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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As
filed with the Securities and Exchange Commission on November&nbsp;14, 2008</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-____________</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>REGISTRATION STATEMENT<BR>UNDER<BR>THE SECURITIES ACT OF 1933</B></DIV>


<DIV align="center" style="font-size: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ROYAL GOLD, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>84-0835164</B><BR>
(I.R.S. Employer Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>1660 Wynkoop Street,
Suite&nbsp;1000<BR>
Denver, CO</B><BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>80202</B><BR>
(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ROYAL GOLD, INC. 2004 OMNIBUS LONG-TERM INCENTIVE PLAN</B><BR>
(Full title of the plan)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>Copy to:</I><BR>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Karen Gross<BR>Vice President and Corporate Secretary <BR>
Royal Gold, Inc. <BR>
1660 Wynkoop Street, Suite&nbsp;1000<BR>
Denver, CO&nbsp;80202<BR>
(303)&nbsp;573-1660</B><BR>
(Name, address and telephone number, <BR>
including area code, of agent for service)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Paul Hilton, Esq.<BR>
Hogan &#038; Hartson LLP<BR>
One Tabor Center, Suite&nbsp;1500<BR>
1200 Seventeenth Street<BR>
Denver, Colorado 80202<BR>
(303)&nbsp;899-7300</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD>&nbsp;</TD>
    <TD align="left" valign="top">Large accelerated filer <FONT style="font-family: Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-Accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smaller reporting company&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="34%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>offering price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>aggregate offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered (2)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>per share (3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>price (3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>fee (4)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value $0.01 per
share</DIV><DIV style="margin-left:15px; text-indent:-15px">(&#147;Common Stock&#148;)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">400,000 shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">$30.15</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">$12,060,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">$473.96</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes rights to purchase Series&nbsp;A Junior Participating Preferred Stock which, prior to the
occurrence of certain events, will not be exercisable or evidenced separately from the Common
Stock. As a result, such purchase rights do not carry a separate price or necessitate an
additional registration fee.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), this
registration statement also covers any additional shares of Common Stock, which become
issuable under the Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan by reason of any
stock dividend, stock split, recapitalization or other similar transaction effectuated without
receipt of consideration which results in an increase in the number of outstanding shares of
the Registrant&#146;s Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the amount of the registration fee pursuant
to Rule&nbsp;457(h)(1) and (c)&nbsp;under the Securities Act, based upon the average of the high and low
prices of the Registrant&#146;s Common Stock on November 11, 2008, as quoted on The Nasdaq Global
Select Market.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Calculated pursuant to Section 6(b) of the Securities Act.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">






<!-- link1 "EXPLANATORY NOTE" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;17, 2005, Royal Gold, Inc., a Delaware corporation (the &#147;Registrant&#148;), filed with
the Securities and Exchange Commission (the &#147;Commission&#148;) under the Securities Act a registration
statement on Form S-8, Registration Statement No.&nbsp;333-122877 (the &#147;Prior Registration Statement&#148;),
covering the registration of 900,000 shares of its Common Stock authorized for issuance under the
Registrant&#146;s 2004 Omnibus Long-Term Incentive Plan as then in effect (the &#147;2004 Incentive Plan&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;20, 2008, the Registrant&#146;s Board of Directors approved an amendment to the 2004
Incentive Plan (as so amended, the &#147;Plan&#148;). The amendment, approved by an affirmative vote of the
stockholders of the Registrant on November&nbsp;5, 2008, increased the number of shares of Common Stock
available for issuance under the Plan by 400,000 shares from 900,000 shares to 1,300,000 shares.
Pursuant to General Instruction E to Form S-8, this registration statement incorporates by
reference the contents of the Prior Registration Statement and registers the additional 400,000
shares of Common Stock authorized for issuance under the Plan.
</DIV>


<!-- link1 "PART I" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>

<!-- link1 "INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS</B>
</DIV>

<!-- link2 "Item&nbsp;1. Plan Information.*" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Plan Information.*</B>
</DIV>

