Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 8, 2022, Royal Gold, Inc. (the "Company") entered into amendments to employment agreements ("Amendments") to amend the following employment agreements with its named executive officers:

1. Employment Agreement, dated effective January 2, 2020, between the Company and

William Heissenbuttel, President and Chief Executive Officer of the Company;

2. Employment Agreement, dated effective January 2, 2020, between the Company and

Paul Libner, Chief Financial Officer and Treasurer of the Company;

3. Employment Agreement, dated effective January 2, 2020, between the Company and

Randy Shefman, Vice President and General Counsel of the Company;

Employment Agreement, dated January 2, 2020, between Royal Gold Corporation, a

4. corporation organized under the laws of Canada and a wholly owned subsidiary


    of Royal Gold, and Mark Isto, Executive Vice President and Chief Operating
    Officer of Royal Gold Corporation; and


    Employment Contract, dated January 1, 2019, between RGLD Gold AG, a
    corporation organized under the laws of Switzerland and a wholly owned

5. subsidiary of Royal Gold, and Daniel Breeze, Vice President Corporate

Development of RGLD Gold AG, as amended by the Addendum to the Employment

Contract, dated March 4, 2021, between RGLD Gold AG and Mr. Breeze.

The Amendment clarifies that the annual incentive award received by each executive for the six-month transition period from July 1, 2021, to December 31, 2021, shall be annualized and considered to be a bonus for a "full fiscal year" for all purposes of the executive's employment agreement.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, a form of which is filed as Exhibit 10.1 to this Current Report on Form 8- K and incorporated by reference into this Item 5.02.

Item 9.01Financial Statements and Exhibits

(d) Exhibits



Exhibit
No.                                      Description
 10.1        Form of Amendment to Employment Agreement or Employment Contract, as
           applicable.
  104      Cover Page Interactive Data File (formatted as inline XBRL).


                                       2

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