Royal Gold (RGLD) 10-Q 7 Nov 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'ROYAL GOLD INC	'
Entity Central Index Key	'0000085535	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	64,444,239
Entity Exchangeable, Shares Outstanding	'	667,155
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and equivalents	$637,899	$664,035
Royalty receivables	48,191	50,385
Income tax receivable	24,137	15,158
Prepaid expenses and other current assets	5,173	14,919
Total current assets	715,400	744,497
Royalty and stream interests, net (Note 3)	2,145,929	2,120,268
Available-for-sale securities (Note 4)	10,826	9,695
Other assets	30,338	30,881
Total assets	2,902,493	2,905,341
LIABILITIES	'	'
Accounts payable	2,254	2,838
Dividends payable	13,022	13,009
Foreign withholding taxes payable	7,262	15,518
Other current liabilities	5,509	3,720
Total current liabilities	28,047	35,085
Debt (Note 5)	304,604	302,263
Deferred tax liabilities	171,422	174,267
Uncertain tax positions (Note 8)	21,906	21,166
Other long-term liabilities	1,578	1,924
Total liabilities	527,557	534,705
Commitments and contingencies (Note 11)	'	'
EQUITY	'	'
Preferred stock, $.01 par value, authorized 10,000,000 shares authorized; and 0 shares issued	'	'
Common stock, $.01 par value, 100,000,000 shares authorized; and 64,200,607 and 64,184,036 shares outstanding, respectively	642	642
Exchangeable shares, no par value, 1,806,649 shares issued, less 1,139,494 and 1,139,420 redeemed shares, respectively	29,361	29,365
Additional paid-in capital	2,143,761	2,142,173
Accumulated other comprehensive loss	-3,441	-4,572
Accumulated earnings	183,453	181,279
Total Royal Gold stockholders' equity	2,353,776	2,348,887
Non-controlling interests	21,160	21,749
Total equity	2,374,936	2,370,636
Total liabilities and equity	$2,902,493	$2,905,341

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Consolidated Balance Sheets	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	64,200,607	64,184,036
Exchangeable shares, par value (in dollars per share)	$0	$0
Exchangeable shares, shares issued	1,806,649	1,806,649
Exchangeable shares, shares redeemed	1,139,494	1,139,420

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Operations and Comprehensive Income	'	'
Revenue	$56,487	$77,862
Costs and expenses	'	'
General and administrative	6,566	6,238
Production taxes	1,783	2,478
Depreciation, depletion and amortization	22,400	21,500
Total costs and expenses	30,749	30,216
Operating income	25,738	47,646
Interest and other income	152	110
Interest and other expense	-5,767	-6,001
Income before income taxes	20,123	41,755
Income tax expense	-4,842	-16,461
Net income	15,281	25,294
Net income attributable to non-controlling interests	-86	-523
Net income attributable to Royal Gold common stockholders	15,195	24,771
Net income	15,281	25,294
Adjustments to comprehensive income, net of tax	'	'
Unrealized change in market value of available-for-sale securities	1,131	5,046
Comprehensive income	16,412	30,340
Comprehensive income attributable to non-controlling interests	-86	-523
Comprehensive income attributable to Royal Gold stockholders	$16,326	$29,817
Net income per share available to Royal Gold common stockholders:	'	'
Basic earnings per share (in dollars per share)	$0.23	$0.42
Basic weighted average shares outstanding (in shares)	64,858,354	59,435,867
Diluted earnings per share (in dollars per share)	$0.23	$0.41
Diluted weighted average shares outstanding (in shares)	64,980,599	59,679,807
Cash dividends declared per common share (in dollars per share)	$0.20	$0.15

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income	$15,281	$25,294
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation, depletion and amortization	22,400	21,500
Non-cash employee stock compensation expense	1,613	2,095
Gain on distribution to non-controlling interest	'	-88
Amortization of debt discount	2,340	2,192
Tax expense (benefit) of stock-based compensation exercises	28	-773
Deferred tax (benefit) expense	-2,857	1,746
Changes in assets and liabilities:	'	'
Royalty receivables	2,193	-10,789
Prepaid expenses and other assets	10,297	-249
Accounts payable	-725	53
Foreign withholding taxes payable	-8,256	2
Income taxes (receivable) payable	-9,010	10,309
Other liabilities	2,183	2,250
Net cash provided by operating activities	35,487	53,542
Cash flows from investing activities:	'	'
Acquisition of royalty and stream interests	-48,028	-120,035
Proceeds on sale of inventory - restricted	'	118
Other	-24	-17
Net cash used in investing activities	-48,052	-119,934
Cash flows from financing activities:	'	'
Net proceeds from issuance of common stock	'	1,711
Common stock dividends	-13,010	-8,949
Distribution to non-controlling interests	-533	-562
Tax expense (benefit) of stock-based compensation exercises	-28	773
Net cash used in financing activities	-13,571	-7,027
Net decrease in cash and equivalents	-26,136	-73,419
Cash and equivalents at beginning of period	664,035	375,456
Cash and equivalents at end of period	$637,899	$302,037

OPERATIONS_AND_SUMMARY_OF_SIGN

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2013
OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1.                                      OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Royal Gold, Inc. (“Royal Gold”, the “Company”, “we”, “us”, or “our”), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams, and similar interests.  Royalties are non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any.  A metal stream is a purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement.  We may use the term “royalty interest” in these notes to the consolidated financial statements to refer to royalties, gold, silver or other metal stream interests, and other similar interests.
	Summary of Significant Accounting Policies
	The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements.  In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation of our interim financial statements have been included in this Form 10-Q.  Operating results for the three months ended September 30, 2013, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2014.  These interim unaudited financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013 filed with the Securities and Exchange Commission on August 8, 2013 (“Fiscal 2013 10-K”).

