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

    DENVER, April 10 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; Toronto: RGL)
announced today the closing of the underwritten public offering of 4,000,000
shares of its common stock.  The offering was conducted pursuant to the
Company's existing effective shelf registration filed on Form S-3 with the
U.S. Securities and Exchange Commission.  The offering was priced at $29.25
per share, and proceeds to the Company from the offering, net of commission
and expenses, are expected to be approximately $110.9 million.
    HSBC Securities (USA) Inc. acted as global coordinator for the offering
with Merrill Lynch, Pierce, Fenner & Smith Incorporated. JP Morgan, National
Bank Financial, and UBS Investment Bank acted as co-managers.  The Company
granted to the underwriters of the offering an option to purchase an
additional 600,000 shares to cover over-allotments in the offering, of which
the entire over-allotment of 600,000 shares remain available for exercise. The
underwriters have until May 3, 2007, to exercise the shares granted in the
    The net proceeds of this offering are intended to repay the outstanding
balance under the Company's revolving credit facility with HSBC Bank USA,
National Association, to fund the acquisition and financing of additional
royalty interests and for general corporate purposes.
    A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission.  A final
prospectus supplement and related prospectus relating to the offering may be
obtained from HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY
10018, Attn: Equity Syndicate Desk, and from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, 4 World Financial Center, New York, New York 10080, Attn:
Prospectus Department.
    This communication 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 in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
that state.

    Royal Gold is a precious metals royalty company engaging in the
acquisition and management of precious metal royalty interests.  Royal Gold is
publicly traded on the NASDAQ National Market System under the symbol "RGLD,"
and on the Toronto Stock Exchange under the symbol "RGL."  The Company's web
page is located at

For further information:

For further information: Karen Gross, Vice President & Corporate
Secretary  of Royal Gold, Inc., +1-303-573-1660 Web Site:

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