Business
Vox Royalty Announces Q1 2023 Financial Results and Declares Quarterly Dividend
All amounts in U.S. dollars unless otherwise indicated TORONTO, ON / ACCESSWIRE / May 10, 2023 / Vox Royalty Corp. (TSXV:VOX) (NASDAQ:VOXR) ("Vox" or the "Compa
About this update from Vox Royalty Corp
[{"type":"text","content":" All amounts in U.S. dollars unless otherwise indicated TORONTO, ON / ACCESSWIRE / May 10, 2023 / Vox Royalty Corp. (TSXV:VOX) (NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to announce its operating and financial results for the first quarter ended March 31, 2023. Kyle Floyd, Chief Executive Officer stated: \"Following our recent announcements to highlight record quarterly revenue and a dividend increase, we are excited to share record quarterly gross profit and the declaration of another quarterly dividend for investors. Our strong Q1 2023 financial performance is a testament to management's focus on thorough technical due diligence and disciplined royalty acquisition practices.\" First Quarter 2023 Highlights Record revenue of $3,580,855 for the three months ended March 31, 2023 (compared to revenues of $1,471,019 for the three months ended March 31, 2022); Record gross profit of $2,964,857 for the three months ended March 31, 2023 (compared to $1,164,293 for the three months ended March 31, 2022); Increasing the Company's quarterly cash dividend by 10% to $0.011 per common share on March 13, 2023, payable to shareholders of record as of March 31, 2023; Significant organic development within the Company's existing royalty portfolio, including Silver Mines Limited (\"Silver Mines\") announcing a substantial resource upgrade and maiden gold resource estimate for the Bowdens silver project in Australia, Alamos Gold Inc. announcing the completion of an Environmental Impact Assessment and positive Decision Statement issued by the Minister of Environment and Climate Change (Canada) for the Lynn Lake gold project in Canada and Treasury Metals Inc. announcing positive results for its pre-feasibility study over the Goldlund gold project in Canada; Strong balance sheet position at quarter end, including: Cash and accounts receivable of $7,750,584; Working capital of $3,683,329; Total assets of $43,236,735; Subsequent to March 31, 2023: Shared annual 2023 royalty revenue guidance of $11,000,000 - $13,000,000; Silver Mines announced that the Bowdens silver project has been approved by the Independent Planning Commission of New South Wales to proceed with development and production of the project, subject to certain conditions; Jangada Mines PLC announced that it has received positive test...