Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
DENVER, COLORADO - Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a mining royalty company with a market capitalization of $181 million, has reported significant developments from its operating partners in Western Australia, indicating progress that could potentially enhance its near- and medium-term revenue. The company’s stock has shown remarkable momentum, delivering a 17% return in the past week and over 52% year-to-date, according to InvestingPro data.
On Sunday, Black Cat Syndicate Limited announced the first gold pour at its Lakewood mill, following the acquisition of the facility. Additionally, Black Cat received approval for underground mining at its Myhree deposit, which is expected to begin following the completion of the open pit in late 2025. Vox Royalty holds a 1% net smelter return (NSR) on the Myhree and other deposits within the Kal East project.
Norwest Minerals Limited revealed on Sunday that it has been granted a mining lease for the Bulgera Gold Project, which covers 2,435 hectares. The lease is a significant step towards the development of the project, with gold prices having doubled since the last resource update in March 2022. Vox holds a 1% NSR over the Bulgera project, which has been identified as having potential for a brownfields operational restart within one to three years, according to Vox management.
Evolution Mining Limited commenced mining operations at the Castle Hill deposit in the first quarter of 2025 and began commissioning its Mungari mill expansion about nine months ahead of schedule and under budget. Vox has an A$40/oz Au royalty over the Castle Hill and other deposits, with a milestone payment of A$2M post 140koz Au production.
These updates from Vox’s partners are expected to contribute to Vox’s royalty revenue, with Black Cat’s underground Myhree deposit expected to start contributing in 2026, and Evolution’s Castle Hill mining operations having already started. The early commissioning of the Mungari mill could potentially accelerate revenue from the Castle Hill royalty. The company maintains a strong financial position with a current ratio of 4.19, indicating ample liquidity to fund its growth initiatives. InvestingPro analysis reveals that Vox holds more cash than debt on its balance sheet, positioning it well for future opportunities.
Vox Royalty emphasizes its commitment to a "returns focused" strategy and boasts a portfolio of over 60 royalties across six jurisdictions. The company’s technical team and global sourcing network have enabled it to target high-return royalty acquisitions in the mining sector. While currently not profitable over the last twelve months, analysts tracked by InvestingPro expect the company to turn profitable this year, with 11 additional exclusive ProTips available for subscribers to gain deeper insights into the company’s prospects.
This article is based on a press release statement from Vox Royalty Corp. and contains forward-looking statements that are subject to risks and uncertainties. These statements include management’s expectations of the impact of partner updates on the company and potential timing of development and production from mining projects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.