Welcome to our dedicated page for Vox Royalty news (Ticker: VOXR), a resource for investors and traders seeking the latest updates and insights on Vox Royalty stock.
Vox Royalty Corp. (symbol: VOXR) is a returns-focused mining royalty company with a robust portfolio of over 60 royalties and streams across eight jurisdictions. Established in 2014, Vox has built a unique intellectual property base, a technically focused transactional team, and a global sourcing network. These assets have enabled Vox to target the highest returns on royalty acquisitions within the mining royalty sector.
Vox's business model revolves around acquiring and managing royalties and streams from various mining projects. The company boasts a diverse range of royalty interests, including gold, silver, copper, zinc, and other minerals, providing investors with broad exposure to the mining sector.
Recent achievements underline Vox's strategic prowess. On November 22, 2023, Vox announced an exploration and development update for the Red Hill gold project in Western Australia. The project, operated by Northern Star Resources, is now classified at the Feasibility stage, with Northern Star categorizing it as a key deposit for future open pit mining. Vox holds a 4% gross revenue royalty over mining lease M27/57 at Red Hill, a project historically significant for producing approximately 467,000oz of gold between 2001 and 2007.
Additionally, Vox has reported positive developments at the Janet Ivy gold mine, with royalty revenue surpassing the milestone payment threshold of A$750,000 as of November 13, 2023. This success has triggered a milestone payment, underscoring the potential for increased revenue streams from continued ramp-up in production.
Financially, Vox is on a solid footing, recently securing a $15 million secured revolving credit facility from the Bank of Montreal, which includes an accordion feature for an additional $10 million. This facility allows Vox to pursue acquisitions with a cost-efficient allocation of resources, strategically enhancing its portfolio.
Vox continues to expand its portfolio, with recent acquisitions including four royalties at various stages of development in Australia. These assets are expected to contribute significantly to Vox's revenue, particularly the advanced Castle Hill and Kunanalling gold assets in Western Australia.
With a technically adept team and a clear focus on high-return investments, Vox Royalty Corp. is well-positioned to capitalize on opportunities within the mining royalty sector, delivering substantial value to shareholders.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) has announced the receipt of its first royalty revenues from the Castle Hill and Bulong gold royalties in Western Australia. The company expects first royalty revenues from Otto Bore gold royalty in Q4 2024 or Q1 2025.
These three gold royalties are projected to contribute $3M - $4M in gold-related royalty revenue for Vox in 2025. The company received inaugural royalty revenue from Evolution Mining for the Rayjax gold deposit on November 22, 2024, and from Black Cat Syndicate for the Myhree gold deposit on December 3, 2024.
The Castle Hill royalty includes an A$40/oz gold royalty up to 75,000oz production and a A$2M milestone payment at 140,000oz. The Bulong royalty comprises an uncapped 1% NSR, while Otto Bore carries a 2.5% NSR on production between 42,000-100,000 ounces.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) reported Q3 2024 financial results showing mixed performance. Operating cash flows increased 55% to $2.1M in Q3 2024 compared to Q3 2023, while revenue decreased to $2.4M from $3.5M in Q3 2023. The revenue decline was primarily due to a $1.3M Puzzle Discovery Payment recognized in Q3 2023. The company achieved record quarterly production at Wonmunna iron ore and Janet Ivy gold mines, while maintaining a strong balance sheet with $12.1M in cash and receivables. General and administration costs decreased by 14% year-to-date. The Board declared a quarterly dividend of $0.012 per share, payable on January 14, 2025.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) reports significant progress across its Western Australian gold royalty assets. First gold doré was produced at the Myhree project in September 2024, with open pit mining ahead of schedule. At Castle Hill, Evolution Mining awarded a A$360M mining services contract to commence in November 2024, with the A$250M Mungari mill expansion progressing ahead of schedule. The Plutonic East mine development is advancing with dewatering underway and first ore expected in Q1 2025, targeting annual gold production of approximately 25,000oz in FY26.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a returns focused mining royalty company, has announced the release date for its 2024 third quarter results. The company will publish its financial results on Wednesday, November 6, 2024, after market close. This announcement provides investors and analysts with a specific date to anticipate the company's latest financial performance and operational updates.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) has provided updates on its Western Australia gold royalty assets. Key developments include:
1. Red Hill: Northern Star reaffirmed its strategic value within the A$1.5B expansion of KGCM operations. The 1.9Moz gold resource is classified as 1.0Moz Au Indicated and 0.9Moz Au Inferred.
