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 (NASDAQ:VOXR) announced record preliminary revenue of $3.58 million for Q1 2023, significantly up from $1.47 million in Q1 2022. The growth is attributed to royalty revenues from iron ore operations in Australia and gold royalties in Nigeria, bolstered by high iron ore prices. Vox's CEO, Kyle Floyd, expressed optimism, highlighting that this revenue is equivalent to the company's total royalty income for 2021. For 2023, Vox projects revenue between $11 million and $13 million, fueled by ongoing production from existing assets. The company possesses a diversified portfolio of over 60 royalties across eight jurisdictions, emphasizing its strong growth trajectory.
Vox Royalty Corp. (TSXV: VOX, NASDAQ: VOXR) announces the appointment of Donovan Pollitt to its Board of Directors, pending regulatory approval. Pollitt brings over 20 years of mining industry experience, previously serving as President and CEO of Wesdome Gold Mines Ltd. Vox's CEO, Kyle Floyd, expressed enthusiasm for Pollitt's appointment, emphasizing his extensive knowledge and experience in capital markets. The Company also released its inaugural letter to shareholders, outlining its principles, achievements, and strategic insights. Established in 2014, Vox is a returns-focused mining royalty company with a portfolio exceeding 60 royalties across eight jurisdictions, aiming to maximize returns on royalty acquisitions. For more details, visit the shareholder letter.
Vox Royalty Corp (NASDAQ:VOXR) has announced significant developments regarding the Bowdens Silver Project in New South Wales, Australia. On April 3, 2023, the project received final development approval from the Independent Planning Commission, allowing it to proceed with production. The project boasts a substantial resource update, revealing a total of 323 million ounces of measured and indicated silver equivalent resources, alongside a maiden estimate of 96,000 ounces of gold. This approval sets the stage for a potential mine life of up to 23 years, which is expected to enhance Vox's gross revenue royalty of 0.85%.
Vox Royalty Corp. (NASDAQ:VOXR, TSXV:VOX) announced significant updates from its North American gold royalty projects. The recent pre-feasibility study for Treasury Metals' Goldlund project reported a post-tax NPV of C$336 million and increased average annual production to 90,000 ounces. Alamos achieved major permitting milestones at the Lynn Lake project. Furthermore, Orla Mining announced positive drilling results at the South Railroad project, with ongoing exploration in 2023. These advancements highlight Vox's strategic positioning in Tier 1 mining jurisdictions, bolstering management's confidence in long-term value creation for shareholders.
Vox Royalty Corp. (TSXV:VOX, NASDAQ:VOXR) reported record financial results for 2022, showcasing a remarkable 160% growth in annual royalty receipts totaling $9.72 million compared to $3.65 million in 2021. The company achieved record revenues of $8.51 million, with gross profits reaching $6.66 million. Vox declared an inaugural quarterly cash dividend of $0.01 per share and plans to increase dividends further. Despite global economic challenges, Vox maintains a strong, debt-free balance sheet with total assets of $41.81 million, enhancing prospects for continued growth in 2023 and beyond.
Vox Royalty Corp. (NASDAQ: VOXR, TSXV: VOX) announced recent updates on its royalty projects, highlighting key developments for 2023. The Bowdens silver project is set for final permitting in February, while the Sulphur Springs project aims to be 'shovel ready' by mid-2023. Genesis Minerals is advancing the Puzzle North discovery towards feasibility by June, and a commercialization decision for the Myhree gold deposit is expected in March. CEO Kyle Floyd expressed confidence in organic revenue growth stemming from these projects and affirmed their potential for long-term royalty revenue.
Vox Royalty Corp. (NASDAQ:VOXR) reported record preliminary revenue receipts of $9.7 million for the fiscal year 2022, significantly up from $3.6 million in 2021. This figure surpasses the company’s previous revenue guidance of $7.8 million to $9.4 million. For Q4 2022, Vox generated $2.1 million in revenue compared to $575,000 in Q4 2021. Revenue growth was primarily driven by royalties from the Wonmunna iron ore and Segilola gold assets. The company also celebrated key milestones, including its Nasdaq listing and the initiation of a quarterly dividend of $0.01 per share, yielding approximately 1.8%.
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