Vox Royalty Corp (TSX-V:VOX) said it recorded preliminary quarterly royalty revenue of $2.976 million for the three months ended September 30, 2022, driven mainly by record gold royalty revenues from Segilola and steady revenues from the Wonmunna iron ore royalty.
"The past three months have been incredibly productive for Vox, with near-record quarterly revenues, declaration of an inaugural quarterly dividend, commencement of trading on The Nasdaq Stock Market and production commencement at the Otto Bore gold mine,” Kyle Floyd, the company's CEO, said in a statement.
“Despite uncertain macroeconomic and geopolitical times, Vox continues to deliver sector-leading returns on deployed capital for investors, driven by technically-sound royalty asset selection. The outlook for upcoming organic developments in Vox's current portfolio of royalties, as well as counter-cyclical accretive royalty acquisitions, remains very strong," he added.
READ: Vox Royalty shares set to begin trading on Nasdaq by the end of month
For the nine months ended September 30, 2022, Vox's royalty revenue reached $7.612 million while the annual guidance for the full year 2022 was at $7.8 million to $9.4 million.
Vox is a returns-focused mining royalty company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. Established in 2014, it has built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector.
Contact the author at jon.hopkins@proactiveinvestors.com