<!-- link2 "Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*" -->



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The documents containing the information specified in Part&nbsp;I will be sent or
given to participants in the Plan as specified by Rule&nbsp;428(b)(1) under the Securities
Act. According to the Note to Part&nbsp;I of Form S-8, such documents need not be filed
with the Commission either as part of this registration statement or as prospectuses or
prospectus supplements pursuant to Rule&nbsp;424 under the Securities Act. These documents
and the documents incorporated by reference pursuant to Item&nbsp;3 of Part&nbsp;II of this
registration statement, taken together, constitute the prospectus as required by
Section 10(a) of the Securities Act.</TD>
</TR>

</TABLE>
</DIV>

 <!-- link1 "PART II" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>

 <!-- link1 "INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents and all other documents subsequently filed with the Commission by the
Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), prior to the filing of a post-effective amendment that indicates
that all the shares of Common Stock offered hereby have been sold or that deregisters all such
shares of Common Stock then remaining unsold, are hereby incorporated herein by reference to be a
part of this registration statement from the date of filing of such documents:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The
Registrant&#146;s Annual Report on Form 10-K/A for its fiscal year ended June&nbsp;30, 2008, filed
November&nbsp;6, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2008,
filed November&nbsp;10, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Registrant&#146;s Current Reports on Form 8-K as filed August&nbsp;5, 2008, September&nbsp;2, 2008, September&nbsp;17, 2008, September&nbsp;19, 2008, September&nbsp;25, 2008, October&nbsp;7, 2008,
October&nbsp;31, 2008, November&nbsp;4, 2008, November&nbsp;6, 2008 and November&nbsp;7, 2008 (except for portions of
such reports which were deemed to be furnished and not filed);
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The description of the Registrant&#146;s Common Stock contained in the Registrant&#146;s
Registration Statement on Form S-3/ASR filed November&nbsp;5, 2007, and any amendment or report filed
with the Commission for the purpose of updating such description; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The description of the Registrant&#146;s Preferred Stock Purchase Rights contained in the
Registrant&#146;s Registration Statement on Form 8-A filed on September&nbsp;12, 1997, as amended by the
Registrant&#146;s Registration Statement on Form 8-A/A filed September&nbsp;10, 2007, and any amendment or
report filed with the Commission for the purpose of updating such description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated
by reference shall be deemed to be modified or superseded to the extent that a statement contained
in any other subsequently filed document which also is or is deemed to be incorporated by reference
herein modifies or supersedes such prior statement. Any such statement so modified or superseded
shall not be deemed to constitute a part of this registration statement, except as so modified or
superseded.
</DIV>


