 0.62 0.31 0.93 3rd 161 81 242 Bellevue 2019 0.0% NR NR NR NR NR NR NR NR NR Bellevue Gold Ltd. 2020 0.0% NR NR NR NR NR NR NR NR NR 2021 0.0% NR NR NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 1.1% NR NR 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 105

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Canadian Malartic 3 2019 1.8 % 228,467 874 229,341 0.34 0.00 0.34 1,626 6 1,632 Agnico Eagle Mines Ltd. 2020 1.6 % 210,457 1,100 211,557 0.37 0.00 0.37 1,619 8 1,627 2021 1.5 % 219,283 1,025 220,308 0.30 0.00 0.31 1,270 6 1,276 2022 1.0% 210,117 1,273 211,390 0.32 0.00 0.32 821 5 826 2023 0.3% 250,725 1,283 252,008 0.36 0.00 0.36 271 1 273 2024 0.1% 186,282 499 186,782 0.28 0.00 0.28 1st 71 0 72 Celtic/Wonder North 2019 0.0% NR NR NR NR NR NR NR NR NR Northern Star Resources Ltd. 2020 0.0% NR NR NR NR NR NR NR NR NR 2021 0.0% NR NR NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 0.1% NR NR NR NR NR NR NR NR NR NR Côté 2019 — — — — — — — — — — IAMGOLD Corporation 2020 — — — — — — — — — — 2021 — — — — — — — — — — 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 0.5% 101,324 34,891 108,111 0.51 0.03 0.54 2nd 624 42 666 Dolores 2019 1.9% 93,898 46,883 140,781 0.53 0.26 0.79 2,666 1,331 3,996 Pan American Silver Corporation 2020 1.5% 87,521 43,884 131,405 0.62 0.31 0.92 2,492 1,250 3,742 2021 2.0% 64,650 38,516 103,166 0.35 0.21 0.55 1,964 1,170 3,134 2022 1.9% 48,116 16,206 64,322 0.30 0.10 0.39 1,501 506 2,007 2023 1.6% 31,889 15,514 47,403 0.24 0.12 0.36 983 478 1,462 2024 1.1% 24,135 34,891 59,026 0.26 0.38 0.64 3rd 737 1,066 1,803 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 106

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Don Nicolas 3 2019 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cerrado Gold, Inc. 2020 0.4% 15,979 0.00 15,979 0.94 0.00 0.94 1,074 0.00 1,074 2021 0.2% 29,257 0.00 29,257 0.67 0.00 0.67 386 0.00 386 2022 0.2% 28,522 0.00 28,522 0.53 0.00 0.53 340 0.00 340 2023 0.1% 35,545 0.00 35,545 0.52 0.00 0.52 117 0.00 117 2024 0.4% 36,919 0.00 36,919 0.68 0.00 0.68 3rd 743 0.00 743 El Limón 2019 0.6% 41,434 14,738 56,171 0.66 0.23 0.89 1,142 406 1,548 Equinox Gold 2020 0.9% 35,308 13,088 48,396 0.54 0.20 0.75 1,273 472 1,745 2021 1.0% 35,912 16,735 52,646 0.53 0.25 0.78 1,433 668 2,101 2022 1.2% 21,668 0.00 21,668 0.28 0.00 0.28 887 0.00 887 2023 1.1% 24,849 0.00 24,849 0.34 0.00 0.34 937 0.00 937 2024 1.2% 24,851 0.00 24,851 0.35 0.00 0.35 1st 1,066 0.00 1,066 Goldstrike 3 2019 0.9% 2,277,984 742,215 3,020,199 1.32 0.43 1.76 3,208 1,045 4,254 Nevada Gold Mines LLC 2020 0.7% 1,749,640 526,175 2,275,816 1.05 0.32 1.37 2,044 615 2,659 (Goldstrike and Carlin were combined by Nevada Gold Mines for reporting purposes starting in 2019 and are referred to as Carlin.) 2021 0.6% 1,792,700 320,000 2,112,700 1.19 0.21 1.41 2,005 358 2,363 2022 0.7% 1,924,900 148,000 2,072,900 1.17 0.09 1.26 2,027 156 2,183 2023 0.3% 1,758,200 96,000 1,854,200 1.25 0.07 1.31 1,013 55 1,069 2024 0.3% 1,928,400 85,155 2,013,555 1.53 0.07 1.60 4th 1,120 49 1,169 Granite Creek 2019 0.0% NR NR NR NR NR NR NR NR NR i-80 Gold Corp. 2020 0.0% NR NR NR NR NR NR NR NR NR 2021 0.0% NR NR NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 0.2% NR NR 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 107