ACQUISITION

ACQUISITION	3 Months Ended
	Sep. 30, 2013
ACQUISITION	'
ACQUISITION	'
	2.                                      ACQUISITION
	El Morro Royalty Acquisition
	In August 2013, Royal Gold, through a wholly-owned Chilean subsidiary, acquired a 70% interest in a 2.0% net smelter return (“NSR”) royalty on certain portions of the El Morro copper gold project in Chile (“El Morro”), from Xstrata Copper Chile S.A., for $35 million.  Goldcorp Inc. holds 70% ownership of the El Morro project and is the operator, with the remaining 30% held by New Gold Inc.
	The acquisition of the El Morro royalty interest has been accounted for as an asset acquisition.  The total purchase price of $35 million, plus direct transaction costs, has been recorded as a development stage royalty interest within Royalty and stream interests, net on our consolidated balance sheets.

ROYALTY_AND_STREAM_INTERESTS_N

ROYALTY AND STREAM INTERESTS, NET	3 Months Ended
	Sep. 30, 2013
ROYALTY AND STREAM INTERESTS, NET	'
ROYALTY AND STREAM INTERESTS, NET	'
	3.                                      ROYALTY AND STREAM INTERESTS, NET
	The following tables summarize the Company’s royalty and stream interests as of September 30, 2013 and June 30, 2013.
	As of September 30, 2013	Cost		Accumulated			Net
	(Amounts in thousands):			Depletion
	Production stage royalty interests:
	Andacollo	$	272,998	$	(48,479	)	$	224,519
	Voisey’s Bay	150,138		(56,285		)	93,853
	Peñasquito	99,172		(13,372		)	85,800
	LasCruces	57,230		(13,065		)	44,165
	Mulatos	48,092		(25,658		)	22,434
	Wolverine	45,158		(9,079		)	36,079
	Dolores	44,878		(8,883		)	35,995
	Canadian Malartic	38,800		(7,190		)	31,610
	Holt	34,612		(7,681		)	26,931
	Gwalia Deeps	31,070		(7,967		)	23,103
	Inata	24,871		(10,036		)	14,835
	Ruby Hill	24,335		(5,826		)	18,509
	Leeville	18,322		(15,586		)	2,736
	Robinson	17,825		(11,403		)	6,422
	Cortez	10,630		(9,718		)	912
	Other	190,702		(123,578		)	67,124
		1,108,833		(373,806		)	735,027
	Development stage royalty interests:
	Pascua-Lama	372,105		—			372,105
	El Morro	35,074		—			35,074
	Other	32,935		—			32,935
	Development stage stream interests:
	Mt. Milligan	783,046		—			783,046
	Other	10,418		—			10,418
	Development stage royalty and stream interests	1,233,578		—			1,233,578
	Exploration stage royalty interests	177,324		—			177,324
	Total royalty and stream interests	$	2,519,735	$	(373,806	)	$	2,145,929
	As of June 30, 2013	Cost		Accumulated			Net
	(Amounts in thousands):			Depletion
	Production stage royalty interests:
	Andacollo	$	272,998	$	(44,317	)	$	228,681
	Voisey’s Bay	150,138		(51,881		)	98,257
	Peñasquito	99,172		(12,393		)	86,779
	Las Cruces	57,230		(11,713		)	45,517
	Mulatos	48,092		(24,545		)	23,547
	Wolverine	45,158		(7,891		)	37,267
	Dolores	44,878		(8,186		)	36,692
	Canadian Malartic	38,800		(6,320		)	32,480
	Holt	34,612		(6,564		)	28,048
	Gwalia Deeps	31,070		(7,194		)	23,876
	Inata	24,871		(9,303		)	15,568
	Ruby Hill	24,335		(3,054		)	21,281
	Leeville	18,322		(15,484		)	2,838
	Robinson	17,825		(11,224		)	6,601
	Cortez	10,630		(9,716		)	914
	Other	190,702		(121,654		)	69,048
		1,108,833		(351,439		)	757,394
	Development stage royalty interests:
	Pascua-Lama	372,105		—			372,105
	Other	32,934		—			32,934
	Development stage stream interests:
	Mt. Milligan	770,093		—			770,093
	Other	10,418		—			10,418
	Development stage royalty and stream interests	1,185,550		—			1,185,550
	Exploration stage royalty interests	177,324		—			177,324
	Total royalty and stream interests	$	2,471,707	$	(351,439	)	$	2,120,268

AVAILABLEFORSALE_SECURITIES

AVAILABLE-FOR-SALE SECURITIES	3 Months Ended
	Sep. 30, 2013
AVAILABLE-FOR-SALE SECURITIES.	'
AVAILABLE-FOR-SALE SECURITIES	'
	4.                                      AVAILABLE-FOR-SALE SECURITIES
	The Company’s available-for-sale securities as of September 30, 2013 and June 30, 2013 consist of the following:
		As of September 30, 2013
				(Amounts in thousands)
				Unrealized
		Cost Basis		Gain		Loss			Fair Value
	Non-current:
	Seabridge	$	14,064	—		(3,315		)	$	10,749
	Other	203		—		(126		)	77
		$	14,267	$	—	$	(3,441	)	$	10,826
		As of June 30, 2013
				(Amounts in thousands)
				Unrealized
		Cost Basis		Gain		Loss			Fair Value
	Non-current:
	Seabridge	$	14,064	—		(4,509		)	$	9,555
	Other	203		—		(63		)	140
		$	14,267	$	—	$	(4,572	)	$	9,695
	The most significant available-for-sale security is the investment in Seabridge Gold, Inc. (“Seabridge”) common stock, acquired in June 2011 and discussed in greater detail in our Fiscal 2013 10-K.  The Company’s policy for determining whether declines in fair value of available-for-sale securities are other than temporary includes a quarterly analysis of the investments and a review by management of all investments for which the cost exceeds the fair value.  Any temporary declines in fair value are recorded as a charge to other comprehensive income.  If such impairment is determined by the Company to be other than temporary, the investment’s cost basis is written down to fair value and recorded in net income during the period the Company determines such impairment to be other than temporary.  Based on the Company’s quarterly analysis of its investments and our ability and intent to hold these investments for a reasonable period of time, there were no write downs on our available-for-sale securities during the three months ended September 30, 2013.  The Company recognized a loss on available-for-sale securities of $12.1 million during the third quarter of our fiscal year ended June 30, 2013.  The Company will continue to evaluate its investment in Seabridge common stock considering additional facts and circumstances as they arise, including, but not limited to, the progress of development of Seabridge’s KSM project.

