Royal Gold Increases Common Stock Dividend to $1.06 per Share

DENVER–(BUSINESS WIRE)–Royal Gold, Inc. (NASDAQ: RGLD) (“Royal Gold” or the “Company”),
today announced that its Board of Directors increased the Company’s
annual calendar year dividend for its shares of common stock from $1.00
to $1.06 per share, payable on a quarterly basis of $0.265 per share.
Royal Gold has increased its annual dividend every year since 2001.

The dividend is payable on January 18, 2019 to shareholders of record at
the close of business on January 4, 2019.

Tony Jensen, President and CEO, commented, “Payment of a growing and
sustainable dividend is a core strategic objective for Royal Gold, and I
am pleased that Royal Gold’s Board of Directors has voted to increase
our annual dividend for the 18th year in a row. Since 2001,
we have increased our dividend regardless of the gold price and we have
paid approximately $460 million in total dividends to shareholders.”

Royal Gold is a precious metals stream and royalty company engaged in
the acquisition and management of precious metal streams, royalties, and
similar production-based interests. The Company owns interests on 191
properties on six continents, including interests on 40 producing mines
and 18 development stage projects. Royal Gold is publicly traded on the
NASDAQ Global Select Market under the symbol “RGLD.” The Company’s
website is located at www.royalgold.com.

For further information, please contact:

Cautionary “Safe Harbor” Statement Under the Private Securities
Litigation Reform Act of

1995: With the exception of historical matters, the matters
discussed in this press release are forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from projections or estimates contained herein. Such
forward-looking statements include statements concerning payment of
growing and sustainable dividends and annual dividend increases. Please
see the Company’s Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, and other filings with the Securities and Exchange Commission for
a discussion of the Company’s risks and uncertainties. Readers are
cautioned not to put undue reliance on forward-looking statements.

Contacts

Royal Gold
Alistair Baker, 647-749-8204
Director,
Business Development

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