Royal Gold Announces the Closing of Its Public Offering of Common Stock



    DENVER, April 14 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL), a
leading precious metals royalty company, announced today the closing 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 sold 6,500,000 shares of common stock at a price of $38.00 per share
and 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.  The
over-allotment period ends May 14, 2009.  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 proceeds from the offering will be used primarily to pay the cash
component of the Andacollo transaction that was announced on April 6, 2009. 
If the transaction does not close, the net proceeds will be used for general
corporate purposes and to fund future acquisitions.
    

    
    HSBC Securities (USA) Inc. acted as the global coordinator and as the
joint book-runner for the offering with Goldman, Sachs & Co. and Scotia
Capital (USA) Inc.  Merrill Lynch & Co. and NBF Securities (USA) Corp. were
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
    Toll free:  866-811-8049
    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 the base
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 and the prospectus obtained from the website
established by the Canadian Securities Administrators, www.sedar.com, as the
case may be, 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.
    

    
    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."
    

    
    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 the use of proceeds
from the offering 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 Web Site:
http://www.royalgold.com

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ROYAL GOLD, INC.

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