X0202 4 2005-03-10 0 0000085535 ROYAL GOLD INC RGLD 0000941413 DEMPSEY STANLEY 1660 WYNKOOP ST STE 1000 DENVER CO 80202-1132 1 1 0 0 Chairman & CEO Common stock, $.01 par value 2005-03-10 4 M 0 5012 5.375 A 485454 D Common stock, $.01 par value 2005-03-10 4 M 0 21700 4.594 A 507154 D Common stock, $.01 par value 2005-03-10 4 M 0 20500 4.875 A 527654 D Common stock, $.01 par value 2005-03-10 4 M 0 28300 4.594 A 555954 D Common stock, $.01 par value 2005-03-11 4 M 0 38745 5.375 A 594699 D Common stock, $.01 par value 2005-03-11 4 M 0 27000 4.875 A 621699 D Common stock, $.01 par value 2005-03-10 4 S 0 1200 18.84 D 620499 D Common stock, $.01 par value 2005-03-10 4 S 0 700 18.85 D 619799 D Common stock, $.01 par value 2005-03-10 4 S 0 3000 19.01 D 616799 D Common stock, $.01 par value 2005-03-10 4 S 0 1700 19.04 D 615099 D Common stock, $.01 par value 2005-03-10 4 S 0 4447 19.05 D 610652 D Common stock, $.01 par value 2005-03-10 4 S 0 1600 19.07 D 609052 D Common stock, $.01 par value 2005-03-10 4 S 0 153 19.08 D 608899 D Common stock, $.01 par value 2005-03-10 4 S 0 15165 19.1 D 593734 D Common stock, $.01 par value 2005-03-11 4 S 0 5960 18.96 D 593734 D Common stock, $.01 par value 2005-03-11 4 S 0 40 18.99 D 587734 D Common stock, $.01 par value 2005-03-11 4 S 0 16075 19 D 571659 D Common stock, $.01 par value 2005-03-11 4 S 0 100 19.01 D 571559 D Common stock, $.01 par value 2005-03-11 4 S 0 8400 19.02 D 563159 D Common stock, $.01 par value 2005-03-11 4 S 0 100 19.03 D 563059 D Common stock, $.01 par value 2005-03-11 4 S 0 925 19.04 D 562134 D Common stock, $.01 par value 2005-03-11 4 S 0 11400 19.05 D 550734 D Common stock, $.01 par value 2005-03-11 4 S 0 200 19.06 D 550534 D Common stock, $.01 par value 2005-03-11 4 S 0 1944 19.11 D 548590 D Common stock, $.01 par value 2005-03-11 4 S 0 1264 19.13 D 547326 D Common stock, $.01 par value 2005-03-11 4 S 0 9156 19.15 D 538170 D Common stock, $.01 par value 2005-03-11 4 S 0 2880 19.18 D 535290 D Common stock, $.01 par value 2005-03-11 4 S 0 4700 19.2 D 530590 D Common stock, $.01 par value 2005-03-11 4 S 0 300 19.23 D 530290 D Common stock, $.01 par value 2005-03-11 4 S 0 2636 19.25 D 527654 D Employee stock option (right to buy - ISO) 5.375 2005-03-10 4 M 0 5012 5.375 A 1999-05-29 2007-10-03 Common stock 5012 0 D Employee stock option (right to buy-ISO) 4.594 2005-03-10 4 M 0 21700 4.594 A 1999-11-17 2008-11-18 Common stock 21700 0 D Employee stock option (right to buy-ISO) 4.875 2005-03-10 4 M 0 20500 4.875 A 2000-11-16 2009-11-16 Common stock 20500 0 D Employee stock option (right to buy-NSO) 4.594 2005-03-10 4 M 0 13600 4.594 A 1999-11-17 2008-11-17 Common stock 13600 14700 D Employee stock option (right to buy-NSO) 4.594 2005-03-11 4 M 0 14700 4.594 A 1999-11-17 2008-11-17 Common stock 14700 0 D Employee stock option (right to buy-NSO) 5.375 2005-03-11 4 M 0 38745 5.375 A 1999-05-29 2007-10-03 Common stock 38745 0 D Employee stock option (right to buy-NSO) 4.875 2005-03-11 4 M 0 27000 4.875 A 2000-11-16 2009-11-16 Common stock 27000 0 D /s/Stanley Dempsey, kg for 2005-03-14