2. Castle Hill and Kunanalling: Evolution Mining's Mungari expansion is progressing well, with Castle Hill ore prioritized as baseload feed. The mill expansion is on schedule for completion in Q1 2026.
3. West Kundana: Evolution highlighted the Ultrabark deposit on Vox's royalty tenure, indicating potential for further discoveries along the Zuleika shear zone.
These updates support Vox management's previous estimates of potential US$10 million in initial annual revenues from the Red Hill royalty.
Vox Royalty Corp. (TSX:VOXR, NASDAQ:VOXR) announced its Q2 2024 financial results and declared a quarterly dividend. Key highlights include a 15% increase in gross profit and a 28% decrease in general and administration expenditures compared to Q2 2023. Revenue for Q2 2024 was $2.84M, up from $2.22M in Q2 2023. Cash flow from operations increased by 88% to $2.01M for Q2 2024. The company reported a net loss of $0.33M for the quarter, compared to a $0.05M loss in Q2 2023. Vox also completed an acquisition of an Australian royalty portfolio and saw a record 22% increase in ore shipments from the Pilbara Hub. Financially, Vox remains strong with $11.11M in cash and accounts receivable. A quarterly dividend of $0.012 per share will be paid on October 11, 2024, to shareholders of record on September 27, 2024. The company also offers a Dividend Reinvestment Plan (DRIP) for its shareholders.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) announces the commencement of gold mining at the Myhree Gold Deposit in Western Australia by its royalty operating partner, Black Cat Syndicate Vox holds an uncapped 1.0% net smelter royalty (NSR) on the project, acquired for US$545,000 in 2020. Key updates include:
- Completion of site setup and 24-hour operations starting July 25, 2024
- First ore mined on July 26, 2024, ahead of schedule
- Ore processing expected to begin at Paddington Gold Mill in September 2024
- Open pit mining and processing planned for ~18 months
- Potential increase in open pit reserves due to higher gold prices
The Myhree/Boundary open pit Probable Ore Reserves were previously calculated at 52,000 ounces at 2.2g/t Au, based on A$2,500/oz gold price. Black Cat is now re-optimizing the mine design to factor in current gold prices above A$3,500/oz.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a returns focused mining royalty company, has announced the release date for its 2024 second quarter results. The company will disclose its financial performance on Wednesday, August 7, 2024, after the market closes. This announcement provides investors and analysts with a specific timeline to anticipate Vox's upcoming financial report, which will offer insights into the company's performance during the second quarter of 2024.
Vox Royalty Corp (TSX:VOXR, NASDAQ:VOXR) announced updates on its mining royalty projects. The Plutonic East and Bulong gold royalties are expected to commence production by Q1 2025, driven by strong AUD gold prices. Black Cat Syndicate has started mining activities at the Bulong project, anticipating first production in September 2024. Catalyst Metals is dewatering the Plutonic East mine, with first production expected in Q1 2025. However, Mineral Resources will ramp down operations at the Yilgarn Hub, including Koolyanobbing, by December 31, 2024, following an assessment. Vox expects significant returns from these projects, having acquired the Plutonic East royalty for US$800,000 and the Bulong royalty for US$545,000.
On May 30, 2024, Vox Royalty Corp. (TSX:VOXR, NASDAQ:VOXR) announced that all five nominated directors were elected at its annual general meeting. The nominees, Kyle Floyd, Rob Sckalor, Alastair McIntyre, Donovan Pollitt, and Shannon McCrae, received high approval rates, with votes for each exceeding 89%. Additionally, shareholders approved the appointment of Ernst & Young LLP as the auditor for the upcoming year and authorized the directors to set the auditor's remuneration. Detailed voting results are available in the Company's Management Information Circular dated April 17, 2024.
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