EXHIBIT 31.2

CERTIFICATION

I, Paul Libner, certify that:

(1) I have reviewed this Annual Report on Form 10-K/A of Royal Gold, Inc.; and

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

February 16, 2024

/s/ PAUL LIBNER

Paul Libner

Chief Financial Officer and Treasurer

(Principal Financial and Accounting Officer)