DEBT

DEBT	3 Months Ended
	Sep. 30, 2013
DEBT	'
DEBT	'
	5.                                      DEBT
	The Company’s non-current debt as of September 30, 2013 and June 30, 2013 consists of the following:
		As of		As of
		September 30, 2013		June 30, 2013
		Non-current		Non-current
		(Amounts in thousands)
	Convertible notes due 2019, net	$	304,604	$	302,263
	Total debt	$	304,604	$	302,263
	Convertible Senior Notes Due 2019
	In June 2012, the Company completed an offering of $370 million aggregate principal amount of 2.875% convertible senior notes due 2019 (“2019 Notes”).  The 2019 Notes bear interest at the rate of 2.875% per annum, and the Company is required to make semi-annual interest payments on the outstanding principal balance of the 2019 Notes on June 15 and December 15 of each year. The 2019 Notes mature on June 15, 2019.  Interest expense recognized on the 2019 Notes for the three months ended September 30, 2013 and 2012, was $5.3 million and $5.1 million, respectively, and included the contractual coupon interest, the accretion of the debt discount and amortization of the debt issuance costs.
	Revolving credit facility
	The Company maintains a $350 million revolving credit facility.  As of September 30, 2013, the Company had no amounts outstanding under the revolving credit facility.  As discussed in the Company’s Fiscal 2013 10-K, the Company has financial covenants associated with its revolving credit facility.  At September 30, 2013, the Company was in compliance with each financial covenant.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Sep. 30, 2013
STOCK-BASED COMPENSATION	'
STOCK-BASED COMPENSATION	'
	6.                                      STOCK-BASED COMPENSATION
	The Company recognized stock-based compensation expense as follows:
		For The Three Months Ended
		September 30,			September 30,
		2013			2012
		(Amounts in thousands)
	Stock options	$	129		$	127
	Stock appreciation rights	306			392
	Restricted stock	1,267			1,130
	Performance stock	(89		)	446
	Total stock-based compensation expense	$	1,613		$	2,095
	Stock-based compensation expense is included within general and administrative in the consolidated statements of operations and comprehensive income.
	There were 24,775 and 17,925 stock options granted during the three months ended September 30, 2013 and 2012, respectively.  As of September 30, 2013, there was $1.0 million of unrecognized compensation expense related to non-vested stock options, which is expected to be recognized over a weighted-average period of 2.3 years.
	There were 84,125 and 54,400 stock-settled stock appreciation rights (“SSARs”) granted during the three months ended September 30, 2013 and 2012, respectively.  As of September 30, 2013, there was $2.6 million of unrecognized compensation expense related to non-vested SSARs, which is expected to be recognized over a weighted-average period of 2.4 years.
	There were 66,150 and 40,850 shares of restricted stock granted during the three months ended September 30, 2013 and 2012, respectively.  As of September 30, 2013, there was $7.6 million of unrecognized compensation expense related to non-vested restricted stock, which is expected to be recognized over a weighted-average vesting period of 3.6 years.
	There were 71,700 and 45,600 shares of performance stock granted during the three months ended September 30, 2013 and 2012, respectively.  As of September 30, 2013, there was $4.0 million of unrecognized compensation expense related to non-vested performance stock, which is expected to be recognized over a weighted-average vesting period of 2.0 years.

