Tony Jensen

Currently holds a position at Black Hills Corp

2.5

4.2

4.4

Position	Company	Period
Independent Director	Black Hills Corp	Nov. 1, 2019 -
President, Chief Executive Officer, Director	Royal Gold Inc	July 1, 2006 - Jan. 2, 2020
Independent Director	Golden Star Resources Ltd	June 13, 2012 - May 5, 2017

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2020-05-12	2020-05-12	Black Hills Corp (BKH)	B Purchase	43,843 +49.7% 331.22 US$4,026,683	43,843 +49.7%	331.22	US$4,026,683
2020-03-12	2020-03-12	Black Hills Corp (BKH)	B Purchase	56,074 +42.7% 414.99 US$223,560	56,074 +42.7%	414.99	US$223,560
2019-06-12	2019-06-12	Royal Gold Inc (RGLD)	S Sale	63,203 -27.6% 393.42 US$2,099,751	63,203 -27.6%	393.42	US$2,099,751
2019-06-07	2019-06-06	Royal Gold Inc (RGLD)	S Sale	12,229 -8.5% 92.84 US$1,135,340	12,229 -8.5%	92.84	US$1,135,340
2019-06-07	2019-06-05	Royal Gold Inc (RGLD)	S Sale	26,592 -17.4% 92.22 US$2,452,314	26,592 -17.4%	92.22	US$2,452,314
2004-05-14	2004-05-12	Royal Gold Inc (RGLD)	B Purchase	100 +4.2% 11.90 US$1,190	100 +4.2%	11.90	US$1,190
2004-05-14	2004-05-12	Royal Gold Inc (RGLD)	B Purchase	900 +60.0% 11.89 US$10,701	900 +60.0%	11.89	US$10,701
2004-05-14	2004-05-12	Royal Gold Inc (RGLD)	B Purchase	1,000 +200.0% 11.95 US$11,950	1,000 +200.0%	11.95	US$11,950
2004-05-14	2004-05-12	Royal Gold Inc (RGLD)	B Purchase	500 +inf% 12.00 US$6,000	500 +inf%	12.00	US$6,000