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 * WENGER STEFAN   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 _____ Officer (give title below) _____ Other (specify below) CFO and Treasurer (Last) (First) (Middle) 1660 WYNKOOP STREET STE.1000 3. Date of Earliest Transaction (Month/Day/Year) 06/01/2018 (Street) DENVER, CO 80202 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 06/01/2018   M   3,534 A $ 68.18 60,311 D   Common Stock 06/01/2018   F   2,682 (1) D $ 89.87 57,629 D   Common Stock 06/01/2018   M   3,950 A $ 75.32 61,579 D   Common Stock 06/01/2018   F   3,311 (2) D $ 89.87 58,268 D   Common Stock 06/01/2018   M   11,891 A $ 62.14 70,159 D   Common Stock 06/01/2018   F   8,222 (3) D $ 89.87 61,937 D   Common Stock 06/01/2018   M   11,880 A $ 75.72 73,817 D   Common Stock 06/01/2018   F   10,010 (4) D $ 89.87 63,807 D   Common Stock 06/01/2018   M   9,765 A $ 56.54 73,572 D   Common Stock 06/01/2018   F   6,144 (5) D $ 89.87 67,428 D   Common Stock 06/01/2018   M   2,500 A $ 83.29 69,928 D   Common Stock 06/01/2018   F   2,317 (6) D $ 89.87 67,611 D   Common Stock 06/01/2018   S   3,999 D $ 90.16 63,612 D   Common Stock 06/01/2018   S   757 D $ 90.16 62,855 D   Common Stock 06/01/2018   S(7)   1,500 D $ 89.65 61,355 I By Family Trust

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 Appreciation Right

$ 68.18

06/01/2018

M

3,534

(8)

08/18/2021

Common Stock

3,534

$ 0

0

D

Stock Appreciation Right

$ 75.32

06/01/2018

M

3,950

(9)

08/13/2022

Common Stock

3,950

$ 0

0

D

Stock Appreciation Right

$ 62.14

06/01/2018

M

11,891

(10)

08/27/2023

Common Stock

11,891

$ 0

0

D

Stock Appreciation Right

$ 75.72

06/01/2018

M

11,880

(11)

08/26/2024

Common Stock

11,880

$ 0

0

D

Stock Appreciation Right

$ 56.54

06/01/2018

M

9,765

(12)

08/20/2025

Common Stock

9,765

$ 0

0

D

Stock Appreciation Right

$ 83.29

06/01/2018

M

2,500

(13)

08/16/2026

Common Stock

2,500

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WENGER STEFAN 1660 WYNKOOP STREET STE.1000 DENVER, CO 80202			CFO and Treasurer

Signatures

Michelle Perry as attorney in fact for Stefan Wenger		06/04/2018
**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)	Represents the difference between the number of SARs exercised (3,534) and the number of shares issuable as a result of the exercise (852).
(2)	Represents the difference between the number of SARs exercised (3,950) and the number of shares issuable as a result of the exercise (639).
(3)	Represents the difference between the number of SARs exercised (11,891) and the number of shares issuable as a result of the exercise (3,669).
(4)	Represents the difference between the number of SARs exercised (11,880) and the number of shares issuable as a result of the exercise (1,870).
(5)	Represents the difference between the number of SARs exercised (9,765) and the number of shares issuable as a result of the exercise (3,621).
(6)	Represents the difference between the number of SARs exercised (2,500) and the number of shares issuable as a result of the exercise (183).
(7)	The reporting person's sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
(8)	Vest 1/3 / Anni beginning on 18-Aug-2011
(9)	Vest 1/3 / Anni beginning on 13-Aug-2012
(10)	Vest 1/3 / Anni beginning on 27-Aug-2013
(11)	Vest 1/3 / Anni beginning on 26-Aug-2014
(12)	Vest 1/3 / Anni beginning on 20-Aug-2015
(13)	Vest 1/3 / Anni beginning on 16-Aug-2016

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