EARNINGS_PER_SHARE_EPS

EARNINGS PER SHARE ("EPS")	3 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE ("EPS")	'
EARNINGS PER SHARE ("EPS")	'
	7.                                      EARNINGS PER SHARE (“EPS”)
	Basic earnings per common share were computed using the weighted average number of shares of common stock outstanding during the period, considering the effect of participating securities.  Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method.  The Company’s unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared.  The Company’s unexercised stock options, unexercised SSARs and unvested performance stock do not contain rights to dividends.  Under the two-class method, the earnings used to determine basic earnings per common share are reduced by an amount allocated to participating securities.  Use of the two-class method has an immaterial impact on the calculation of basic and diluted earnings per common share.
	The following tables summarize the effects of dilutive securities on diluted EPS for the period:
		For The Three Months Ended
		September 30,		September 30,
		2013		2012
		(in thousands, except per share data)
	Net income available to Royal Gold common stockholders	$	15,195	$	24,771
	Weighted-average shares for basic EPS	64,858,354		59,435,867
	Effect of other dilutive securities	122,245		243,940
	Weighted-average shares for diluted EPS	64,980,599		59,679,807
	Basic earnings per share	$	0.23	$	0.42
	Diluted earnings per share	$	0.23	$	0.41
	The calculation of weighted average shares includes all of our outstanding stock: common stock and exchangeable shares.  Exchangeable shares are the equivalent of common shares in that they have the same dividend rights and share equitably in undistributed earnings and are exchangeable on a one-for-one basis for shares of our common stock.  The Company intends to settle the principal amount of the 2019 Notes in cash.  As a result, there will be no impact to diluted earnings per share unless the share price of the Company’s common stock exceeds the conversion price of $105.31.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2013
INCOME TAXES	'
INCOME TAXES	'
	8.             INCOME TAXES
		For The Three Months Ended
		September 30,			September 30,
		2013			2012
		(Amounts in thousands, except rate)
	Income tax expense	$	4,842		$	16,461
	Effective tax rate	24.1		%	39.4		%
	The decrease in the effective tax rate for September 30, 2013 is primarily related to (i) a favorable tax rate associated with certain operations in lower-tax jurisdictions, (ii) a decrease in current year tax expense from a reduction of the accrual for uncertain tax positions, (iii) additional benefit from excess depletion, and (iv) a decrease in tax expense recognized in certain foreign subsidiaries without a foreign tax credit benefit.
	During the quarter, and as a result of continued review of the June 30, 2012 tax return and financial statement impacts of the return results, we recorded a $1.7 million income tax benefit resulting from an identified error. In accordance with applicable U.S. GAAP, management quantitatively and qualitatively evaluated the materiality of the error and determined the error to be immaterial to our Fiscal 2012 consolidated financial statements.
	During fiscal 2014, the Company intends to assert the indefinite reinvestment of certain foreign subsidiary earnings. As a result, the Company will not provide for U.S. income taxes applicable to the specific undistributed earnings.  The Company has the ability to indefinitely reinvest these foreign earnings based on revenue and cash projections of our other investments, current cash on hand, and availability under our revolving credit facility.
	The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. Federal, state and local, and non-U.S. income tax examinations by tax authorities for fiscal years before 2009.
	As of September 30, 2013 and June 30, 2013, the Company had $21.9 million and $21.2 million of total gross unrecognized tax benefits, respectively.  The increase in gross unrecognized tax benefits was primarily related to tax positions of International Royalty Corporation entities taken prior to or upon the acquisition by the Company during fiscal year 2010.  If recognized, these unrecognized tax benefits would positively impact the Company’s effective income tax rate.
	The Company’s continuing practice is to recognize potential interest and/or penalties related to unrecognized tax benefits as part of its income tax expense. At September 30, 2013 and June 30, 2013, the amount of accrued income-tax-related interest and penalties was $4.8 million and $4.3 million, respectively.
	As a result of (i) statutes of limitations that will begin to expire in the next 12 months in various jurisdictions, (ii) possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, and (iii) an additional accrual of exposure and interest on existing items, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease between $5 million and $5.5 million in the next 12 months.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Sep. 30, 2013
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	9.             SEGMENT INFORMATION
	The Company manages its business under a single operating segment, consisting of the acquisition and management of royalty and stream interests.  Royal Gold’s royalty revenue and long-lived assets (royalty and stream interests, net) are geographically distributed as shown in the following table.
		Revenue				Royalty and Stream Interests, net
		Three Months Ended
		September 30,				As of		As of
		2013		2012		September 30, 2013		June 30, 2013
	Chile	31	%	26	%	31	%	30	%
	Canada	26	%	23	%	52	%	52	%
	Mexico	18	%	22	%	7	%	7	%
	United States	13	%	17	%	4	%	4	%
	Australia	4	%	3	%	3	%	3	%
	Africa	3	%	3	%	1	%	1	%
	Other	5	%	6	%	2	%	3	%

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	10.          FAIR VALUE MEASUREMENTS
	FASB Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures (“ASC 820”) establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).  The three levels of the fair value hierarchy under ASC 820 are described below:
	Level 1:     Quoted prices for identical instruments in active markets;
	Level 2:     Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and
	Level 3:     Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
	The following table sets forth the Company’s financial assets measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy.
		At September 30, 2013
		Carrying		Fair Value
		Amount		Total		Level 1		Level 2		Level 3
	Assets (In thousands):
	United States treasury bills(1)	$	539,991	$	539,991	$	539,991	$	—	$	—
	Marketable equity securities(2)	$	10,826	$	10,826	$	10,826	$	—	$	—
	Total assets			$	550,817	$	550,817	$	—	$	—
	Liabilities (In thousands):
	Debt(3)	$	370,000	$	356,203	$	356,203	$	—	$	—
	Total liabilities			$	356,203	$	356,203	$	—	$	—
	(1)  Included in Cash and equivalents in the Company’s consolidated balance sheets.
	(2)  Included in Available for sale securities in the Company’s consolidated balance sheets.
	(3)  Included in the carrying amount is the equity component of our 2019 Notes in the amount of $77 million, which is included within Additional paid-in capital in the Company’s consolidated balance sheets.
	The Company invests primarily in United States treasury bills with maturities of 90 days or less, which are classified within Level 1 of the fair value hierarchy.  The Company’s marketable equity securities classified within Level 1 of the fair value hierarchy are valued using quoted market prices in active markets.  The fair value of the Level 1 marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company. The Company’s debt classified within Level 1 of the fair value hierarchy is valued using quoted prices in an active market.
	As of September 30, 2013, the Company also had assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis like those associated with royalty and stream interests, intangible assets and other long-lived assets.  For these assets, measurement at fair value in periods subsequent to their initial recognition is applicable if any of these assets are determined to be impaired.  None of these assets were written down to fair value during the three months ended September 30, 2013.  If recognition of these assets at their fair value becomes necessary, such measurements will be determined utilizing Level 3 inputs.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES.	'
COMMITMENTS AND CONTINGENCIES	'
	11.          COMMITMENTS AND CONTINGENCIES
	Mt. Milligan Gold Stream Acquisition
	The Company’s final commitment payment of $12.9 million to Thompson Creek as part of the Mt. Milligan gold stream acquisition was made in September 2013.  As of September 30, 2013, the Company has no remaining commitment payments to Thompson Creek as part of the Mt. Milligan gold stream.
	Tulsequah Chief Gold and Silver Stream Acquisition
	As of September 30, 2013, the Company has a remaining commitment of $50 million as part of its Tulsequah Chief gold and silver stream acquisition in December 2011.
	Voisey’s Bay
	The Company owns a royalty on the Voisey’s Bay mine in Newfoundland and Labrador owned by Vale Newfoundland & Labrador Limited (“VNL”).  The royalty is owned by the Labrador Nickel Royalty Limited Partnership (“LNRLP”), in which the Company’s wholly-owned indirect subsidiary, Canadian Minerals Partnership, is the general partner and 89.99% owner.  The remaining interests in LNRLP are owned by Altius Investments Ltd. (10%), a company unrelated to Royal Gold, and the Company’s wholly-owned indirect subsidiary, Voisey’s Bay Holding Corporation (0.01%).
	On October 16, 2009, LNRLP filed a claim in the Supreme Court of Newfoundland and Labrador Trial Division against Vale Inco Limited, now known as Vale Canada Limited (“Vale Canada”) and its wholly-owned subsidiaries, Vale Inco Atlantic Sales Limited and VNL, related to the calculation of the NSR on the sale of concentrates, including nickel concentrates, from the Voisey’s Bay mine to Vale Canada.  The claim asserts that Vale Canada is incorrectly calculating the NSR and requests an order in respect of the correct calculation of future payments.  The claim also requests specific damages for underpayment of past royalties to the date of the claim in an amount not less than $29 million, together with additional damages until the date of trial, interest, costs and other damages.  The litigation is in the discovery phase.