<!-- link2 "Item&nbsp;4. Description of Securities." -->


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not Applicable.
</DIV>


<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not Applicable.
</DIV>


<!-- link2 "Item&nbsp;6. Indemnification of Officers and Directors." -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Officers and Directors.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Delaware General Corporation Law</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;145 of the Delaware General Corporation Law (the &#147;Delaware Statute&#148;), a corporation
may indemnify its directors, officers, employees and agents and its former directors, officers,
employees and agents and those who serve, at the corporation&#146;s request, in such capacities with
another enterprise, against expenses (including attorneys&#146; fees), as well as judgments, fines and
settlements in nonderivative lawsuits, actually and reasonably incurred in connection with the
defense of any action, suit or proceeding in which they or any of them were or are made parties or
are threatened to be made parties by reason of their serving or having served in such capacity.
The Delaware Statute provides, however, that such person must have acted in good faith and in a
manner he or she reasonably believed to be in (or not opposed to) the best interests of the
corporation and, in the case of a criminal action, such person must have had no reasonable cause to
believe his or her conduct was unlawful. In addition, the Delaware Statute does not permit
indemnification in an action or suit by or in the right of the corporation, where such person has
been adjudged liable to the corporation, unless, and only to the extent that, a court determines
that such person fairly and reasonably is entitled to indemnity for expenses the court deems proper
in light of liability adjudication. Indemnity is mandatory to the extent a claim, issue or matter
has been successfully defended. Finally, the Delaware Statute provides that a corporation has the
power to purchase and maintain insurance on behalf of any person described above, whether or not
the corporation would have the power to indemnify such person against such liability under the
provisions of the Delaware Statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certificate of Incorporation and Bylaws</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Restated Certificate of Incorporation, as amended (the &#147;Certificate&#148;) and the
Amended and Restated Bylaws, as amended (the &#147;Bylaws&#148;) provide for mandatory indemnification or
similar rights of directors, officers, employees or agents generally to the same extent as is
authorized by the Delaware Statute. Under the Bylaws, the Registrant must advance expenses
incurred by an officer or director in defending any such action if the director or officer
undertakes to repay such amount if it is ultimately determined that he or she is not entitled to
indemnification. The provisions of the Certificate and Bylaws do not preclude the Registrant from
indemnifying other persons from similar or other expenses and liabilities as the Board of Directors
or the stockholders may determine in a specific instance or by resolution of general application.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing description of certain provisions of the Registrant&#146;s Certificate and Bylaws is
qualified in its entirety by the actual Certificate and Bylaws of the Registrant respectively filed
as Exhibit&nbsp;3.1 to the Registrant&#146;s
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>




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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Quarterly Report on Form 10-Q filed on February&nbsp;8, 2008 and as Exhibit&nbsp;3.1 to the Registrant&#146;s
Quarterly Report on Form 10-Q filed on May&nbsp;1, 2008.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification Agreements and Insurance</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has entered into indemnification agreements with certain of its current
officers and directors. The indemnification agreements provide such persons indemnification
against, among other things, any and all expenses, judgments, fines, penalties, and amounts paid in
settlement by the director or officer, provide for the advancement of expenses incurred by the
director or officer in connection with any proceeding and obligate the director or officer to
reimburse the Registrant for all amounts so advanced if it is subsequently determined, as provided
in the indemnification agreements, that the director or officer is not entitled to indemnification.
The indemnification agreements also provide certain methods and presumptions for determining
whether the officer or director is entitled to indemnification, among other matters, as set forth
in such agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing description of the indemnification agreements is qualified in its entirety by the Form of Indemnification Agreement with
Directors and Officers of the Registrant filed as Exhibit&nbsp;10.1 to the Registrant&#146;s Current Report
on Form 8-K on November&nbsp;13, 2006, together with the Schedule of Certain Officers Parties thereto
(filed as Exhibit&nbsp;99.2 to the Company&#146;s Current Report on Form 8-K on September&nbsp;4, 2007).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant also maintains directors&#146; and officers&#146; liability insurance.
</DIV>

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Not applicable.</DIV>


<!-- link2 "Item&nbsp;8. Exhibits." -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan, as
amended (incorporated by reference to Appendix&nbsp;A of Royal Gold,
Inc.&#146;s proxy
statement filed on September&nbsp;23, 2008).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Hogan &#038; Hartson LLP with respect to the legality of
the Common Stock registered hereby.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Hogan &#038; Hartson LLP (contained in its opinion filed
herewith as Exhibit&nbsp;5.1).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers LLP, Independent Registered
Public Accounting Firm, with respect to Royal Gold, Inc.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included on the signature page to this
registration statement).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<!-- link2 "Item&nbsp;9. Undertakings." -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(i)&nbsp;To include any prospectus required by section 10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate,
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">represent a fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
total dollar value securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range may be reflected
in the form of prospectus filed with the Commission pursuant to Rule 424(b) of the
Securities Act if, in the aggregate, the changes in volume and price represent not more than
20% change in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the registrant pursuant to
Section&nbsp;13 or Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a)
or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it
is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

