Management

From left to right: Bill Heissenbuttel, Bruce Kirchhoff, Karen Gross, Tony Jensen, Bill Zisch, Stefan Wenger

Bill Heissenbuttel

Vice President Corporate Development

Bill Heissenbuttel“Our transaction experience allows us to create tailored solutions for each project, whether a gold stream, mine finance, or a royalty acquisition.”

Bruce Kirchhoff

Vice President and General Counsel

Bruce Kirchhoff“Our leadership provides a strong backbone for quality governance and high performance.”

Karen Gross

Vice President and Corporate Secretary

Karen Gross“Our goal is to provide a premier gold investment opportunity for our shareholders.”

Bill Zisch

Vice President Operations

Bill Zisch“We are partnering with high quality operators on world class projects such as Andacollo, Voisey’s Bay, Peñasquito, Mt. Milligan and Pascua-Lama.”

Stefan Wenger

Chief Financial Officer and Treasurer

Stefan Wenger“Our significant increase in free cash flow for fiscal 2011 demonstrates the strong operating efficiencies of our royalty model.”

Board of Directors

Top row, from left to right: James W. Stuckert, M. Craig Haase, Tony Jensen, Stanley Dempsey, Donald Worth
Bottom row, left to right: S. Oden Howell, Jr., Gordon J. Bogden, Willam Hayes

James W. Stuckert
Senior Executive
Hilliard Lyons, Inc.

M. Craig Haase
Retired Mining Executive

Tony Jensen
President and Chief Executive Officer
Royal Gold, Inc.

Stanley Dempsey
Chairman
Royal Gold, Inc.

Donald Worth
Corporate Director

S. Oden Howell, Jr.
President
Howell & Howell Contractors

Gordon J. Bogden
Vice Chairman, Mining & Metals
Standard Chartered Bank

William Hayes
Retired Mining Executive