Royal Gold Announces Reserve Increases and Production Forecasts Associated with its Royalty Interests (RGLD)

Royal Gold, Inc. RGLD today announced updated estimates for ore reserves and mineralized material^2 as of December 31, 2010, and calendar 2011 production for its royalty portfolio. These are the most recent figures provided to the Company by the operators of its royalty properties or have been obtained by Royal Gold through publicly available information. At the end of calendar 2010, precious metals reserves subject to the Company's royalty interests were approximately 83.9 million ounces of gold and 1.4 million ounces of silver. Net of depletion, this reflects a gain of 5.4 million ounces of gold and 53 million ounces of silver, representing a 7.0% increase in gold reserves and a 4.0% increase in silver reserves, over the prior calendar year-end.