Bruce Kirchhoff, Vice President and General Counsel of Mining Royalties Firm Royal Gold, Inc., Speaks to DU Students

Bruce Kirchhoff, Vice President and General Counsel of Royal Gold, Inc., spoke recently to students at the University of Denver Sturm College of Law about the business of buying and managing mining royalties involving precious metals.

Royal Gold owns and manages nearly 200 producing, development, evaluation and exploration stage royalties. The royalties are located all around the globe including in Argentina, Canada, Chile, Mexico, Russia, and the U.S.

He explained how Royal Gold acquires royalties from a range of interests including prospectors, junior mining companies, and in some instances major mining firms. He also noted that in a growing number of situations mining companies are seeking financing from firms such as Royal Gold.

A key step before any royalty is acquired, he said, is to perform careful due diligence about the royalty including examining the royalty's title as well as whether the mine -- if the royalty is attached to a producing asset -- has the proper operating permits in place.

Since Royal Gold is a public company, Mr. Kirchhoff is also centrally involved in making sure the firm's public filings are in place. In this regard, he noted that much of time in recent months has been spent complying with the Dodd-Frank Act, a federal statute enacted last summer that is aimed at corporate governance.

Don Smith, Director of the Environmental and Natural Resources Law Program, said, "Bruce Kirchhoff's presentation reflected the observations of a widely respected practitioner who has enormous experience in this field. This event represented a wonderful way for students to learn about the professionalism of a general counsel who is intimately involved in the mining sector. The fact that Mr. Kirchhoff is a graduate from the College of Law made the day all the more meaningful."

Editor's note: In the picture, Mr. Kirchhoff is second from the left. Professor K.K. DuVivier, who teaching Mining Law, is second from the right. Don Smith is on the left.

Bruce Kirchhoff, Vice President and General Counsel of Royal Gold Inc., to Speak on February 10 About Owning, Managing Precious Metals Royalties

Bruce Kirchhoff, Vice President and General Counsel of Royal Gold, Inc., will speak at the University of Denver Sturm College of Law Thursday, February 10, from 12 noon to 1 p.m. in room 155 about the business of owning and managing royalties involving precious metals mines, with a focus on gold.

Royal Gold owns a large portfolio of producing, development, evaluation and exploration stage royalties located in some of the world's most prolific gold regions. According to the company, "Through this high quality portfolio, Royal Gold maintains upside potential through any exploration successes by the operators and benefits when new reserves are produced."

Mr. Kirchhoff has more than 20 years experience in a broad range of business, commercial and corporate matters affecting natural resource companies. Most recently he served as a partner with Carver Kirchhoff Schwarz McNab & Bailey, LLC (“CKSMB”) where he represented hardrock and industrial minerals clients as well as mineral exploration and development companies. Prior to CKSMB, Mr. Kirchhoff was a senior attorney with Cyprus Amax Minerals Company.

Mr. Kirchhoff holds a J.D. degree from the Sturm College of Law, a Masters in Mineral Economics from Colorado School of Mines, and a B.A. from Colorado College. He has been an Adjunct Lecturer in Law at the College of Law where he taught international mining law and policy.

A Denver-based corporation, Royal Gold is traded on the Nasdaq Global Select Market, under the symbol “RGLD,” and on the Toronto Stock Exchange, under the symbol “RGL.”

Don C. Smith, Director of the Environmental and Natural Resources Law Program, said, "It will be an honor to host Bruce Kirchhoff as he speaks about the business of Royal Gold, Inc. Mr. Kirchhoff's presentation will be particularly fascinating to students who are considering a career in the natural resources field. Moreover, his presentation is extremely timely with the growth in demand for precious metals such as gold. There is a great deal to be learned from accomplished individuals such as Mr. Kirchhoff, who has had a successful and wide-ranging career in natural resources-related law and business."

Bruce Kirchhoff, DU JD Graduate and Vice President and General Counsel of Royal Gold Inc., Talks About the Business of Buying and Managing Royalties

The University of Denver Sturm College of Law has many outstanding alumni practicing in the natural resources sector. One such alumnus is Bruce Kirchhoff, a 1984 JD graduate, who serves as Vice President and General Counsel for Royal Gold, Inc., a Denver-based precious metals royalty company.

Recently I set down with Mr. Kirchhoff to find out more about Royal Gold, which the Denver Business Journal recently recognized as among the "fastest growing" companies in Colorado ("Royal Shines Gold," Oct. 10, 2010).

According to Mr. Kirchhoff, "Royal Gold owns and manages royalties primarily on precious metals mines with a focus on gold. Our royalty portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations."

He went on to explain that Royal Gold owns a large portfolio of producing, development, evaluation, and exploration stage royalties located in some of the world's most prolific gold regions. "Through this high quality portfolio," Mr. Kirchhoff said, "Royal Gold maintains upside potential though any exploration successes by the operators and benefits when new reserves are produced."

Mr. Kirchhoff has over 20 years experience in a broad range of business, commercial, and corporate matters affecting natural resources companies. Most recently he was a partner with Carver Kirchhoff Schwarz McNab & Baily, where he represented hardrock and industrial minerals clients as well as mineral exploration and development companies. Earlier in his career he was a senior attorney with Cyprus Amax Minerals Company.

Despite his busy schedule, Mr. Kirchhoff has been extremely generous in his support of the Environmental and Natural Resources Law program at DU. Several years ago he co-taught "International Mining Law & Policy." In more recent years, he has spoken to various DU law courses about his work and experience, thus providing students with invaluable insight into the mining sector. We are delighted that he is part of the College of Law community. Preparations are underway to have Mr. Kirchhoff speak to ENRL program students in spring 2011.

Royal Gold is headquartered in Denver and traded on the NASDAQ Global Select Market and on the Toronto Stock Exchange.

Don C. Smith
Director
Environmental and Natural Resources Law Program