RELATED_PARTY

RELATED PARTY	3 Months Ended
	Sep. 30, 2013
RELATED PARTY	'
RELATED PARTY	'
	12.          RELATED PARTY
	Crescent Valley Partners, L.P. (“CVP”) was formed as a limited partnership in April 1992.  It owns a 1.25% net value royalty on production of minerals from a portion of Cortez.  Denver Mining Finance Company, our wholly-owned subsidiary, is the general partner.  Royal Gold holds an aggregate 31.67% limited partner interest.  Our Chairman of the Board of Directors, the Chairman of our Audit Committee and one other member of our board of directors hold an aggregate 35.56% limited partner interest.  The general partner performs administrative services for CVP in receiving and processing the royalty payments from the operator, including the disbursement of royalty payments and record keeping for in-kind distributions to the limited partners.
	CVP receives its royalty from the Cortez Joint Venture in-kind.  The Company, as well as certain other limited partners, sell their pro-rata shares of such gold immediately and receive distributions in cash, while CVP holds gold for certain other limited partners.  Such gold inventories, which totaled 9,840 and 9,742 ounces of gold as of September 30, 2013 and  June 30, 2013, respectively, are held by a third party refinery in Utah for the account of the limited partners of CVP.  The inventories are carried at historical cost and are classified within Other assets on the Company’s consolidated balance sheets.  The carrying value of the gold in inventory was approximately $6.3 million and $6.1 million as of September 30, 2013 and June 30, 2013, respectively, while the fair value of such ounces was approximately $13.1 million and $11.6 million as of September 30, 2013 and June 30, 2013, respectively.  None of the gold currently held in inventory as of September 30, 2013 and June 30, 2013, is attributed to Royal Gold, as the gold allocated to Royal Gold’s CVP partnership interest is typically sold within five days of receipt.

ROYALTY_AND_STREAM_INTERESTS_N1

ROYALTY AND STREAM INTERESTS, NET (Tables)	3 Months Ended
	Sep. 30, 2013
ROYALTY AND STREAM INTERESTS, NET	'
Schedule of royalty and stream interests	'
	As of September 30, 2013	Cost		Accumulated			Net
	(Amounts in thousands):			Depletion
	Production stage royalty interests:
	Andacollo	$	272,998	$	(48,479	)	$	224,519
	Voisey’s Bay	150,138		(56,285		)	93,853
	Peñasquito	99,172		(13,372		)	85,800
	LasCruces	57,230		(13,065		)	44,165
	Mulatos	48,092		(25,658		)	22,434
	Wolverine	45,158		(9,079		)	36,079
	Dolores	44,878		(8,883		)	35,995
	Canadian Malartic	38,800		(7,190		)	31,610
	Holt	34,612		(7,681		)	26,931
	Gwalia Deeps	31,070		(7,967		)	23,103
	Inata	24,871		(10,036		)	14,835
	Ruby Hill	24,335		(5,826		)	18,509
	Leeville	18,322		(15,586		)	2,736
	Robinson	17,825		(11,403		)	6,422
	Cortez	10,630		(9,718		)	912
	Other	190,702		(123,578		)	67,124
		1,108,833		(373,806		)	735,027
	Development stage royalty interests:
	Pascua-Lama	372,105		—			372,105
	El Morro	35,074		—			35,074
	Other	32,935		—			32,935
	Development stage stream interests:
	Mt. Milligan	783,046		—			783,046
	Other	10,418		—			10,418
	Development stage royalty and stream interests	1,233,578		—			1,233,578
	Exploration stage royalty interests	177,324		—			177,324
	Total royalty and stream interests	$	2,519,735	$	(373,806	)	$	2,145,929
	As of June 30, 2013	Cost		Accumulated			Net
	(Amounts in thousands):			Depletion
	Production stage royalty interests:
	Andacollo	$	272,998	$	(44,317	)	$	228,681
	Voisey’s Bay	150,138		(51,881		)	98,257
	Peñasquito	99,172		(12,393		)	86,779
	Las Cruces	57,230		(11,713		)	45,517
	Mulatos	48,092		(24,545		)	23,547
	Wolverine	45,158		(7,891		)	37,267
	Dolores	44,878		(8,186		)	36,692
	Canadian Malartic	38,800		(6,320		)	32,480
	Holt	34,612		(6,564		)	28,048
	Gwalia Deeps	31,070		(7,194		)	23,876
	Inata	24,871		(9,303		)	15,568
	Ruby Hill	24,335		(3,054		)	21,281
	Leeville	18,322		(15,484		)	2,838
	Robinson	17,825		(11,224		)	6,601
	Cortez	10,630		(9,716		)	914
	Other	190,702		(121,654		)	69,048
		1,108,833		(351,439		)	757,394
	Development stage royalty interests:
	Pascua-Lama	372,105		—			372,105
	Other	32,934		—			32,934
	Development stage stream interests:
	Mt. Milligan	770,093		—			770,093
	Other	10,418		—			10,418
	Development stage royalty and stream interests	1,185,550		—			1,185,550
	Exploration stage royalty interests	177,324		—			177,324
	Total royalty and stream interests	$	2,471,707	$	(351,439	)	$	2,120,268

