Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Anderson Karli S.	2. Issuer Name and Ticker or Trading Symbol ROYAL GOLD INC [ RGLD ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) VP Investor Relations
(Last)          (First)          (Middle) 1660 WYNKOOP STREET, SUITE 1000	3. Date of Earliest Transaction (MM/DD/YYYY) 8/23/2017
(Street) DENVER, CO 80202 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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	8/23/2017		M		3265	A	$0	16435   (1)	D
Common Stock	8/23/2017		F		1498   (2)	D	$87.42	14937   (1)	D
Common Stock	8/23/2017		A		2530   (3)	A	$0	17467   (4)	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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
Performance Shares	$0	8/23/2017		M			750	(5)	5/15/2018	Common Stock	750	$0	2250	D
Performance Shares	$0	8/23/2017		M			1282	(5)	8/20/2020	Common Stock	1282	$0	195	D
Performance Shares	$0	8/23/2017		M			1233	(5)	8/16/2021	Common Stock	1233	$0	1067	D
Stock Option (Right to Buy ISOs)	$87.42	8/23/2017		A		1143		(6)	8/23/2027	Common Stock	1143	$87.42	1143	D
Stock Appreciation Right (SARs)	$87.42	8/23/2017		A		5787		(6)	8/23/2027	Common Stock	5787	$87.42	5787	D

Explanation of Responses:
(1)	Includes 9,425 shares of restricted stock that have not vested.
(2)	Represents shares withheld to satisfy taxes; no shares were sold.
(3)	Grant of restricted stock with a 2-year hold and then vesting as to one-third in years 3, 4 and 5.
(4)	Includes 11,955 shares of restricted stock that have not vested.
(5)	A performance award represents a contingent right to receive shares of common stock upon achievement of cetain performance goals.
(6)	One-third vest annually over 3 years beginning on August 23, 2018.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Anderson Karli S. 1660 WYNKOOP STREET, SUITE 1000 DENVER, CO 80202			VP Investor Relations

Signatures
Margaret A Beck as Attorney-in-Fact for Karli Anderson		8/23/2017
** 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, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.