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Investment approach

We prioritize high-margin assets in stable jurisdictions operated by Tier-1 partners.

Elemental Royalty applies a consistent and disciplined framework when evaluating royalty opportunities.

By structuring royalties that align interests with operators, we aim to build durable exposure that performs across commodity cycles. Our portfolio is weighted toward gold and precious metals, with the balance in base and strategic metals.

We assess the underlying asset, the operator, jurisdictional risk, ESG criteria, and the structure of the royalty itself, with a clear focus on long-term value creation. We prioritise royalties on assets with scale, longevity and exploration or expansion potential. 

Gold Shape 4

Portfolio overview

*Allocated by consensus NAV

  • Precious Metals 67
  • Base Metals 33

*Allocated by consensus NAV

  • Producing 45
  • Developing 55

*Allocated by revenue

  • North America 40
  • South America 20
  • Australia 15
  • Africa 10
  • Europe 5

Cornerstone royalties

Caserones
Lundin Mining, Chile
Timok – Cukaru Peki
Zijin Mining, Serbia
Karlawinda
Capricorn Metals, Australia, Western Australia
Laverton
Genesis Minerals, Australia, Western Australia
Leeville
Nevada Gold Mines, USA, Nevada