Vox Royalty Stock Price, News & Analysis

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.