Market Overview

Royal Gold Announces 5.25M Share Common Stock Offering


Royal Gold (NASDAQ: RGLD) announced today that it has agreed to sell 5.25 million shares of common stock of Royal Gold to a group of underwriters led by Goldman, Sachs & Co. in an underwritten at-the-market public offering. To the extent the underwriters sell more than 5.25 million shares, the underwriters will have the option to purchase up to 750,000 additional shares from Royal Gold. The last reported sale price of Royal Gold's common stock on the NASDAQ Global Select Market on October 9, 2012 was $94.16 per share. The offering is expected to close on October 15, 2012, subject to customary closing conditions. Goldman, Sachs & Co. is acting as the sole book-running manager for the offering, and HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. are acting as lead managers.

Royal Gold intends to use the net proceeds of this offering for the acquisition of additional royalty or similar interests and for general corporate purposes.

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