EVALUATION 1 (listed alphabetically by country)
Property Location OwNership Royalty Rate
Bell Creek Australia Australian Mines A$1.00 to A$2.00/tonne 2
Burnakura Australia Monument Mining 1.5% to 2.5% NSR 3
Buttercup BoreAustralia Horizon Gold 2.0% GV 
Celtic/Wonder North Australia Northern Star 1.5% NSR
Fisher EastAustraliaCannon Resources A$5.00/oz 
Jaguar Nickel Australia Aeris Resources1.5% NSR (gold)
Kundip Australia Medallion Metals 1.0% to 1.5% GV 4
Meekatharra - Sabbath Australia Westgold Resources A$1.00/tonne 5
Mt. Fisher Australia Rox Resources A$5.00/oz 6
Paddington Australia Zijin Mining Group 1.75% NSR
Phillips FindAustralia Barra Resources A$10.00/oz 7 
Pinnacles Australia Nexus/Northern Star 1.5% NSR
Quinns Austin Australia CNN Investments 1.5% NSR
Red Dam Australia Evolution Mining 2.5% GSR (gold); 2.5% NSR (silver)
Red October Australia Matsa Resources 1.5% NSR (gold) 
Temora Australia Sandfire Resources 12.5% NPI
Ulysses Australia Genesis Minerals 1.5% NSR
Van Uden Gold Deposit Australia Wesfarmers Limited/Shandong Tianye 1.5% NSR
Westmoreland Australia Laramide Resources 1.0% NSR
Yundamindra Australia Nex Metals 1.5% NSR
Barraute (Swanson) Canada Monarch Mining Corporation 1.0% or 2.0% NSR 8
Belcourt Canada Anglo American plc 0.103% GV (coal only)
Berg Canada Centerra Gold 1.0% NSR
Bronson Slope Canada Seabridge Gold 1.0% NSR
Caber Canada Glencore 1.0% NSR
Follansbee Canada Evolution Mining/Equinox Gold Corp. 2.0% NSR
Gold River Canada Pan American Silver 1.5% NSR
Great BearCanadaKinross Gold Corporation 2.0% NSR 
High Lake Canada MMG Limited 1.5% NSR
Holt Canada Agnico Eagle 0.00013 x Au price NSR (gold)
Horizon Coal Canada Anglo American 0.50% GV (coal)
Hushamu Canada NorthIsle Copper and Gold 10.0% NPI
LawyersCanadaThesis Gold Inc.0.5% NSR
Schaft Creek Canada Copper Fox/Teck 3.5% NPI
Shasta Canada TDG Gold Corp. 0.5% NSR 
Ulu Canada Blue Star Gold 5.0% NSR 9
Wolverine Canada Yukon Zinc 0.0% to 9.445% NSR 10
Alturas Chile Barrick 1.06% NSR (Au); 1.59% NSR (Cu)
Pascua-Lama Chile Barrick 0.78% to 5.45% NSR(Au) 11, 12; 1.09% NSR(Cu) 13
Kubi Village Ghana Asante Gold 3.0% NPI
Tambor Guatemala Kappes, Cassiday & Associates 4.0% NSR
Nieves Mexico Blackberry Ventures 2.0% NSR
Los Chancas Peru Southern Copper 0.375% NSR
Almaden United States GoldMining Inc. 1.0% to 2.0% NSR 14
Doby GeorgeUnited States Western Exploration 2.0% NSR 15  
Island Mountain United States Tuvera Exploration 2.0% NSR
La Jara Mesa United States Laramide Resources $0.25/lb (uranium) 16
Long Valley United States Kore Mining 1.0% NSR
Niblack United States Blackwolf Copper and Gold Ltd. 1.0% to 3.0% NSR 17
Rock Creek United States Hecla Mining 1.0% NSR
San Juan Silver (Bulldog) United States Hecla Mining 3.0% NSR 18
1.0% NSR 18
Wildcat United States Integra Resources Corp. 1.0% NSR 19
1.0% to 2.0% NSR 20
  1. Royal Gold considers and categorizes an exploration stage property to be an "evaluation stage" property if mineralized material has been identified on the property but reserves have yet to be identified. The U.S. Securities and Exchange Commission does not recognize the term "mineralized material". Investors are cautioned not to assume that any part or all of the mineralized material identified on these properties will ever be converted into reserves.
  2. The royalty is A$1.00 per tonne on the first 5 million tonnes of production; A$2.00 per tonne thereafter.
  3. The 1.5% to 2.5% NSR sliding-scale royalty pays at a rate of 1.5% for the first 75,000 ounces produced in any 12 month period and at a rate of 2.5% on production above 75,000 ounces during that 12 month period.
  4. The royalty rate is 1.0% until 250,000 ounces of gold has been produced, 1.5% thereafter.
  5. Royalty applies on production above 10,000 ounces.
  6. Royalty is capped at 500,000 ounces.
  7. Royalty is 2.5% at grades above 1.5 g/t or 4.0% for grades at 1.5 g/t or less.
  8. Royalty rate is 1.0% on Exploration claims and 2.0% on Gold claims. The 2.0% royalty on Gold claims has a 50% buy back for $1 million.
  9. Royalty applies to production above 675,000 ounces.
  10. Gold royalty rate is based on the price of silver per ounce. NSR sliding-scale schedule (price of silver per ounce - royalty rate): Below $5.00 - 0.0%; $5.00 to $7.00 - 3.778%; above $7.50 - 9.445%.
  11. Royalty applies to all gold production from an area of interest in Chile. Approximately 20% of the royalty is limited to the first 14.0 million ounces of gold produced from the project. Also, 24% of the royalty can be extended beyond 14.0 million ounces produced for $4.4 million. In addition, a one-time payment totaling $8.4 million will be made if gold prices exceed $600 per ounce for any six-month period within the first 36 months of commercial production.
  12. NSR sliding-scale schedule (price of gold per ounce - royalty rate): less than or equal to $325 - 0.78%; $400 - 1.57%; $500 - 2.72%; $600 - 3.56%; $700 - 4.39%; greater or equal to $800 - 5.23%. Royalty is interpolated between lower and upper production endpoints.
  13. Royalty applies to all copper production from an area of interest in Chile.
  14. A $325,000 payment is due upon production of the first 100,000 ounces. Once production reaches 200,000 ounces, the royalty begins paying at the following rate schedule (price of gold per ounce – royalty rate): $0.00 to $425 – 1.0%; $425 and above – 2.0%.
  15. The 2.0% NSR becomes payable once 400,000 ounces have been produced. 
  16. Royalty is payable on per pound of uranium produced above eight million pounds.
  17. Royalty rate is 1.0% for each ton of ore having a value of less than $115 per ton; 2.0% for each ton of ore having a value between $115 and $135 per ton; and 3.0% for each ton of ore having a value greater than $135 per ton.
  18. Royalty rate is 3.0% on Homestake and Emerald unpatented claims; 1.0% on Emerald patented claims.
  19. The 1.0% royalty rate applies to the SS lode claims only.
  20. An additional 1.0% NSR applies to gold production between 500,000 ounces and 1.0 million ounces. The royalty increases to a 2.0% NSR on production in excess of 1.0 million ounces. This royalty applies to various claims on the mining property.