AVAILABLEFORSALE_SECURITIES_Ta

AVAILABLE-FOR-SALE SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2013
AVAILABLE-FOR-SALE SECURITIES.	'
Schedule of available-for-sale securities	'
		As of September 30, 2013
				(Amounts in thousands)
				Unrealized
		Cost Basis		Gain		Loss			Fair Value
	Non-current:
	Seabridge	$	14,064	—		(3,315		)	$	10,749
	Other	203		—		(126		)	77
		$	14,267	$	—	$	(3,441	)	$	10,826
		As of June 30, 2013
				(Amounts in thousands)
				Unrealized
		Cost Basis		Gain		Loss			Fair Value
	Non-current:
	Seabridge	$	14,064	—		(4,509		)	$	9,555
	Other	203		—		(63		)	140
		$	14,267	$	—	$	(4,572	)	$	9,695

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Sep. 30, 2013
DEBT	'
Schedule of the Company's non-current debt	'
		As of		As of
		September 30, 2013		June 30, 2013
		Non-current		Non-current
		(Amounts in thousands)
	Convertible notes due 2019, net	$	304,604	$	302,263
	Total debt	$	304,604	$	302,263

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Sep. 30, 2013
STOCK-BASED COMPENSATION	'
Schedule of stock-based compensation expenses	'
		For The Three Months Ended
		September 30,			September 30,
		2013			2012
		(Amounts in thousands)
	Stock options	$	129		$	127
	Stock appreciation rights	306			392
	Restricted stock	1,267			1,130
	Performance stock	(89		)	446
	Total stock-based compensation expense	$	1,613		$	2,095

EARNINGS_PER_SHARE_EPS_Tables

EARNINGS PER SHARE ("EPS") (Tables)	3 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE ("EPS")	'
Summary of the effects of dilutive securities on diluted EPS	'
		For The Three Months Ended
		September 30,		September 30,
		2013		2012
		(in thousands, except per share data)
	Net income available to Royal Gold common stockholders	$	15,195	$	24,771
	Weighted-average shares for basic EPS	64,858,354		59,435,867
	Effect of other dilutive securities	122,245		243,940
	Weighted-average shares for diluted EPS	64,980,599		59,679,807
	Basic earnings per share	$	0.23	$	0.42
	Diluted earnings per share	$	0.23	$	0.41

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2013
INCOME TAXES	'
Schedule of income tax expense and effective tax rate	'
		For The Three Months Ended
		September 30,			September 30,
		2013			2012
		(Amounts in thousands, except rate)
	Income tax expense	$	4,842		$	16,461
	Effective tax rate	24.1		%	39.4		%

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2013
SEGMENT INFORMATION	'
Geographic distribution of royalty revenue and long-lived assets (royalty and stream interests, net)	'
		Revenue				Royalty and Stream Interests, net
		Three Months Ended
		September 30,				As of		As of
		2013		2012		September 30, 2013		June 30, 2013
	Chile	31	%	26	%	31	%	30	%
	Canada	26	%	23	%	52	%	52	%
	Mexico	18	%	22	%	7	%	7	%
	United States	13	%	17	%	4	%	4	%
	Australia	4	%	3	%	3	%	3	%
	Africa	3	%	3	%	1	%	1	%
	Other	5	%	6	%	2	%	3	%

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS	'
Schedule of financial assets measured at fair value on recurring basis	'
		At September 30, 2013
		Carrying		Fair Value
		Amount		Total		Level 1		Level 2		Level 3
	Assets (In thousands):
	United States treasury bills(1)	$	539,991	$	539,991	$	539,991	$	—	$	—
	Marketable equity securities(2)	$	10,826	$	10,826	$	10,826	$	—	$	—
	Total assets			$	550,817	$	550,817	$	—	$	—
	Liabilities (In thousands):
	Debt(3)	$	370,000	$	356,203	$	356,203	$	—	$	—
	Total liabilities			$	356,203	$	356,203	$	—	$	—
	(1)  Included in Cash and equivalents in the Company’s consolidated balance sheets.
	(2)  Included in Available for sale securities in the Company’s consolidated balance sheets.
	(3)  Included in the carrying amount is the equity component of our 2019 Notes in the amount of $77 million, which is included within Additional paid-in capital in the Company’s consolidated balance sheets.

OPERATIONS_AND_SUMMARY_OF_SIGN1

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Sep. 30, 2013
	item
OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Minimum number of metals produced from a mine of which right to purchase all or a portion available in exchange for upfront deposit	1

ACQUISITION_Details

ACQUISITION (Details) (El Morro, USD $)	Aug. 31, 2013
In Millions, unless otherwise specified
Goldcorp Inc.	'
Acquisition of Royalty Interest in Mineral Properties	'
Percentage of Royalty Interests in Mineral Property	70.00%
Chilean subsidiary	'
Acquisition of Royalty Interest in Mineral Properties	'
Percentage of royalty interests acquired	70.00%
Percentage of Royalty Interests in Mineral Property	2.00%
Total purchase amount	35
New Gold Inc.	'
Acquisition of Royalty Interest in Mineral Properties	'
Percentage of Royalty Interests in Mineral Property	30.00%

