Royal Gold Enters Into a New Credit Facility With Increased Availability



    DENVER, Oct. 31 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL), the
leading publicly-traded precious metals royalty company, today announced that
it has entered into a new amended and restated credit facility with the
maximum availability increased from US$80 million to US$125 million.  In
addition, the credit facility is now syndicated with HSBC Bank USA National
Association acting as the Administrative Agent and as Sole Lead Arranger, and
the Bank of Nova Scotia acting as Sole Syndication Agent.
    Tony Jensen, President and CEO, commented, "This revised credit facility
gives the Company additional financial flexibility as we continue to pursue
our growth strategy. Royal Gold currently has nearly $60 million of cash on
hand and, with $125 million available under the revised credit facility, we
have access to $185 million in total liquidity.  We look forward to our
continued relationship with HSBC and our new association with the Bank of Nova
Scotia."
    The term of the facility matures on October 30, 2013. Borrowings under
the credit facility will bear interest at a floating rate ranging from LIBOR
plus 1.75% to LIBOR plus 2.25%.  Repayment of any loans under the line of
credit will be secured by Royal Gold's producing royalties in Nevada and
certain other assets of the Company and its subsidiaries.  No funds have been
drawn or are currently outstanding.
    
    About Royal Gold
    
    Royal Gold is the leading precious metals royalty company engaged in the
acquisition and management of precious metals royalty interests.  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."  The Company's web
page is located at http://www.royalgold.com.
    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 are forward-looking statements that
involve risks and uncertainties that could cause actual results to differ
materially from the forward looking statements contained herein.  Such
forward-looking statements include the statement that additional cash
availability under the credit facility will give the Company increased
financial flexibility as it continues to pursue its growth strategy. Factors
that could cause actual results to differ materially from projections include,
among others, precious metals prices, decisions and activities of the operator
of the various properties, unanticipated grade, geological, metallurgical,
processing or other problems the operator may encounter, changes in project
parameters as plans continue to be refined, economic and market conditions, as
well as other factors described elsewhere in this press release and in our
Annual Report on Form 10-K, 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., +1-303-573-1660 Web Site:
http://www.royalgold.com

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ROYAL GOLD, INC.

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