Williams Richey & Co.



December 21, 1995



Securities and Exchange Commission
Washington, D.C.  20549


We have read Item 4 of the Royal Gold, Inc. Form 8-K (Commission
File No. 0-5664) dated December 13, 1995, and concur with the
statements made therein.

Sincerely,


//s//

WILLIAMS, RICHEY & CO., P.C.









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