ROYALTY_AND_STREAM_INTERESTS_N2

ROYALTY AND STREAM INTERESTS, NET (Details) (USD $)	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Royalty and stream interests	'	'
Cost	$2,519,735	$2,471,707
Accumulated Depletion	-373,806	-351,439
Net	2,145,929	2,120,268
Production stage royalty interests	'	'
Royalty and stream interests	'	'
Cost	1,108,833	1,108,833
Accumulated Depletion	-373,806	-351,439
Net	735,027	757,394
Production stage royalty interests | Andacollo	'	'
Royalty and stream interests	'	'
Cost	272,998	272,998
Accumulated Depletion	-48,479	-44,317
Net	224,519	228,681
Production stage royalty interests | Voisey's Bay	'	'
Royalty and stream interests	'	'
Cost	150,138	150,138
Accumulated Depletion	-56,285	-51,881
Net	93,853	98,257
Production stage royalty interests | Penasquito	'	'
Royalty and stream interests	'	'
Cost	99,172	99,172
Accumulated Depletion	-13,372	-12,393
Net	85,800	86,779
Production stage royalty interests | Las Cruces	'	'
Royalty and stream interests	'	'
Cost	57,230	57,230
Accumulated Depletion	-13,065	-11,713
Net	44,165	45,517
Production stage royalty interests | Mulatos	'	'
Royalty and stream interests	'	'
Cost	48,092	48,092
Accumulated Depletion	-25,658	-24,545
Net	22,434	23,547
Production stage royalty interests | Wolverine	'	'
Royalty and stream interests	'	'
Cost	45,158	45,158
Accumulated Depletion	-9,079	-7,891
Net	36,079	37,267
Production stage royalty interests | Dolores	'	'
Royalty and stream interests	'	'
Cost	44,878	44,878
Accumulated Depletion	-8,883	-8,186
Net	35,995	36,692
Production stage royalty interests | Canadian Malartic	'	'
Royalty and stream interests	'	'
Cost	38,800	38,800
Accumulated Depletion	-7,190	-6,320
Net	31,610	32,480
Production stage royalty interests | Holt	'	'
Royalty and stream interests	'	'
Cost	34,612	34,612
Accumulated Depletion	-7,681	-6,564
Net	26,931	28,048
Production stage royalty interests | Gwalia Deeps	'	'
Royalty and stream interests	'	'
Cost	31,070	31,070
Accumulated Depletion	-7,967	-7,194
Net	23,103	23,876
Production stage royalty interests | Inata	'	'
Royalty and stream interests	'	'
Cost	24,871	24,871
Accumulated Depletion	-10,036	-9,303
Net	14,835	15,568
Production stage royalty interests | Ruby Hill	'	'
Royalty and stream interests	'	'
Cost	24,335	24,335
Accumulated Depletion	-5,826	-3,054
Net	18,509	21,281
Production stage royalty interests | Leeville	'	'
Royalty and stream interests	'	'
Cost	18,322	18,322
Accumulated Depletion	-15,586	-15,484
Net	2,736	2,838
Production stage royalty interests | Robinson	'	'
Royalty and stream interests	'	'
Cost	17,825	17,825
Accumulated Depletion	-11,403	-11,224
Net	6,422	6,601
Production stage royalty interests | Cortez	'	'
Royalty and stream interests	'	'
Cost	10,630	10,630
Accumulated Depletion	-9,718	-9,716
Net	912	914
Production stage royalty interests | Other	'	'
Royalty and stream interests	'	'
Cost	190,702	190,702
Accumulated Depletion	-123,578	-121,654
Net	67,124	69,048
Development stage royalty interests | Pascua-Lama	'	'
Royalty and stream interests	'	'
Cost	372,105	372,105
Net	372,105	372,105
Development stage royalty interests | El Morro	'	'
Royalty and stream interests	'	'
Cost	35,074	'
Net	35,074	'
Development stage royalty interests | Other	'	'
Royalty and stream interests	'	'
Cost	32,935	32,934
Net	32,935	32,934
Development stage stream interests | Mt. Milligan	'	'
Royalty and stream interests	'	'
Cost	783,046	770,093
Net	783,046	770,093
Development stage stream interests | Other	'	'
Royalty and stream interests	'	'
Cost	10,418	10,418
Net	10,418	10,418
Development stage royalty and stream interests	'	'
Royalty and stream interests	'	'
Cost	1,233,578	1,185,550
Net	1,233,578	1,185,550
Exploration stage royalty interests	'	'
Royalty and stream interests	'	'
Cost	177,324	177,324
Net	$177,324	$177,324

AVAILABLEFORSALE_SECURITIES_De

AVAILABLE-FOR-SALE SECURITIES (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Jun. 30, 2013
Available-for-sale securities	'	'	'
Cost Basis	$14,267,000	'	$14,267,000
Unrealized Loss	-3,441,000	'	-4,572,000
Fair Value	10,826,000	'	9,695,000
Seabridge	'	'	'
Available-for-sale securities	'	'	'
Cost Basis	14,064,000	'	14,064,000
Unrealized Loss	-3,315,000	'	-4,509,000
Fair Value	10,749,000	'	9,555,000
Loss on available-for-sale securities due to impairment	0	12,100,000	'
Other available for sale securities	'	'	'
Available-for-sale securities	'	'	'
Cost Basis	203,000	'	203,000
Unrealized Loss	-126,000	'	-63,000
Fair Value	$77,000	'	$140,000

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Long-term debt disclosure	'	'	'	'
Total debt, non-current	$304,604,000	'	$302,263,000	'
Convertible notes due 2019, net	'	'	'	'
Long-term debt disclosure	'	'	'	'
Total debt, non-current	304,604,000	'	302,263,000	'
Aggregate principal amount of convertible senior notes issued	'	'	'	370,000,000
Interest rate on convertible senior notes (as a percent)	2.88%	'	'	'
Interest expense recognized	5,300,000	5,100,000	'	'
Revolving credit facility	'	'	'	'
Long-term debt disclosure	'	'	'	'
Maximum availability under the revolving credit facility	350,000,000	'	'	'
Outstanding amount under credit facility	$0	'	'	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Stock-based compensation expense	'	'
Stock-based compensation expense	$1,613	$2,095
Stock Options	'	'
Stock-based compensation expense	'	'
Stock-based compensation expense	129	127
Stock Appreciation Rights	'	'
Stock-based compensation expense	'	'
Stock-based compensation expense	306	392
Restricted Stock	'	'
Stock-based compensation expense	'	'
Stock-based compensation expense	1,267	1,130
Performance Shares	'	'
Stock-based compensation expense	'	'
Stock-based compensation expense	($89)	$446

