Business
Vox Royalty Announces Back-to-back Record Quarterly Revenues In Q2 2022 Results
TORONTO, Aug. 15, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ("Vox" or the "Company"), a returns focused precious metals royalty company, is plea
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, Aug. 15, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (\"Vox\" or the \"Company\"), a returns focused precious metals royalty company, is pleased to announce its operating and financial results for the second quarter ended June 30, 2022. All amounts are in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer stated: \"We are excited to announce record quarterly royalty receipts, record quarterly revenues, record gross profit and full payback of the Segilola royalty investment within six months of first royalty receipt. Vox's royalty portfolio continues to develop beyond management expectations particularly in terms of revenue growth and timeline, with numerous assets in construction and others rapidly approaching investment decisions. The acquisition of six new royalties during the quarter covering world-class gold, PGM, iron ore and copper orebodies continues to demonstrate Vox's commitment to growth at reasonable prices. The business fundamentals and outlook for Vox have never been stronger.\" Second Quarter 2022 Highlights Record Q2 royalty receipts of $3,165,030. Royalty receipts were allocated $1,750,754 to the income statement, a new quarterly revenue record, and $1,414,276 capitalized as a reduction to the acquisition purchase price of the Wonmunna royalty, covering the period April 1, 2022 to May 25, 2022 (the pre-acquisition period); Record year-to-date royalty receipts of $4,636,049; Record year-to-date revenues of $3,221,773, representing an increase of 74% over the comparable period; Record gross profit of $1,444,878 and $2,609,171 for the three and six months ended June 30, 2022; Increased producing royalty asset count to six during the quarter, with inaugural revenues received from the Wonmunna iron ore royalty, an uncapped 1.25% to 1.50% GRR (payable at 1.50% for >A$100/t iron ore pricing); Completed the acquisition of six royalties during Q2 2022, including the producing Wonmunna royalty asset; Achieved full revenue payback on the Segilola gold royalty purchase price of C$900,000 during the quarter, within 6 months of first royalty receipt; Strong balance sheet position at quarter end, including: Cash and accounts receivable of $4,747,167; Working capital of $2,916,911; Total assets of $39,805,541; and Purchased and cancelled 70,100 common shares pu...