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. has completed the acquisition of a portfolio of four Australian royalties at various development stages and a production-linked milestone payment, for A$4.7 million. This acquisition includes significant assets such as Castle Hill, Kunanalling, Halls Creek, and Broken Hill, operated by prominent Australian producers like Evolution Mining. The transaction is expected to provide meaningful revenue from early 2026, primarily from gold and copper assets. Vox’s portfolio now includes over 50 Australian assets, benefiting from high AUD-denominated gold and copper prices. This acquisition also increases Vox’s exposure to critical metals like cobalt and rare earth metals and strengthens its asset base in stable jurisdictions.
Vox Royalty Corp. shares significant exploration and development updates for the Red Hill gold project in Western Australia through its operating partner Northern Star Resources The project, previously mined between 2001 and 2007, has seen a 58% resource upgrade and a maiden reserve declaration. With potential annual revenues of US$10 million, the Red Hill project remains open at depth, showing promise for future development. The recent drilling results and detailed mining assumptions further highlight the project's potential.
FAQ
What is the current stock price of Vox Royalty (VOXR)?
What is the market cap of Vox Royalty (VOXR)?
What does Vox Royalty Corp. do?
What recent achievements has Vox Royalty Corp. made?
What are Vox's major projects?
How does Vox generate revenue?
What is the significance of Vox's recent credit facility?
What is Vox's strategy for growth?
Where can I find more information about Vox Royalty Corp.?
What is the geographical focus of Vox's royalties?
Is Vox Royalty Corp. financially stable?
What are the future prospects for Vox Royalty Corp.?