 <!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on November&nbsp;14, 2008.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ROYAL GOLD, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">                /s/ Tony Jensen
&nbsp;<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Tony Jensen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President, Chief Executive Officer and&nbsp;Director</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

 <!-- link1 "POWER OF ATTORNEY" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below constitutes and appoints Bruce C. Kirchhoff and
Karen Gross his true and lawful attorney-in-fact and agent with full power of
substitution and resubstitution, to sign any and all amendments (including post-effective
amendments) and supplements to this registration statement and to file the same with all exhibits
thereto, and any and all instruments or documents in connection therewith, with the Commission, and any such attorney-in-fact may make such changes and additions to this
registration statement as such attorney-in-fact may deem necessary or appropriate, and each of
them, full power and authority to do and perform each and every act and thing requisite and
necessary to be done in connection therewith, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this registration
statement has been signed by the following persons in the capacities and on the date indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->


<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <FONT style="font-variant: SMALL-CAPS">Tony Jensen</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Tony Jensen</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director, President and Chief
Executive Officer <BR>
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">November&nbsp;14,&nbsp;2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Stefan Wenger</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Stefan Wenger</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Chief Financial Officer and
Treasurer <BR>
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">November&nbsp;14,&nbsp;2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Stanley Dempsey</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Stanley Dempsey</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Executive Chairman
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">John W. Goth</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
John W. Goth</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">M. Craig Haase</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
M. Craig Haase</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">William Hayes</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
William Hayes</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">November&nbsp;14, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">S. Oden Howell, Jr.</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
S. Oden Howell, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Merritt E. Marcus</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Merritt E. Marcus</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">James W. Stuckert</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James W. Stuckert</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">November&nbsp;14, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Donald Worth</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Donald Worth</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">November&nbsp;14, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

