UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 24, 2007

ROYAL GOLD, INC.	
	
(Exact name of registrant as specified in its charter)	
 	 	 	 	 	
Delaware	 	001-13357	 	84-0835164	
	 		 		
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	
 	 	 	 	 	
1660 Wynkoop Street, Suite 1000, Denver, CO	 	80202-1132	
	 		
(Address of principal executive offices)	 	(Zip Code)	
 	 	 	 	 	
Registrant’s telephone number, including area code 303-573-1660	

	
(Former name or former address, if changed since last report.)	
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 	 	
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 	 	
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 	 	
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

Item 8.01          Other Event
On Wednesday, January 24, 2007, Royal Gold closed its transaction with Minera Kennecott S.A. De C.V. to acquire a 2% net smelter return (“NSR”) royalty on the Peñasquito project in Zacatecas, Mexico.  The transaction was reported under a Form 8-K dated December 28, 2006.
Item 9.01          Financial Statements and Exhibits
(d)      Exhibits
99.1                   Press Release dated January 24, 2007
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 	Royal Gold, Inc.	
 	(Registrant)	

 	By:	/s/Karen Gross	
 	 		
 	Name:	Karen Gross	
 	Title:	Vice President & Corporate Secretary	
Dated: January 29, 2007	 	 	
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Exhibit Index

Exhibit No.	 	Description	
	 		
(d)	 	Exhibits	
 	 	 	
99.1	 	Press Release dated January 24, 2007	
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Exhibit 99.1

FOR IMMEDIATE RELEASE:	FOR FURTHER INFORMATION CONTACT:	
 	 	
 	Karen Gross, Vice President and Corporate Secretary	
 	(303) 573-1660	
ROYAL GOLD CLOSES PEÑASQUITO ROYALTY TRANSACTION
          DENVER, COLORADO.  JANUARY 24, 2007:   ROYAL GOLD, INC . (NASDAQ:RGLD; TSX: RGL) today announced that is has closed its transaction with Minera Kennecott S.A. De C.V. to acquire a 2.0% net smelter return (“NSR”) royalty on the Peñasquito project in Zacatecas, Mexico, as previously announced on December 29, 2006.  The cost of the acquisition was $80 million in cash and 577,434 shares of Royal Gold common stock.  Royal Gold also obtained the right to acquire additional NSR royalties ranging from 1.0% to 2.0% on a number of properties in the region. 
          The Peñasquito project, composed of two main deposits called Peñasco and Chile Colorado, is under development by Goldcorp Inc. (“Goldcorp”).  The Peñasquito project hosts one of the world’s largest silver, gold and zinc reserves, while also containing large lead reserves.   
          Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metal royalty interests.  Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.”  The Company’s web page is located at www.royalgold.com.
 
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