Royal Gold Announces Pricing of Common Stock Offering



    DENVER, April 7 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL)
announced today the pricing of its public offering of 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 agreed to sell 6,500,000
shares at a price of $38.00 per share.  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.  Proceeds to the Company from
the offering, net of commission and expenses, are expected to be approximately
$235.3 million (assuming the underwriters' over-allotment option is not
exercised).  The offering will close on Tuesday, April 14, 2009.
    

    
    Royal Gold is acquiring a 75% interest in the gold production at the
Andacollo mine, located in Chile, with a subsidiary of Teck Cominco.  The
transaction was announced on April 6, 2009.  The stock portion of the
consideration for the Andacollo transaction will be decreased by 50% of the
shares sold in the offering and 50% of the net proceeds from the offering will
be used to increase the cash portion of the consideration.  The remaining net
proceeds will be used to fund future acquisitions and for general corporate
purposes.  The Andacollo transaction is subject to closing conditions, and
there is no assurance that the transaction will close on time or at all.
    

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

    
    Copies of the final prospectus supplement and the base shelf prospectus
relating to the offering may be obtained either by contacting any of the
following underwriters or by accessing the Securities and Exchange
Commission's 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
    
    Copies of the final Canadian MJDS prospectus supplement and shelf
prospectus relating to the offering may be obtained by either contacting the
following underwriters or by accessing the System for Electronic Document
Analysis and Retrieval (SEDAR) established by the Canadian Securities
Administrators:
    

    

    
    HSBC Securities (Canada) Inc.
    Attn: Equity Capital Markets (Stephanie Pridmore)
    70 York Street, 4th Floor
    Toronto, Ontario  M5J 1S9
    Canada
    Phone: 416-868-7765
    Fax: 416-868-3060
    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 final
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
final 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) 575-6504

    
    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, the use of proceeds from such sales and the closing of the Andacollo
transaction.  Factors that could cause actual results to differ materially
from projections or estimates include, among others, precious metals prices,
economic and market conditions, and other factors described in the Company's
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, +1-303-575-6504

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ROYAL GOLD, INC.

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