Royal Gold Announces Common Stock Offering



    DENVER, April 6 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL), a
leading precious metals royalty company, announced today that it intends to
offer 6.5 million shares of its common stock pursuant to the Company's shelf
registration statement filed with the Securities and Exchange Commission and a
shelf prospectus filed with certain Canadian Securities regulatory
authorities.  The Company has granted the underwriters a 30-day option to
purchase up to 975,000 additional shares of common stock to cover
over-allotments, if any.
    

    
    Royal Gold will use a portion of the net proceeds of this offering to
fund the Andacollo transaction that was announced today.  Pursuant to the
acquisition agreement, the initial cash portion of the purchase price of $100
million will be increased by 50% of the net proceeds from this offering, and
the initial stock portion of the purchase price of 4,454,136 shares will be
decreased by 50% of the shares sold in this offering.  The remaining net
proceeds will be used to fund future acquisitions and for general corporate
purposes. Further description is available in the prospectus supplement for
this offering.
    

    
    HSBC Securities (USA) Inc. is the global coordinator and acting as joint
book-runner with Goldman, Sachs & Co. and Scotia Capital (USA) Inc.  Merrill
Lynch & Co. and NBF Securities (USA) Corp. are acting as co-managers.
    

    
    This offering may be made only by means of a prospectus and a prospectus
supplement.   Once filed, copies of the preliminary prospectus supplement and
the base shelf prospectus relating to the offering may be obtained by either
contacting the following underwriters or by accessing the Securities and
Exchange Commission website, www.sec.gov:
    

    

    
    HSBC Securities (USA) Inc.
    Attn: Prospectus Dept.
    452 Fifth Avenue
    New York, NY 10018
    Phone: 212-525-0860
    Fax: 646-366-3165
    Email: ny.equity.syndicate@us.hsbc.com
    

    
    Goldman, Sachs & Co.
    Attn: Prospectus Dept.
    85 Broad Street
    New York, NY 10004
    Phone: 212-902-1171 or
    Toll free:  866-471-2526
    Fax: 212-902-9316
    Email: Prospectus-ny@ny.email.gs.com
    

    
    Scotia Capital (USA) Inc.
    Attn: Equity Capital Markets
    One Liberty Plaza, 25th Floor
    New York, NY 10006
    Phone:  212-225-6853
    Fax:  212-225-6852
    Email: sarah_tilley@scotiacapital.com

    
    In Canada, a copy of the prospectus and prospectus supplement may be
obtained from:
    

    

    
    HSBC Securities (Canada) Inc.
    Attn: Equity Capital Markets (Stephanie Pridmore)
    70 York Street, 4th Floor
    Toronto, Ontario  M5J 1S9
    Canada
    Phone: 416-868-7761
    Fax: 416-868-306
    Email: ecm@hsbc.ca
    

    
    Goldman, Sachs & Co.
    Attn: Prospectus Dept.
    85 Broad Street
    New York, NY  10004
    Phone: 212-902-1171 or
    Toll free: 866-471-2526
    Fax: 212-902-9316
    Email: Prospectus-ny@ny.email.gs.com
    

    
    Scotia Capital Inc.
    Attn: Equity Capital Markets
    (Paul Angelopoulos)
    40 Kings Street West, 65th Floor
    Toronto, Ontario  M5X 2X6
    Canada
    Phone: 416-862-5837
    Fax: 416-863-7420
    Email: Equity_capital_markets@scotiacapital.com

    
    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.  The securities being
offered have not been approved or disapproved by any regulatory authority, nor
has any such authority passed upon the accuracy or adequacy of the prospectus
supplement, the prospectus or the Company's shelf registration statement.  A
registration statement relating to the securities has been filed with the
Securities and Exchange Commission and became effective upon filing.  A
preliminary prospectus supplement relating to the offering will be filed with
the Securities and Exchange Commission.  A shelf prospectus has been filed
with the securities regulatory authorities in certain provinces in Canada and
a preliminary prospectus supplement will be filed with such regulatory
authorities.
    

    
    Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalty interests.  The Company
owns royalties on 117 properties on five continents, including royalties on 25
producing mines and 10 development stage projects. Royal Gold is publicly
traded on the NASDAQ Global Select Market under the symbol "RGLD," and on the
Toronto Stock Exchange under the symbol "RGL."
    

    

    
    For further information, please contact:  
    

    
    Karen Gross,
    Vice President and Corporate Secretary
    (303) 573-6504

    
    Cautionary "Safe Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995:  With the exception of historical matters, the
matters discussed in this press release include forward-looking statements
that involve risks and uncertainties that could cause actual results to differ
materially from projections or estimates contained herein.  Such
forward-looking statements include statements regarding future sales of common
stock and the use of proceeds from such sales.  Factors that could cause
actual results to differ materially from projections or estimates include,
among others, precious metals prices, economic and market conditions, as well
as other factors described in our Annual Report on Form 10-K/A, and other
filings with the Securities and Exchange Commission.  Most of these factors
are beyond the Company's ability to predict or control.  The Company disclaims
any obligation to update any forward-looking statement made herein.  Readers
are cautioned not to put undue reliance on forward-looking statements.
    


    Royal Gold, Inc.
    




For further information:

For further information: Karen Gross, Vice President and Corporate
Secretary, of Royal Gold, Inc., +1-303-573-6504 Web Site:
http://www.royalgold.com

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ROYAL GOLD, INC.

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