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Gwalia 3 2019 1.0% 74,803 0.00 74,803 0.41 0.00 0.41 1,129 0 1,129 Genesis Minerals Limited 2020 0.9% 86,500 0.00 86,500 0.56 0.00 0.56 1,270 0 1,270 2021 0.9% 93,000 0.00 93,000 0.49 0.00 0.49 1,278 0 1,278 2022 0.8% 90,218 0.00 90,218 0.57 0.00 0.57 1,277 0 1,277 2023 0.7% 101,435 0.00 101,435 0.56 0.00 0.56 1,082 0 1,082 2024 0.7% 97,905 1,132 99,037 0.65 0.01 0.65 3rd 1,094 13 1,107 Khoemacau 2019 —% — — — — — — — — — MMG Limited 2020 —% — — — — — — — — — (formally Khoemacau Copper) 2021 0.7% 22,069 87,148 109,218 0.18 0.72 0.90 373 1,473 1,846 2022 3.1% 44,139 174,296 218,435 0.19 0.77 0.96 1,608 6,351 7,959 2023 5.4% 39,949 134,235 174,184 0.19 0.64 0.83 2,657 8,929 11,587 2024 4.3% 39,233 149,100 188,333 0.26 0.99 1.25 4th (Cu) 2,906 11,045 13,951 King of the Hills 2019 0.4% NR NR NR NR NR NR NR NR NR Vault Minerals Limited 2020 0.2% NR NR NR NR NR NR NR NR NR 2021 0.03% NR NR NR NR NR NR NR NR NR 2022 0.2% 87,061 0.00 87,061 1.25 0.00 1.25 635 0 635 2023 0.8% 159,974 0.00 159,974 0.76 0.00 0.76 1,639 0 1,639 2024 0.9% 166,373 0.00 166,373 0.83 0.00 0.83 3rd 1,851 0 1,851 LaRonde Zone 5 3 2019 0.5% 38,306 861 39,167 0.09 0.00 0.09 116 3 119 Agnico Eagle Mines Ltd. 2020 0.4% 31,861 204 32,065 0.09 0.00 0.09 100 1 100 2021 0.4% 35,820 217 36,037 0.09 0.00 0.09 107 1 108 2022 0.6% 41,181 274 41,455 0.11 0.00 0.11 164 1 165 2023 0.5% 38,880 259 39,139 0.12 0.00 0.12 152 1 153 2024 0.6% 46,579 339 46,918 0.14 0.00 0.14 1st 214 2 216 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 108

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Leeville (North) 3 2019 0.3% 2,277,984 742,215 3,020,199 1.32 0.43 1.76 1,123 366 1,489 Nevada Gold Mines LLC 2020 0.3% 1,749,640 526,175 2,275,816 1.05 0.32 1.37 976 294 1,270 (Scope 1 emissions included portions of emissions from the Western 102 and TS power plants.) 2021 1.0% 1,792,700 320,000 2,112,700 1.19 0.21 1.41 3,519 628 4,147 2022 0.9% 1,924,900 148,000 2,072,900 1.17 0.09 1.26 2,731 210 2,941 2023 1.1% 1,758,200 96,000 1,854,200 1.25 0.07 1.31 3,678 201 3,879 2024 1.3% 1,928,400 85,155 2,013,555 1.53 0.07 1.60 4th 5,089 225 5,314 Manh Choh 2019 0.0% NR NR NR NR NR NR NR NR NR Kinross Gold Corporation 2020 0.0% NR NR NR NR NR NR NR NR NR 2021 0.0% NR NR NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 1.7% 256,859 220,425 477,284 0.54 0.46 0.99 4th 2,397 2,057 4,453 Mara Rosa 2019 0.0% NR NR NR NR NR NR NR NR NR Hochschild Mining plc 2020 0.0% NR NR NR NR NR NR NR NR NR 2021 0.0% NR NR NR NR NR NR NR NR NR 2022 0.0% NR NR NR NR NR NR NR NR NR 2023 0.0% NR NR NR NR NR NR NR NR NR 2024 0.7% 16,141 5,726 21,867 0.25 0.09 0.34 1st 455 162 617 Marigold 3 2019 1.5% 101,861 10,284 112,145 0.46 0.05 0.51 1,869 189 2,058 SSR Mining Inc. 2020 1.7% 138,792 10,616 149,408 0.59 0.05 0.64 2,741 210 2,951 2021 1.6% 152,504 12,906 165,410 0.65 0.05 0.70 3,022 256 3,278 2022 1.3% 150,063 16,622 166,685 0.65 0.07 0.72 2,210 245 2,455 2023 1.0% 132,143 18,973 151,115 0.51 0.07 0.58 1,340 192 1,532 2024 1.3% 131,928 23,768 155,697 0.78 0.14 0.93 3rd 2,658 479 3,137 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 109

