Business Strategy2014 Interactive Annual Report

Key Elements of our business strategy include:

Focus On Gold

Royal Gold is a precious metals investment vehicle focused on gold.

Business Model

Royal Gold’s lower risk business model is based on acquiring royalty interests in precious metal properties or entering into precious metals stream transactions, rather than engaging in costly and more complex mining operations.

Growth and Diversification

Royal Gold is determined to add to its broad-based and geopolitically favorable portfolio of precious metal interests through accretive transactions.

Margin Enhancement

Royal Gold’s unique business model allows it to efficiently grow revenue without adding significant overhead costs.

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.