ROYAL GOLD INC

Ticker: RGLD CUSIP: 780287108 Class: COM

FOUNDERS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001585828)

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

Q4 2014

Shares 2,664 Value ($000) $167 Avg Close $65.59 Range $55.55 - $72.81

Q3 2014

Shares 2,664 Value ($000) $173 Avg Close $74.64 Range $63.86 - $82.84

Q2 2014

Shares 2,664 Value ($000) $203 Avg Close $66.09 Range $58.86 - $76.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	2,664	$167	$65.59	$55.55 - $72.81
Q3 2014	2,664	$173	$74.64	$63.86 - $82.84
Q2 2014	2,664	$203	$66.09	$58.86 - $76.85