 <!-- link1 "EXHIBIT INDEX" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan, as
amended (incorporated by reference to Appendix&nbsp;A of Royal Gold,
Inc.&#146;s proxy statement filed on September&nbsp;23, 2008).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Hogan &#038; Hartson LLP with respect to the legality of
the Common Stock registered hereby.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Hogan &#038; Hartson LLP (contained in its opinion filed
herewith as Exhibit&nbsp;5.1).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers LLP, Independent Registered
Public Accounting Firm, with respect to Royal Gold, Inc.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included on the signature page to this
registration statement).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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{"company-data": {"conformed-name": "ROYAL GOLD INC", "cik": "0000085535", "assigned-sic": "6795", "irs-number": "840835164", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-155384", "film-number": "081191729"}, "business-address": {"street1": "1660 WYNKOOP STREET", "street2": "SUITE 1000", "city": "DENVER", "state": "CO", "zip": "80202-1132", "phone": "303-573-1660"}, "mail-address": {"street1": "1660 WYNKOOP STREET", "street2": "SUITE 1000", "city": "DENVER", "state": "CO", "zip": "80202-1132"}, "former-company": [{"former-conformed-name": "ROYAL GOLD INC /DE/", "date-changed": "19920703"}, {"former-conformed-name": "ROYAL RESOURCES CORP", "date-changed": "19870517"}, {"former-conformed-name": "ROYAL RESOURCES EXPLORATION INC", "date-changed": "19810716"}]}
sv8
As
filed with the Securities and Exchange Commission on November 14, 2008
Registration No. 333-____________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
ROYAL GOLD, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
84-0835164
(I.R.S. Employer Identification No.)
1660 Wynkoop Street,
Suite 1000
Denver, CO
(Address of Principal Executive Offices)
80202
(Zip Code)
ROYAL GOLD, INC. 2004 OMNIBUS LONG-TERM INCENTIVE PLAN
(Full title of the plan)
Copy to:
Karen Gross
Vice President and Corporate Secretary
Royal Gold, Inc.
1660 Wynkoop Street, Suite 1000
Denver, CO 80202
(303) 573-1660
(Name, address and telephone number,
including area code, of agent for service)
Paul Hilton, Esq.
Hogan & Hartson LLP
One Tabor Center, Suite 1500
1200 Seventeenth Street
Denver, Colorado 80202
(303) 899-7300
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
þ
Accelerated filer
o
Non-Accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Amount
Proposed maximum
Proposed maximum
Amount of
Title of securities
to be
offering price
aggregate offering
registration
to be registered (1)
Registered (2)
per share (3)
price (3)
fee (4)
Common Stock, par value $0.01 per
share
("Common Stock")
400,000 shares
$30.15
$12,060,000
$473.96
(1)
Includes rights to purchase Series A Junior Participating Preferred Stock which, prior to the
occurrence of certain events, will not be exercisable or evidenced separately from the Common
Stock. As a result, such purchase rights do not carry a separate price or necessitate an
additional registration fee.
(2)
Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this
registration statement also covers any additional shares of Common Stock, which become
issuable under the Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan by reason of any
stock dividend, stock split, recapitalization or other similar transaction effectuated without
receipt of consideration which results in an increase in the number of outstanding shares of
the Registrant's Common Stock.
(3)
Estimated solely for the purpose of determining the amount of the registration fee pursuant
to Rule 457(h)(1) and (c) under the Securities Act, based upon the average of the high and low
prices of the Registrant's Common Stock on November 11, 2008, as quoted on The Nasdaq Global
Select Market.
(4)
Calculated pursuant to Section 6(b) of the Securities Act.
EXPLANATORY NOTE
On February 17, 2005, Royal Gold, Inc., a Delaware corporation (the "Registrant"), filed with
the Securities and Exchange Commission (the "Commission") under the Securities Act a registration
statement on Form S-8, Registration Statement No. 333-122877 (the "Prior Registration Statement"),
covering the registration of 900,000 shares of its Common Stock authorized for issuance under the
Registrant's 2004 Omnibus Long-Term Incentive Plan as then in effect (the "2004 Incentive Plan").
On May 20, 2008, the Registrant's Board of Directors approved an amendment to the 2004
Incentive Plan (as so amended, the "Plan"). The amendment, approved by an affirmative vote of the
stockholders of the Registrant on November 5, 2008, increased the number of shares of Common Stock
available for issuance under the Plan by 400,000 shares from 900,000 shares to 1,300,000 shares.
Pursuant to General Instruction E to Form S-8, this registration statement incorporates by
reference the contents of the Prior Registration Statement and registers the additional 400,000
shares of Common Stock authorized for issuance under the Plan.
PART I
INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
*
The documents containing the information specified in Part I will be sent or
given to participants in the Plan as specified by Rule 428(b)(1) under the Securities
Act. According to the Note to Part I of Form S-8, such documents need not be filed
