ROYAL GOLD INC

Ticker: RGLD CUSIP: 780287108 Class: COM

Skylands Capital, LLC's Holding History (CIK: 0001299910)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 50 Value ($000) $2 Avg Close $47.17 Range $42.56 - $53.76

Q3 2013

Shares 50 Value ($000) $2 Avg Close $51.85 Range $40.45 - $67.25

Q2 2013

Shares 50 Value ($000) $2 Avg Close $54.12 Range $38.63 - $71.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	50	$2	$47.17	$42.56 - $53.76
Q3 2013	50	$2	$51.85	$40.45 - $67.25
Q2 2013	50	$2	$54.12	$38.63 - $71.33