2021 Revised Outlook On April 13, 2021, the Company announced that it expected 2021 annual royalty revenues to total C$1,700,000 – C$2,500,000. The Company is pleased to announce that it now expects 2021 royalty revenues to double to C$4,000,000 – C$5,000,000. The Company's two-fold increase in 2021 revenue guidance is based on public forecasts and other disclosure by the third-party owners and operators of its assets or management's assessment thereof. The increase in guidance since the Company's last issued guidance is mainly attributable to: (i) higher royalty-linked production volumes at the Koolyanobbing iron ore operations across the Deception open pit and recently commissioned Altair open pit, (ii) first production from the Segilola gold mine anticipated in July 2021, and (iii) continued quarter-on-quarter record royalty-linked production from the Hidden Secret deposit at Higginsville covered by the Dry Creek royalty. The revised 2021 outlook does not include the potential sale proceeds from two graphite royalties in the process of being sold, as announced on July 5, 2021.
First gold pours at the Segilola Gold Mine in West Africa by Thor Exploration. July 30th operators completed the first gold pour. Thor is transitioning into the operating phase of the project, which means they are moving towards full-scale steady state commercial productions in September. They are targeting 80-85,000 oz per annum , which will equate to around 45k/oz by the end of this year, and then they are looking to ramp up towards 100k/oz next year. This royalty means good news for Vox as they receive cash flow into the portfolio alongside the other 3 production stage royalties. The revenue generated from this mine for Vox should be 5x the initial investment over the next 3 years which was C$900k. The potential C$4.5 from Segilola has given Vox confidence to up their revenue forecasts for this year towards C$5 million revenues which is double their previous announcement at the end of Q1. There will obviously be a lot more news coming in the next 3 years so it will be interesting to see how the other production stage assets fair and which new ones up the revenues and by how much. Vox Royalty is protected from the challenges that occur taking a mine into production as they have no exposure to CapEx. That is not to say the mine should it fail to find the necessary materials, machinery and other COVID related disruptions, would not hinder the revenues being projected. The good news is the mine's operators are doing a sterling job so far and have an amazing track record.
TORONTO, CANADA – August 10, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that its common shares are now trading on the OTCQX® Best Market under the ticker symbol “VOXCF”. The OTCQX Best Market is the highest market tier of OTC Markets on which more than 10,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. Vox’s common shares will continue to trade on the TSX Venture Exchange under the symbol “VOX”.