Royal Gold's business has over a short period of time become more internationalized and diversified (in 2010, 60% of revenue came from abroad compared to 44% the year before).

February 2010 completed the acquisition of another royalty company, IRC which has claims in Chile (Pascua Lama) and Canada (Voisey's Bay).

[6] Royal Gold's principal producing properties are generally in production and are the most significant contributors of revenue to its portfolio.

In the last three months of the 2011 calendar year Royal Gold relied on Andacollo (23.5%), Voisey's Bay (17.5%), Penasquito (9.2%), Holt (6.1%) for more than half of its revenue.

Voisey's Bay and Las Cruces are the only major mining operations that don't produce gold.