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Meekathara 3 2019 0.7% 122,832 0.00 122,832 0.71 0.00 0.71 1,408 0.00 1,408 Westgold Resources Ltd. 2020 0.8% 145,905 0.00 145,905 0.80 0.00 0.80 1,676 0.00 1,676 2021 0.7% 148,748 0.00 148,748 0.78 0.00 0.78 1,542 0.00 1,542 2022 0.6% 142,447 0.00 142,447 0.71 0.00 0.71 1,161 0.00 1,161 2023 0.4% 130,348 0.00 130,348 0.74 0.00 0.74 810 0.00 810 2024 0.1% 86,533 0.00 86,533 0.611 0.00 0.611 3rd 114 0.00 114 Peñasquito 2019 4.1% 300,254 475,382 775,635 0.45 0.72 1.17 4,945 7,829 12,774 Newmont Corporation 2020 7.1% 321,156 577,458 898,614 0.24 0.44 0.68 4,658 8,375 13,032 2021 8.2% 418,372 578,188 996,560 0.28 0.38 0.66 6,461 8,929 15,390 2022 7.6% 436,674 587,649 1,024,323 0.32 0.43 0.76 6,469 8,706 15,175 2023 3.4% 226,563 359,527 586,090 0.38 0.61 1.00 3,348 5,313 8,660 2024 7.7% 345,541 555,842 901,383 0.33 0.53 0.86 3rd 6,639 10,680 17,319 Rainy River 2019 5.5% 142,871 2,254 145,125 0.56 0.01 0.56 8,178 129 8,307 Coeur Mining, Inc. 2020 4.7% 138,485 5,462 143,947 0.59 0.02 0.62 7,498 296 7,793 2021 5.2% 142,994 5,899 148,893 0.59 0.02 0.62 8,713 359 9,072 2022 5.0% 131,384 8,208 139,592 0.56 0.03 0.60 7,366 460 7,827 2023 5.8% 127,029 12,459 139,488 0.49 0.05 0.54 7,376 723 8,099 2024 5.6% 95,031 9,329 104,359 0.42 0.04 0.46 2nd 6,051 594 6,645 Red Chris 2019 —% — — — — — — — — — Newmont Corporation 2020 —% — — — — — — — — — 2021 —% — — — — — — — — — 2022 0.5% 92,283 8,538 100,821 0.54 0.05 0.59 707 65 773 2023 0.6% 94,133 5,938 100,071 0.71 0.05 0.75 1,038 65 1,103 2024 0.4% 101,311 5,148 106,459 0.79 0.04 0.83 3rd 819 42 861 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 110

