Royal Gold Announces 4,000,000 Share Common Stock Offering at $70.34 per Share

Royal Gold, Inc. (NASDAQ: RGLD) announced today that it has agreed to sell 4.0 million common shares of Royal Gold to Goldman, Sachs & Co. in an underwritten at-the-market public offering. The last reported sale price of Royal Gold's common stock on the NASDAQ Global Select Market on January 9, 2012 was $70.34 per share. The offering is expected to close on January 13, 2012, subject to customary closing conditions. Goldman, Sachs & Co. is acting as the sole underwriter for the offering.