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Royal Gold Inc.

TICKER: NASDAQ:RGLD,TSX:RGL

DESCRIPTION: Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. The company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold's business model generates strong cash flow and high margins. The company's gold-focused portfolio contains over 100 producing, development, evaluation and exploration stage royalties located in some of the world's most prolific gold regions.
WEBSITE: http://www.royalgold.com
2009 Annual Report

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

So we are comfortable holding and adding to the exploration stocks, on a selective basis, and expect to be adding new recommendations over coming months. Among the stocks on our list, at current price levels, we would look to buy . . .and Royal Gold (RGLD, Nasdaq, 44.07). You can buy Royal Gold now; we can get the others a little cheaper if we are patient.
- Adrian Day's Global Analyst (02/05/10)

"As anticipated in our last bulletin, there has been another bid for International Royalty (ROY, NY, $7.25), this from yet another current position Royal Gold (RGLD, Nasdaq, $48.85). Royal's is a friendly takeover agreement, offering cash of C$7.45 (US$7.07) or shares, well above Franco's previous all-cash offer of C$6.75. With the decline in Royal's share price following the bid, the share offer is valued at US$6.77.

Royal's white knight offer has the support of IRC's directors and largest shareholders, with holders of approximately 34% of the total shares signing voting agreements. (It should be noted that these shareholders can switch support to a better offer, should one be made.) Royal's gold has certain other advantages over Franco's, including the ability to opt for shares and avoid capital gains tax. There are limits on the total number of shares or amount of cash that can be paid by RLGD, but since most of the insiders have opted for shares, those wanting cash likely won't have a problem. . ."
- Adrian Day's Global Analyst (12/24/09)

"We like Royal Gold Inc. (TSX:RGL, Nasdaq:RGLD). Most companies languished for months after the crash last fall and started coming back in March or so. Royal Gold recovered almost immediately. The reason, I believe, is that it isn't an exploration company. It's not even a producing company. It's a royalty company, with insignificant operating costs. Because its revenue is very much tied to gold, Royal Gold snapped back very quickly last fall when gold snapped back. The company recently reported record revenues and some of its juiciest royalties are yet to come online. It's a leveraged bet on gold. If you're bullish on gold, you buy a stock like Royal Gold, stick it in a drawer, and forget about it until the top of the market."
- The Gold Report Interview with Louis James (11/17/09)

Royal Gold listed in Mineweb's World's 100 Hottest Gold Stocks. Read full article.
- Mineweb (11/04/09)

JD: It was the only winner of any note last year in 2008. It was up 60% and I think that 2010 is Royal's year because it has two big mines coming on line. On Goldcorp's Penasquito it gets a 2% royalty that's worth about 78 cents a share in royalty revenues and another big mine. The Andacollo mine, owned Pacific Rim Mining Corporation (TSX:PMU, NYSE/AMEX:PMU), will be coming on line towards the end of next year to add almost $1.00 a share. Stocks have cycles, and sometimes we sell and try to buy them back, but sometimes we just stay with them because we know it's hard to buy some, particularly since Royal's only got 40 million shares outstanding.

TGR: John, I believe you said to your subscribers, if Royal Gold gets below $40, back up the truck.

JD: I did and it did.

TGR: It did, absolutely, and those subscribers who listened to you have got a nice 30% gain because that did happen.
- The Gold Report Interview with John Doody (10/23/09)

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