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Robinson 2019 1.9% 149,061 329,614 478,675 0.64 1.42 2.07 3,276 7,244 10,519 KGHM International Ltd. 2020 2.2% 146,962 324,972 471,933 0.75 1.66 2.41 4,500 9,952 14,452 2021 1.8% 146,962 324,972 471,933 0.60 1.32 1.92 3,117 6,891 10,008 2022 1.9% 146,962 324,972 471,933 0.70 1.55 2.25 3,540 7,827 11,367 2023 1.5% 104,973 232,123 337,095 0.82 1.81 2.62 3,116 6,890 10,005 2024 2.5% 146,962 368,973 515,935 0.63 1.59 2.23 4th 4,120 10,344 14,465 Skyline 2019 0.3% NR NR NR NR NR NR NR NR NR Wolverine Fuels, LLC 2020 0.3% NR NR NR NR NR NR NR NR NR 2021 0.1% NR NR NR NR NR NR NR NR NR 2022 0.05% NR NR NR NR NR NR NR NR NR 2023 0.3% NR NR NR NR NR NR NR NR NR 2024 0.3% NR NR NR NR NR NR NR NR NR NR South Laverton 3 2019 1.1% 87,006 0.00 87,006 0.44 0.00 0.44 1,342 0 1,342 Northern Star Resources Ltd. 2020 2.2% 96,570 0.00 96,570 0.45 0.00 0.45 2,708 0 2,708 2021 1.9% 150,238 0.00 150,238 0.59 0.00 0.59 3,244 0 3,244 2022 1.3% 166,156 0.00 166,156 0.85 0.00 0.85 2,933 0 2,933 2023 1.4% 151,848 0.00 151,848 0.61 0.00 0.61 2,282 0 2,282 2024 1.4% 137,263 0.00 137,263 0.55 0.00 0.55 2nd 2,057 0 2,057 Southern Cross 2019 0.4% 40,369 57,690 98,059 0.25 0.36 0.61 269 384 653 Shandong Tianye Group 2020 0.3% 37,907 46,214 84,121 0.23 0.29 0.52 210 256 466 2021 0.3% 35,834 53,765 89,599 0.22 0.33 0.55 212 317 529 2022 0.3% 33,077 83,735 116,812 0.20 0.52 0.72 155 392 547 2023 0.3% 33,077 83,735 116,812 0.20 0.51 0.71 164 416 581 2024 0.4% 33,077 68,310 101,387 0.20 0.42 0.62 3rd 200 414 615 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 111

Mineral Property/Operator Year 1 Royal Gold Net GEOs 2 (%) Operator Emission Estimates 4 Operator Emission Intensity 2, 4 GHG Emissions Intensity Quartile Ranking 8 RGLD Attributed Emissions 5 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) (tCO 2 e) Voisey’s Bay 2019 2.0% 81,705 0.00 81,705 0.21 0.00 0.21 1,117 0.00 1,117 Vale S.A. 2020 1.5% 73,397 0.00 73,397 0.20 0.00 0.20 780 0.00 780 2021 2.6% 83,745 0.00 83,745 0.21 0.00 0.21 1,557 0.00 1,557 2022 1.5% 91,521 0.00 91,521 0.37 0.00 0.37 1,489 0.00 1,489 2023 0.8% 93,134 0.00 93,134 0.64 0.00 0.64 1,326 0.00 1,326 2024 1.0% 264,020 0.00 264,020 1.22 0.00 1.22 2nd (Cu) 3,290 0.00 3,290 Wassa 2019 4.4% 20,890 9,950 30,840 0.13 0.06 0.20 1,585 755 2,340 Chifeng Jilong Gold Mining Co., Ltd. 2020 5.0% 20,409 12,200 32,608 0.12 0.07 0.19 1,635 977 2,612 2021 4.9% 26,820 69,770 96,590 0.17 0.45 0.62 2,422 6,302 8,724 2022 5.2% 29,557 78,144 107,701 0.17 0.45 0.62 2,376 6,282 8,658 2023 5.2% 27,544 95,700 123,244 0.12 0.41 0.53 1,609 5,592 7,201 2024 6.3% 20,438 84,099 104,537 0.11 0.45 0.56 2nd 1,785 7,345 9,131 Wharf 2019 0.6% 33,715 37,674 71,389 0.40 0.44 0.84 668 746 1,414 Coeur Mining, Inc. 2020 0.7% 24,769 32,564 57,333 0.26 0.34 0.60 482 633 1,115 2021 0.6% 50,928 14,694 65,622 0.55 0.16 0.71 995 287 1,282 2022 0.5% 52,158 14,921 67,079 0.65 0.19 0.84 898 257 1,155 2023 0.7% 56,405 12,700 69,105 0.58 0.13 0.72 1,092 246 1,337 2024 0.5% 53,224 11,979 65,203 0.53 0.12 0.65 3rd 619 139 759 Williams 7 2019 0.6% 38,248 3,651 41,900 0.18 0.02 0.20 291 28 319 Barrick Gold Corporation 2020 0.7% 31,281 5,665 36,946 0.14 0.03 0.17 249 45 294 2021 0.4% 21,000 5,000 26,000 0.14 0.03 0.17 177 42 219 2022 0.2% 22,000 5,000 27,000 0.17 0.04 0.20 80 18 98 2023 (0.2%) 20,000 5,000 25,000 0.14 0.04 0.18 -69 -17 -86 2024 0.3% 18,000 5,000 23,000 0.13 0.04 0.16 1st 100 28 128 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 112