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details 2) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Stock Options	'	'
Stock options, number of shares	'	'
Granted (in shares)	24,775	17,925
Unrecognized stock-based compensation expense	'	'
Unrecognized stock-based compensation expense related to non-vested awards	$1	'
Weighted-average period of recognition of unrecognized stock-based compensation expenses of non-vested awards	'2 years 3 months 18 days	'
Stock Appreciation Rights	'	'
Other than stock options, number of shares	'	'
Granted (in shares)	84,125	54,400
Unrecognized stock-based compensation expense	'	'
Unrecognized stock-based compensation expense related to non-vested awards	2.6	'
Weighted-average period of recognition of unrecognized stock-based compensation expenses of non-vested awards	'2 years 4 months 24 days	'
Restricted Stock	'	'
Other than stock options, number of shares	'	'
Granted (in shares)	66,150	40,850
Unrecognized stock-based compensation expense	'	'
Unrecognized stock-based compensation expense related to non-vested awards	7.6	'
Weighted-average period of recognition of unrecognized stock-based compensation expenses of non-vested awards	'3 years 7 months 6 days	'
Performance Shares	'	'
Other than stock options, number of shares	'	'
Granted (in shares)	71,700	45,600
Unrecognized stock-based compensation expense	'	'
Unrecognized stock-based compensation expense related to non-vested awards	$4	'
Weighted-average period of recognition of unrecognized stock-based compensation expenses of non-vested awards	'2 years	'

EARNINGS_PER_SHARE_EPS_Details

EARNINGS PER SHARE ("EPS") (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
EARNINGS PER SHARE ("EPS")	'	'
Net income available to Royal Gold common stockholders (in dollars)	$15,195	$24,771
Weighted-average shares for basic EPS	64,858,354	59,435,867
Effect of other dilutive securities (in shares)	122,245	243,940
Weighted-average shares for diluted EPS	64,980,599	59,679,807
Basic earnings per share (in dollars per share)	$0.23	$0.42
Diluted earnings per share (in dollars per share)	$0.23	$0.41
Exchange ratio for conversion of exchangeable shares of RG Exchangeco into shares of Royal Gold common stock	1	'
Impact on diluted earnings per share (in dollars per share)	$0	'
2019 Conversion Notes, Initial conversion price per share of common stock (in dollars per share)	$105	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
INCOME TAXES	'	'	'
Income tax expense	$4,842,000	$16,461,000	'
Effective tax rate (as a percent)	24.10%	39.40%	'
Income tax benefit resulting from an error identified as part of the annual provision-to-return true-up process	1,700,000	'	'
Total gross unrecognized tax benefits	21,900,000	'	21,200,000
Accrued income-tax-related interest and penalties	4,800,000	'	4,300,000
Expiration period of statute of limitations for income tax examinations	'12 months	'	'
Decrease in net unrecognized income tax benefits, reasonably possible in the next 12 months, lower bound	5,000,000	'	'
Decrease in net unrecognized income tax benefits, reasonably possible in the next 12 months, upper bound	$5,500,000	'	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
Chile	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	31.00%	26.00%	'
Royalty and stream interests, net (as a percent)	31.00%	'	30.00%
Canada	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	26.00%	23.00%	'
Royalty and stream interests, net (as a percent)	52.00%	'	52.00%
Mexico	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	18.00%	22.00%	'
Royalty and stream interests, net (as a percent)	7.00%	'	7.00%
United States	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	13.00%	17.00%	'
Royalty and stream interests, net (as a percent)	4.00%	'	4.00%
Australia	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	4.00%	3.00%	'
Royalty and stream interests, net (as a percent)	3.00%	'	3.00%
Africa	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	3.00%	3.00%	'
Royalty and stream interests, net (as a percent)	1.00%	'	1.00%
Other	'	'	'
Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)	'	'	'
Revenue (as a percent)	5.00%	6.00%	'
Royalty and stream interests, net (as a percent)	2.00%	'	3.00%

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Assets:	'	'
Marketable equity securities	$10,826,000	$9,695,000
Recurring basis | Carrying Amount	'	'
Assets:	'	'
United States treasury bills	539,991,000	'
Marketable equity securities	10,826,000	'
Liabilities:	'	'
Debt	370,000,000	'
Amount of equity component of convertible notes	77,000,000	'
Recurring basis | Fair value	'	'
Assets:	'	'
United States treasury bills	539,991,000	'
Marketable equity securities	10,826,000	'
Total assets	550,817,000	'
Liabilities:	'	'
Debt	356,203,000	'
Total liabilities	356,203,000	'
Recurring basis | Level 1	'	'
Assets:	'	'
United States treasury bills	539,991,000	'
Marketable equity securities	10,826,000	'
Total assets	550,817,000	'
Liabilities:	'	'
Debt	356,203,000	'
Total liabilities	$356,203,000	'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		0 Months Ended	3 Months Ended	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Oct. 16, 2009	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
	Canadian Minerals Partnership	Altius	Voisey's Bay Holding Corporation	Voisey's Bay Holding Corporation	Mt. Milligan	Mt. Milligan	Tulsequah
Commitments and Contingencies	'	'	'	'	'	'	'
Final commitment payment made	'	'	'	'	$12.90	'	'
Remaining commitment amount	'	'	'	'	'	0	50
Percentage of ownership interest held in Labrador Nickel Royalty Limited Partnership ("LNRLP")	89.99%	10.00%	'	0.01%	'	'	'
Minimum damage amount claimed by Labrador Nickel Royalty Limited Partnership ("LNRLP")	'	'	$29	'	'	'	'

RELATED_PARTY_Details

RELATED PARTY (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013
	oz	oz
	item
Related party	'	'
Maximum period of days gold inventory allocated to Royal Gold in an in-kind distribution will be held before sale	'5 days	'
Crescent Valley Partners, L.P. ("CVP")	'	'
Related party	'	'
Percentage of royalty interests acquired	1.25%	'
Aggregate partner ownership percentage held by Royal Gold	31.67%	'
Number of board of director members holding limited partner interests	1	'
Aggregate percentage of limited partner interests held by certain Royal Gold executives	35.56%	'
Quantity of gold inventories (in ounces)	9,840	9,742
Carrying value of the gold in inventory	$6.30	$6.10
Fair value of the gold in inventory	$13.10	$11.60