Royal Gold Raises Dividend 10% to $0.22 Per Share

DENVER, Nov. 9 /CNW/ -- ROYAL GOLD, INC.
(Nasdaq: RGLD; Toronto: RGL) today announced that its Board of Directors
increased the Company's annual dividend from $0.20 to $0.22, payable on a
quarterly  basis of $0.055 per share of common stock.  The newly declared
dividend is 10% higher than the dividend paid in calendar year 2005.  Royal
Gold has steadily increased its annual dividend since it first issued a $0.05
annual payment for calendar year 2000.
The Board also declared the dividend of $0.055 per share will be payable
on January 20, 2006, to shareholders of record at the close of business on
January 6, 2006.
Stanley Dempsey, Chairman and CEO, said, "We are pleased to be able to pay
out an increased dividend to our shareholders for the 5th year in a row.  This
increase reflects our strong financial position and the Board's confidence in
the future growth of the Company."

Royal Gold is a precious metals royalty company engaging in the
acquisition and management of precious metals royalty interests.  Royal Gold
is publicly traded on the NASDAQ National Market System, under the symbol
"RGLD" and on the Toronto Stock Exchange, under the symbol "RGL."  The
Company's web page is located at www.royalgold.com.