Gold Royalty plans to use the proceeds to implement its growth and acquisition strategy and for general working capital.

The company closed out the year with no debt, $534.2 million of cash and equivalents and $1.9 billion in available capital.

The Oxygen group created Fronteer Gold, which was sold to Newmont for $2.3 billion in 2011.

The latest results include a drill hole assay that returned 22 metres of 6.57 g/t gold starting at 232 metres.

Yields are in the rise again on approval of the $1.9 trillion covid relief bill, as well as promising jobs data.

BlackRock says that right now gold isn’t working well as a hedge against either stock moves or inflation risks, although it was against the dollar.

The company recently released assays from five recent drill holes between the Valhalla and Garden zones.