with the Commission either as part of this registration statement or as prospectuses or
prospectus supplements pursuant to Rule 424 under the Securities Act. These documents
and the documents incorporated by reference pursuant to Item 3 of Part II of this
registration statement, taken together, constitute the prospectus as required by
Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents and all other documents subsequently filed with the Commission by the
Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), prior to the filing of a post-effective amendment that indicates
that all the shares of Common Stock offered hereby have been sold or that deregisters all such
shares of Common Stock then remaining unsold, are hereby incorporated herein by reference to be a
part of this registration statement from the date of filing of such documents:
(a) The
Registrant's Annual Report on Form 10-K/A for its fiscal year ended June 30, 2008, filed
November 6, 2008;
(b) The Registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 2008,
filed November 10, 2008;
(c) The Registrant's Current Reports on Form 8-K as filed August 5, 2008, September 2, 2008, September 17, 2008, September 19, 2008, September 25, 2008, October 7, 2008,
October 31, 2008, November 4, 2008, November 6, 2008 and November 7, 2008 (except for portions of
such reports which were deemed to be furnished and not filed);
2
(d) The description of the Registrant's Common Stock contained in the Registrant's
Registration Statement on Form S-3/ASR filed November 5, 2007, and any amendment or report filed
with the Commission for the purpose of updating such description; and
(e) The description of the Registrant's Preferred Stock Purchase Rights contained in the
Registrant's Registration Statement on Form 8-A filed on September 12, 1997, as amended by the
Registrant's Registration Statement on Form 8-A/A filed September 10, 2007, and any amendment or
report filed with the Commission for the purpose of updating such description.
Any statement contained in a document incorporated or deemed to be incorporated
by reference shall be deemed to be modified or superseded to the extent that a statement contained
in any other subsequently filed document which also is or is deemed to be incorporated by reference
herein modifies or supersedes such prior statement. Any such statement so modified or superseded
shall not be deemed to constitute a part of this registration statement, except as so modified or
superseded.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
Not Applicable.
Item 6. Indemnification of Officers and Directors.
Delaware General Corporation Law
Under Section 145 of the Delaware General Corporation Law (the "Delaware Statute"), a corporation
may indemnify its directors, officers, employees and agents and its former directors, officers,
employees and agents and those who serve, at the corporation's request, in such capacities with
another enterprise, against expenses (including attorneys' fees), as well as judgments, fines and
settlements in nonderivative lawsuits, actually and reasonably incurred in connection with the
defense of any action, suit or proceeding in which they or any of them were or are made parties or
are threatened to be made parties by reason of their serving or having served in such capacity.
The Delaware Statute provides, however, that such person must have acted in good faith and in a
manner he or she reasonably believed to be in (or not opposed to) the best interests of the
corporation and, in the case of a criminal action, such person must have had no reasonable cause to
believe his or her conduct was unlawful. In addition, the Delaware Statute does not permit
indemnification in an action or suit by or in the right of the corporation, where such person has
been adjudged liable to the corporation, unless, and only to the extent that, a court determines
that such person fairly and reasonably is entitled to indemnity for expenses the court deems proper
in light of liability adjudication. Indemnity is mandatory to the extent a claim, issue or matter
has been successfully defended. Finally, the Delaware Statute provides that a corporation has the
power to purchase and maintain insurance on behalf of any person described above, whether or not
the corporation would have the power to indemnify such person against such liability under the
provisions of the Delaware Statute.
Certificate of Incorporation and Bylaws
The Registrant's Restated Certificate of Incorporation, as amended (the "Certificate") and the
Amended and Restated Bylaws, as amended (the "Bylaws") provide for mandatory indemnification or
similar rights of directors, officers, employees or agents generally to the same extent as is
authorized by the Delaware Statute. Under the Bylaws, the Registrant must advance expenses
incurred by an officer or director in defending any such action if the director or officer
undertakes to repay such amount if it is ultimately determined that he or she is not entitled to
indemnification. The provisions of the Certificate and Bylaws do not preclude the Registrant from
indemnifying other persons from similar or other expenses and liabilities as the Board of Directors
or the stockholders may determine in a specific instance or by resolution of general application.
The foregoing description of certain provisions of the Registrant's Certificate and Bylaws is
qualified in its entirety by the actual Certificate and Bylaws of the Registrant respectively filed
