Royal Gold, Inc. owns and manages royalties and similar interests primarily on precious metals mines, with a focus on gold. The Company’s portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations.

A royalty is simply a right to receive a percentage of production from a mine. By acquiring a royalty, Royal Gold buys a percentage of the metal produced from a given property in exchange for an initial payment, without assuming any responsibility for the actual mining operation. Another interest similar to a royalty is known as a metal stream. This product allows for a smaller front end payment, but requires that payments be made as metal is delivered to Royal Gold over the life of a mine. In either case, Royal Gold does not have to contribute to the operating or capital costs at the mine after the initial payment is made.

Royal Gold owns a large portfolio of producing, development, evaluation and exploration stage royalties and similar interests located in some of the world’s most prolific gold regions. Through this high quality portfolio, Royal Gold maintains upside potential through any exploration successes by the operators and benefits when new reserves are produced.

The Company is guided by the experience of a senior executive management team with expertise in the fields of geology, engineering, law and finance. Our successful business model generates strong cash flow and high margins with a lower cost structure, providing shareholders with a premium precious metals investment.

A Denver-based corporation, Royal Gold is traded on the NASDAQ Global Select Market, under the symbol “RGLD,” and on the Toronto Stock Exchange, under the symbol “RGL.”

Royal Gold collaborates with mine operators, royalty owners and other business partners to acquire or create royalties or metal stream structures to add value to our shareholders. The key elements of our business strategy include:

1. Focus on Gold. Royal Gold is a precious metals investment vehicle focused on gold.
2. Royalty Business Model. Royal Gold’s lower risk business model is based on acquiring royalty interests in precious metals properties or entering into precious metals stream transactions rather than engaging in costly and more complex mining operations.
3. Growth and Diversification. Royal Gold is determined to add to its broad base and geopolitically stable portfolio of precious metals interests through accretive transactions.
4. Margin Enhancement. Royal Gold’s unique business model allows us to efficiently grow our royalty revenue without adding significant overhead costs.
5. Financial Flexibility. Royal Gold’s liquidity allows the Company to compete for royalty acquisitions or metal streams by means of a purchase, a corporate transaction, providing financing, or entering into a strategic exploration alliance.