Royal Gold, Inc.

Royal Gold, Inc., a leading precious metals royalty company, owns and manages royalties primarily on precious metals mines, with a focus on gold. The Company’s royalty portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations.

A royalty is simply a right to receive a percentage of production from a mine. By investing in a royalty, Royal Gold buys a percentage of the metal produced from a given property in exchange for a front end payment, without assuming any responsibility for the actual mining operation. Thus, the Company does not have to contribute to the operating and capital costs at the mines.

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