The financing is linked to the gold miner’s ESG (environmental, social and governance) performance – specifically its carbon emissions and its commitment to promote more women into senior roles.
"Analysts expect a rebound in steel output as Beijing's yearly targets have been met, prompting mills to resume production," broker SP Angel said in a note.
Gold Royalties said it is taking its offer directly to Elemental’s shareholders after its two previous approaches to the junior failed to engage Elemental’s board of directors.
