DENVER — Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, "Royal Gold" or the "Company") today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 70,000 gold equivalent ounces comprised of approximately 57,000 gold ounces, 589,000 silver ounces and 1,100 tonnes of copper related to its streaming agreements during its fiscal 2019 fourth quarter ended June 30, 2019 ("fourth quarter"). The Company had approximately 32,000 gold equivalent ounces in inventory at the end of the fourth quarter consisting of 25,000 gold ounces, 512,000 silver ounces and 400 tonnes of copper.