Item 8.01 Other Events

On October 13, 2009, Genesis, Inc. ("Genesis"), a wholly-owned subsidiary of Revett Silver Company and the owner and operator of the Troy mine, located in Lincoln County, Montana, satisfied a production payment obligation to Royal Gold, Inc. (the "Company") in addition to agreeing to restructure the Company's royalty at the Troy mine.

Royal Gold holds a 7.0% gross smelter return ("GSR") production payment royalty that is subject to a $10.5 million payment cap, or cumulative production of 9.9 million ounces of silver and 84.6 million pounds of copper, whichever occurs first. The $10.5 million payment cap was met as of June 30, 2009. Cumulative production under this 7.0% GSR royalty was approximately 4.3 million ounces of silver and 37.8 million pounds of copper. On October 13, 2009, the remaining production payment obligation of approximately $1.5 million was satisfied, and the 7.0% GSR production payment royalty terminated.

Royal Gold also holds an interim GSR royalty that begins at 6.1% on any production in excess of 11.0 million ounces of silver and 94.1 million pounds of copper. This 6.1% GSR royalty steps down to a perpetual 2.0% GSR royalty after cumulative production has exceeded 12.7 million ounces of silver and 108.2 million pounds of copper. On October 13, 2009, the Company and Genesis agreed to restructure these royalties into one perpetual 3.0% GSR royalty commencing on July 1, 2010. Royal Gold paid Genesis $1.5 million in consideration for the restructured royalty. The newly restructured royalty applies to all production from the Troy mine in addition to an expanded area of interest in the vicinity of the mine.

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