Home › Download › ROYAL GOLD ($84.44 rated Underweight down from Neutral with $53 down from $56 price target) POSITIVE IMPACT OF ADDITIONAL 12.25% INTEREST IN THOMPSON CREEK’S MT. MILLIGAN GOLD STREAM MORE THAN OFFSET BY HIGHER DISCOUNT RATE 8/24/2012

ROYAL GOLD ($84.44 rated Underweight down from Neutral with $53 down from $56 price target) POSITIVE IMPACT OF ADDITIONAL 12.25% INTEREST IN THOMPSON CREEK’S MT. MILLIGAN GOLD STREAM MORE THAN OFFSET BY HIGHER DISCOUNT RATE 8/24/2012

ROYAL GOLD ($84.44 rated Underweight down from Neutral with $53 down from
$56 price target) POSITIVE IMPACT OF ADDITIONAL 12.25% INTEREST IN
THOMPSON CREEK’S MT. MILLIGAN GOLD STREAM MORE THAN
OFFSET BY HIGHER DISCOUNT RATE 8/24/2012