Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Isto Mark
 2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2016		 3. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [RGLD]
(Last)
(First)
(Middle)
1660 WYNKOOP STREET, SUITE 1000		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President Operations
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DENVER, CO 80202		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,632 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (ISO-Rights to Buy)   (2) 08/20/2025 Common Stock 1,768 $ 56.54 D  
Stock Options (ISO-Right to Buy)   (3) 01/05/2025 Common Stock 1,518 $ 65.85 D  
Stock Appreciation Rights   (2) 08/20/2025 Common Stock 3,232 $ 56.54 D  
Stock Appreciation Rights   (3) 01/05/2025 Common Stock 655 $ 65.85 D  
Performance Shares   (4) 08/20/2018 Common Stock 5,000 $ 56.54 D  
Performance Shares   (4) 08/20/2020 Common Stock 5,000 $ 56.54 D  
Performance Shares   (4) 01/05/2025 Common Stock 1,875 $ 65.85 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Isto Mark
1660 WYNKOOP STREET
SUITE 1000
DENVER, CO 80202		       Vice President Operations  

Signatures

Margaret A. Beck as Attorney-in-Fact for Mark Isto 07/08/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Includes 6,342 shares of restricted stock that have not yet vested.
(2) One-third vests annually over three years beginning on August 20, 2016.
(3) One-third vests annually over three years beginning on January 5, 2016.
(4) A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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