FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 194 0		
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subject to Section 16. Form 4 or
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See Instruction 1(b).				
				
(Print or Type Responses)				
1. Name and Address of Reporting Person*
Stuckert, James W.	2. Issuer Name and Tickler or Trading Symbol

 Royal Gold, Inc. - "RGLD"	6. Relationship of Reporting Person(s) to Issuer
                  (Check all applicable)	
		 X	Director	 	10% Owner	
		 	Officer (give title below)	 	Other (specify below)	

(Last)        (First)       (Middle)
PO Box 32760	3. I.R.S. Identification Number of
    Reporting Person, if an entity
    (voluntary)

000-00-0000	4. Statement for Month/Year
 April 2003	7. Individual or Joint/Group Filing (Check Applicable Line)	
		5. If Amendment, Date of
    Original (Month/Year)
	X	Form filed by One Reporting Person	
(Street)
Louisville, KY 40232-2760			 	Form filed by More than One Reporting Person	
(City)          (State)      (Zip)	Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1. Title of Security
    (Instr. 3)	2. Transaction Date

    (Month/Day/Year)	3. Transaction
    Code
    (Instr.8)	4. Securities Acquired (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)	5. Amount of Securities
    Beneficially Owned at
    End of Month

      (Instr. 3 and 4)	6.   Ownership
    Form: Direct
    (D) or
    Indirect (I)
    (Instr. 4)	7.   Nature of
    Indirect
    Beneficial
    Ownership

    (Instr. 4)	
		Code	V	Amount	 (A) or
 (D)	Price				
Common stock, $.01 par value	2/4/03	G	V	10,000	D	 	1,571,055	D	 	
Common stock, $.01 par value	2/4/03	G	V	400	D	 	1,570,655	D	 	
Common stock, $.01 par value	2/4/03	G	V	400	D	 	1,570,255	D	 	
Common stock, $.01 par value	2/4/03	G	V	3,600	D	 	1,566,655	D	 	

 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	

FORM 4 (continued)	Table II ` Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of
    Derivative
    Security
    (Instr. 3)	2. Conversion
    or Exercise
    Price of
    Derivative
    Security	3. Transaction
    Date
(Month/Day/Year)	4. Transaction
    Code
    (Instr.8)	5. Number of
    Derivative
    Securities
    Acquired (A)
    or Disposed
    of (D)
    (Instr. 3, 4
    and 5)	6. Date Exercisable
   and Expiration Date
   (Month/Day/Year)	7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)	8. Price of
    Derivative
    Security
    (Instr. 5)	9. Number of
    Derivative
    Securities
    Beneficially
    Owned at
    End of
    Month
    (Instr. 4)	10. Ownership
      Form of
      Derivative
      Securities
      Beneficially
      Owned at
      End of
      Month
      (Instr. 4)	11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr. 4)	
			Code	V	(A)	(D)	Date
Exercisable	Expiration
Date	Title	Amount or
Number of
Shares					

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 	
Explanation of Responses:	

 	 	/s/ James W. Stuckert, kg for	 	4/21/03	 	
						
 	 	**Signature of Reporting Person	Date	
 	
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.	
 	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, s ee Instruction 6 for procedure.