SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 3, 1996
ROYAL GOLD, INC.
(exact name of registrant as specified in its charter)
Delaware 0-5664 84-0835164
(State of (Commission (IRS Employer
incorporation) File Number) Identification
No.)
1660 Wynkoop Street, Suite 1000, Denver, CO 80202-1132
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-573-1660
<PAGE>
Item 5. OTHER EVENTS
On March 29, 1996, Cortez Gold Mines, by its Manager,
Placer Dome U.S. Inc., exercised the entirety of both Class A and
Class B Warrants for the purchase of the shares of common stock
of Royal Gold, Inc. The Class A Warrants permitted Cortez Gold
Mines to purchase 300,000 shares of Royal Gold common stock at
$2.00 per share, and the Class B Warrant permitted Cortez Gold
Mines to purchase 300,000 shares of Royal Gold common stock at
$3.00 per share. Cortez Gold Mines thus purchased a total of
600,000 shares of Royal Gold common stock for a total purchase
price of One Million Five Hundred Thousand Dollars ($1,500,000).
Cortez Gold Mines now holds 1,100,000 shares of Royal
Gold common stock, which is 7.1 percent of the issued and
outstanding shares of common stock of the Company. Cortez Gold
Mines no longer holds any options or warrants to purchase the
common stock of the Company.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
ROYAL GOLD, INC.
(Registrant)
Date: April 3, 1996 By: //s//
Stanley Dempsey
Chairman
