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Vox Royalty Reports Third Quarter 2021 Results

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Vox Royalty Reports Third Quarter 2021 Results

 

 

 

 

 

Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF)  is pleased to announce its operating and financial results for the third quarter ended September 30, 2021. All amounts are in U.S. dollars unless otherwise indicated.

 

Kyle Floyd, Chief Executive Officer stated: “The third quarter of 2021 saw multiple royalty-linked production records, organic growth to 5 producing royalties and record trading liquidity. Based on strong Q3 royalty revenues, Vox remains on track to meet the upper-end of 2021 annual revenue guidance of C$4M – C$5M, which was doubled in July 2021. Growing investor interest in Vox’s high-growth asset portfolio and disciplined focus on sector-leading returns has been further validated through the initiation of additional independent research coverage by Laurentian Securities earlier this month. Vox shareholders can look forward to catalyst-rich upcoming quarters as the company continues its rapid organic growth from 5 to 10 producing assets by late 2023.”

 

Third Quarter 2021 Highlights

 

  • Revenue of $1,223,493 reported for the quarter, with record Q3 2021 royalty-linked gold production from the Hidden Secret deposit at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes from the Koolyanobbing royalty;
  • Increased producing royalty count to 5 assets following achievement of commercial production at the Segilola Gold Mine, as reported by Thor Explorations Ltd. (TSXV: THX) on October 5, 2021;
  • Commencement of construction of the Binduli North heap leach expansion, which includes three key open pits covered by the producing Janet Ivy gold royalty, as disclosed by Zijin Mining Group Co., Limited on August 1, 2021;
  • Award of a A$73M construction contract for the Mt Ida gold project in Western Australia, as announced on September 9, 2021;
  • Record positive cash flows from operating activities of $1,346,103 for the quarter;
  • Strong balance sheet position at period end, including cash on hand of $4,671,606, working capital of $7,842,890 and total assets of $28,109,626;
  • Under the Company’s normal course issuer bid, Vox purchased and cancelled 454,400 common shares at an average share price of C$2.81; and
  • Commenced trading on the OTCQX on August 10, 2021.

 

Summary of Quarterly Results

 

Three months

ended

September 30, 2021

Three months

ended

September 30, 2020

Nine months

ended

September 30, 2021

Nine months

ended

September 30, 2020

$ $ $ $
Statement of income (loss) and comprehensive income (loss)
Revenues 1,223,493 10,252 3,077,503 10,252
Gross profit 946,711 5,486 2,479,469 5,486
Net income (loss) (1,251,384) (2,284,933) 188,893 (7,479,939)
Net income (loss) per share (0.03) (0.07) 0.01 (0.26)

 

For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2021 and 2020 and associated Management Discussion and Analysis for the three and nine months ended September 30, 2021, available on SEDAR (www.sedar.com) or on the Company’s website (www.voxroyalty.com).

 

About Vox

 

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

 

Posted November 23, 2021

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