SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                 FORM 8-K

                              CURRENT REPORT
 
                    Pursuant to Section 13 or 15(d) of
                    The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 13, 1995

                             ROYAL GOLD, INC.
          (exact name of registrant as specified in its charter)


Delaware                   0-5664               84-0835164 
- - --------                 -------------        -------------------- 
(State of                (Commission          (IRS Employer 
incorporation)             File Number)         Identification No.) 
                               
     1660 Wynkoop Street, Suite 1000, Denver, CO   80202-1132
     (Address of principal executive offices)      (Zip Code)

     Registrant's telephone number, including area code: 303-573-1660




Item 4.  CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT


         On December 7, 1995, the stockholders of Royal Gold, Inc.
(the "Registrant"), ratified the Board of Directors recommendation
from the Registrant's Audit Committee that the Registrant would
engage Coopers & Lybrand, rather than Williams Richey & Co., as the
principal accountants to audit the Registrant's financial
statements as of June 30, 1995, for fiscal year 1996.  The primary
reason for the Registrant's change in auditors is because of the
Company's international exploration programs.  In addition to audit
services, Coopers & Lybrand will render certain non-audit services
to the Company, including tax advice.  For the past four fiscal
years, and during the interim period up to the date of dismissal,
Williams  Richey & Co. had been engaged as the principal accoun
tants to audit the Registrant's financial statements, and in each
of those past fiscal years, Williams Richey & Co.'s report on the
financial statements of the Registrant contained no adverse opinion 
or disclaimer of opinion nor was it qualified as to uncertainty,
audit scope, or accounting principles.  

     During the Registrant's past three fiscal years, and  during
the intermim period up to the date of dismissal, there were no
disputes, disagreements, or discrepancies between the Registrant
and Williams Richey & Co. on any matter of accounting principles or
practices, fiancnial statement disclosure, or auditing scope or
procedure.

Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

          (c)  Exhibits 

               1.  Letter from Williams Richey & Co., dated 
                   December 11, 1995.






                                SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                                      ROYAL GOLD, INC.
                                      (Registrant)



Date:  December 13, 1995            By: //s//                          
                                        Stanley Dempsey     
                                        Chairman 
 


                                  WILLIAMS RICHEY & CO.

December 11, 1995



Mr. Stanley Dmepsey
Chief Executive Officer
Royal Gold, Inc.
1660 Wynkoop Street, Suite 1000
Denver, CO  80202


This is to confirm that the client-auditor relationship between
Royal Gold, Inc. (Commission File Number 0-5664) and Williams,
Richey & Co., P.C. has ceased.

Yours very truly,



WILLILAMS, RICHEY & CO., P.C.

//s//

Keith May
Certified Public Accountant

cc:  Office of the Chief Accountant
     SECPS Letter File
     Securities and Exchange Commission
     Mail Stop 9-5
     450 Fifth Street, N.W.
     Washington, D.C.  20549






950 SOUTH CHERRY STREET, SUITE 918, DENVER, COLORADO  80202
303/759-3733, FAX:  303/759-1168