FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * STUCKERT JAMES W   2. Issuer Name and Ticker or Trading Symbol ROYAL GOLD INC [RGLD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1660 WYNKOOP STREET, SUITE 1000 3. Date of Earliest Transaction (Month/Day/Year) 02/28/2008 (Street) DENVER, CO 80202-1132 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (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 Following Reported Transaction(s) (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 02/28/2008   M   5,000 A $ 4.594 1,568,085 (2) D (3)   Common stock 02/28/2008   M   5,000 A $ 4.875 1,573,085 (2) D (3)   Common stock 02/28/2008   M   5,000 A $ 2.813 1,578,085 (2) D (3)   Common stock 02/28/2008   M   5,000 A $ 5.43 1,583,085 (2) D (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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)

3A. Deemed Execution Date, if any (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 Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock option (NSO right to buy)

$ 4.594

02/28/2008

M

5,000

(1)

11/17/2008

Common stock

5,000

$ 4.594

0

D

Stock option (NSO right to buy)

$ 4.875

02/28/2008

M

5,000

(4)

11/16/2009

Common stock

5,000

$ 4.875

0

D

Stock option (NSO right to buy)

$ 2.813

02/28/2008

M

5,000

(5)

11/14/2010

Common stock

5,000

$ 2.813

0

D

Common stock (NSO right to buy)

$ 5.43

02/28/2008

M

5,000

(6)

11/13/2011

Common stock

5,000

$ 5.43

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STUCKERT JAMES W 1660 WYNKOOP STREET SUITE 1000 DENVER, CO 80202-1132	X

Signatures

James W. Stuckert, kg for		03/03/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	50% vested immediately; the remaining 50% vested one year from date of grant or November 17, 1999.
(2)	Includes 1,250 shares of restricted stock that has not yet vested.
(3)	Shares are held in a revocable trust in which Mr. Stuckert is the trustee.
(4)	50% vested immediately; the remaining 50% vested one year from date of grant or NOvember 16,2000.
(5)	50% vested immediately; the remaining 50% vested one year from date of grant or November 14, 2001.
(6)	50% vested immediately, the remaining 50% vested one year from date of grant or November 13, 2002.

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