|Exchange:||NASDAQ national market|
|Stock:||Royal Gold, Inc.|
|Royal Gold Inc was incorporated under the laws of the State of Delaware on January 5, 1981. The company, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests. It is engaged in a continual review of opportunities to acquire existing royalties, to create new royalties through the financing of mine development or exploration, or to acquire companies that hold royalties. As of June30, 2013, the Company owned royalties on 36 producing properties, 21 development stage properties and 147 exploration stage properties, of which the Company considers 50 to be evaluation stage projects. The Company uses ‘evaluation stage’ to describe exploration stage properties that contain mineralized material and on which operators are engaged in the search for reserves. On May 23, 2012, the Company entered into and closed a Purchase and Sale Agreement (the ‘Agreement’) with International Minerals Corporation (‘IMC’) and Metallic Ventures (U.S.), Inc., a wholly-owned indirect subsidiary of IMC, pursuant to which the Company acquired a 3.0% NSR royalty interest on all ores and minerals mined or otherwise recovered from the Ruby Hill mine owned and operated by an affiliate of Barrick Gold Corporation (‘Barrick’) in Eureka County, Nevada, for a purchase price of $38 million. The company faces competition from other royalty companies, mine operators, and financial buyers in efforts to acquire existing royalties and with the lenders, investors, and royalty and streaming companies providing financing to operators of mineral properties in its efforts to create new royalties. Its business is subject to the environmental laws and regulations promulgated by federal, state and local governments.|
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