Portfolio Emission Intensity Summary Year 1 Royal Gold Net GEOs 2 (%) RGLD Attributed Emissions 5 Emission Intensity Industry Quartile Ranking 8 Scope 1 Scope 2 Scope 1 & 2 Scope 1 Scope 2 Scope 1 & 2 (tCO 2 e) (tCO 2 e/GEO) Properties With Emissions Estimates 2019 98.7% 161,308 62,905 223,963 0.61 0.24 0.85 3rd 2020 99.1% 154,934 54,192 209,125 0.58 0.20 0.79 3rd 2021 99.4% 180,164 36,292 216,455 0.64 0.13 0.77 3rd 2022 99.4% 155,887 38,857 194,744 0.59 0.15 0.74 3rd 2023 99.2% 158,529 37,201 195,730 0.62 0.14 0.76 3rd 2024 97.9% 158,634 53,917 212,551 0.62 0.21 0.84 3rd Properties Without Emissions Data 6 2019 1.3% 1,916 846 3,013 2020 0.9% 1,423 498 1,921 2021 0.6% 1,003 202 1,205 2022 0.6% 880 219 1,099 2023 0.8% 1,303 306 1,609 2024 2.1% 3,481 1,183 4,664 Total 2019 100% 163,224 63,751 226,976 0.61 0.24 0.85 2020 100% 156,357 54,690 211,046 0.58 0.20 0.79 2021 100% 181,167 36,494 217,660 0.64 0.13 0.77 2022 100% 156,767 39,076 195,843 0.59 0.15 0.74 2023 100% 159,832 37,507 197,339 0.62 0.14 0.76 2024 100% 162,115 55,100 217,215 0.62 0.21 0.84 INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 114

1. The Company changed its fiscal year end from June 30 to December 31, effective as of December 31, 2021. Accordingly, certain amounts in this table have been adjusted to reflect unaudited calendar year information. 2. GEO) production is estimated by multiplying the number of net metal or commodity units of which we take delivery, multiplied by the following standard set of commodity prices and divided by the stated gold price, with the same metal prices used for each year for comparative purposes: $1,758/oz Au; $20.54/oz Ag; $6,185.82/t Cu; $1,826.14/lb Pb; $2,268.85/t Zn; $13,672/t Ni; $25,992/t Mo; $31,161/t Co (see page 136 for complete definition). 3. Royal Gold’s interest is either a portion of the mineral properties or part of a complex, and energy usage is assumed to be equally proportioned to all GEOs. 4. Mine site emissions estimates were compiled by Skarn Associates, and we have relied on its database for emissions presented for gold and copper mining operations. 5. Royal Gold’s attributed emissions = Site emissions x Royal Gold % of site production. 6. Emissions intensity for mineral properties that were not included in the Skarn Associates database have been assumed to be equal to the average of the portfolio. 7. Prior year production adjustments occurred in 2023, resulting in negative production. 8. Industry quartile ranking is based both on Skarn Associates’ emissions intensity curve for gold production (tCO 2 e/oz Au) and the emissions intensity curve for copper production (CO 2 e/t Cu). Operations are benchmarked against the gold production intensity curve unless otherwise indicated with the designation “(Cu)” indicating the ranking is based on the copper emissions intensity curve. 9. Scope 2 emissions are Market Based. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 115