Vox Royalty Stock Price, News & Analysis

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.

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.