as Exhibit 3.1 to the Registrant's
3
Quarterly Report on Form 10-Q filed on February 8, 2008 and as Exhibit 3.1 to the Registrant's
Quarterly Report on Form 10-Q filed on May 1, 2008.
Indemnification Agreements and Insurance
The Registrant has entered into indemnification agreements with certain of its current
officers and directors. The indemnification agreements provide such persons indemnification
against, among other things, any and all expenses, judgments, fines, penalties, and amounts paid in
settlement by the director or officer, provide for the advancement of expenses incurred by the
director or officer in connection with any proceeding and obligate the director or officer to
reimburse the Registrant for all amounts so advanced if it is subsequently determined, as provided
in the indemnification agreements, that the director or officer is not entitled to indemnification.
The indemnification agreements also provide certain methods and presumptions for determining
whether the officer or director is entitled to indemnification, among other matters, as set forth
in such agreement.
The foregoing description of the indemnification agreements is qualified in its entirety by the Form of Indemnification Agreement with
Directors and Officers of the Registrant filed as Exhibit 10.1 to the Registrant's Current Report
on Form 8-K on November 13, 2006, together with the Schedule of Certain Officers Parties thereto
(filed as Exhibit 99.2 to the Company's Current Report on Form 8-K on September 4, 2007).
The Registrant also maintains directors' and officers' liability insurance.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No.
Description of Exhibit
4.1
Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan, as
amended (incorporated by reference to Appendix A of Royal Gold,
Inc.'s proxy
statement filed on September 23, 2008).
5.1
Opinion of Hogan & Hartson LLP with respect to the legality of
the Common Stock registered hereby.
23.1
Consent of Hogan & Hartson LLP (contained in its opinion filed
herewith as Exhibit 5.1).
23.2
Consent of PricewaterhouseCoopers LLP, Independent Registered
Public Accounting Firm, with respect to Royal Gold, Inc.
24.1
Power of Attorney (included on the signature page to this
registration statement).
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate,
4
represent a fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
total dollar value securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering range may be reflected
in the form of prospectus filed with the Commission pursuant to Rule 424(b) of the
Securities Act if, in the aggregate, the changes in volume and price represent not more than
20% change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
The undersigned Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a)
or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it
is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
5
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on November 14, 2008.
ROYAL GOLD, INC.
By:
/s/ Tony Jensen
Name:
Tony Jensen
Title:
President, Chief Executive Officer and Director
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Bruce C. Kirchhoff and
Karen Gross his true and lawful attorney-in-fact and agent with full power of
substitution and resubstitution, to sign any and all amendments (including post-effective
amendments) and supplements to this registration statement and to file the same with all exhibits
thereto, and any and all instruments or documents in connection therewith, with the Commission, and any such attorney-in-fact may make such changes and additions to this
registration statement as such attorney-in-fact may deem necessary or appropriate, and each of
them, full power and authority to do and perform each and every act and thing requisite and
necessary to be done in connection therewith, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act, this registration
statement has been signed by the following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/
Tony Jensen
Tony Jensen
Director, President and Chief
Executive Officer
(Principal Executive Officer)
November 14, 2008
/s/
Stefan Wenger
Stefan Wenger
Chief Financial Officer and
Treasurer
(Principal Financial Officer)
November 14, 2008
/s/
Stanley Dempsey
Stanley Dempsey
Executive Chairman
November 14, 2008
/s/
John W. Goth
John W. Goth
Director
November 14, 2008
/s/
M. Craig Haase
M. Craig Haase
Director
November 14, 2008
/s/
William Hayes
William Hayes
Director
November 14, 2008
6
Signature
Title
Date
/s/
S. Oden Howell, Jr.
S. Oden Howell, Jr.
Director
November 14, 2008
/s/
Merritt E. Marcus
Merritt E. Marcus
Director
November 14, 2008
/s/
James W. Stuckert
James W. Stuckert
Director
November 14, 2008
/s/
Donald Worth
Donald Worth
Director
November 14, 2008
7
EXHIBIT INDEX
Exhibit No.
Description of Exhibit
4.1
Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan, as
amended (incorporated by reference to Appendix A of Royal Gold,
Inc.'s proxy statement filed on September 23, 2008).
5.1
Opinion of Hogan & Hartson LLP with respect to the legality of
the Common Stock registered hereby.
23.1
Consent of Hogan & Hartson LLP (contained in its opinion filed
herewith as Exhibit 5.1).
23.2
Consent of PricewaterhouseCoopers LLP, Independent Registered
Public Accounting Firm, with respect to Royal Gold, Inc.
24.1
Power of Attorney (included on the signature page to this
registration statement).