Principal Property Performance Overview
ESG performance metrics for Royal Gold's principal properties.
Principal Property Performance Mount Milligan Pueblo Viejo Cortez Andacollo Kansanshi 2025 Revenue Percentage 22% 13% 7% 8% 3% Jurisdiction and Company RepRisk ESG reputational risk rating - country Low High Moderate Moderate Very High RepRisk ESG reputational risk rating - company Low High Low Low Moderate Corruption Perception Index quartile ranking 1st Quartile 3rd Quartile 1st Quartile 1st Quartile 3rd Quartile Energy and Climate Corporate emission reduction targets publicly reported No Yes Yes Yes No GHG emissions intensity (tCO 2 e/GEO) quartile ranking 1 1st 4th 2nd 1st NA Total energy intensity (GJ/GEO) quartile ranking 1 4th 4th 3rd 4th NA Water Water stress rating by Aqueduct Water Risk Atlas Low Low-Medium Extremely High Extremely High N/A Water consumption intensity (m 3 /GEO) quartile ranking 1 4th 4th 1st 4th N/A Water consumption Intensity (m 3 /t ore processed) quartile ranking 1 1st 4th 1st 2nd N/A Biodiversity IUCN Red List species (critically endangered + endangered) 1 33 2 17 21 Designated protected area or KBAs covering all or part of project’s active footprint None Aniana Vargas National Park None Quisco Coquimbano None Safe Operation Number of fatal accidents in 2025 0 0 1 0 0 Tailing management disclosure Yes Yes Yes Yes Yes Workforce and Communities Human rights policy Yes Yes Yes Yes Yes Modern slavery disclosure Report Report Report Report Report Grievance mechanism Yes Yes Yes Yes Yes 1. Based on Skarn Associates Gold Industry ranking curves for 2024 2. An “N/A” indicates that 2024 data associated with Kansanshi is not reported as the asset was not part of the Royal Gold portfolio. We expect to fully report detailed data for Kansanshi in next year’s report. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 79
Portfolio Performance Scorecard 1,2,3 Parameter Gold Industry 4 2019 2020 2021 2022 2023 2024 2024 Average Revenue ($ million) $468 $562 $654 $603 $606 $719 Net Gold Equivalent Ounces (GEO) Sold 5,6 268,000 268,000 284,000 265,000 259,000 260,000 Energy and Climate Change 6 GHG Emission (tCO 2 e) 227,000 211,000 218,000 196,000 197,000 217,000 Scope 1 and 2 GHG Emissions Intensity (tCO 2 e/GEO) 0.85 0.79 0.77 0.74 0.76 0.84 0.78 Total Energy Intensity (GJ/GEO) 12.1 12.8 14.0 13.4 11.8 11.0 8.9 Energy Emissions Factor (tCO 2 e/TJ) 70 62 55 55 51 57 77 Process Electrical Energy Intensity (kW-hr/t processed) 40.4 39.9 40.5 40.9 36.0 35.1 31.9 Percentage of Electrical Energy from Grid 72% 69% 68% 71% 76% 85% 82% Grid Factor (tCO 2 e/MWh) 0.22 0.18 0.12 0.14 0.12 0.16 0.32 Diesel Fuel Intensity (liters/t mined) 1.15 1.02 1.09 1.07 0.80 0.83 Percentage of Portfolio Revenue Production With Absolute GHG Emissions Reduction Target(s) by 2030 55% 57% 60% Percentage of Portfolio Revenue Production With Net Zero GHG Emission Target by 2050 47% 51% 52% Water Availability 7 Water Consumption Intensity (m 3 /Net GEO) 21.7 21.4 21.7 24.8 25.0 26.2 21.1 Water Consumption Intensity (m 3 /t ore treated) 0.57 0.53 0.51 0.60 0.56 0.6 0.59 Percentage of Revenue From High or Extremely High Water Stress Regions 8 39% 40% 44% 40% 45% 45% Percentage of Revenue From Regions With High or Extremely High Interannual Precipitation Variability 34% 32% 35% 37% 43% 43% INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 80
Safe Operations TRIFR NR 3.1 3.6 2.9 2.9 4.4 2.3 Number of Fatal Accidents NR 2 2 6 0 3 Percentage of Applicable Revenue Covered by Tailing Disclosure NR 90% 85% 89% 95% Percentage of Applicable Revenue That Are Signatories to the International Cyanide Management Code NR 76% 71% 68% 68% 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. Metrics are weighted average using net GEOs. 3. We use the most current data available and adjust our calculations accordingly. None of the changes made to past data are material. 4. Energy and GHG emissions industry average statistics are based on data provided by Skarn Associates for 2024, and industry average safety statistics were obtained from the ICMM for 2024. 5. GEO production is estimated based on the following metal prices for each year using production units identified by Skarn Associates: $1,758/oz Au; $20.54/oz Ag; $6,185.82/lb Cu; $1,826.14/lb Pb; $2,268.85/lb Zn. 6. Net GEO production data may be updated for minor errors and inconsistencies identified in prior years. 7. Energy, GHG emissions and water data used to estimate portfolio performance was provided by Skarn Associates. Some data is estimated by Skarn, and Skarn may update prior year estimates. 8. Also includes jurisdictions classified as Arid and Low water use. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES 81 | 2025-2026 Investment Stewardship Report Royal Gold
