Business
Vox Royalty Announces Q3 2022 Financial Results And Declares Quarterly Dividend
TORONTO, Nov. 15, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (NASDAQ: VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is pleased to an
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, Nov. 15, 2022 /CNW/ - 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 third quarter ended September 30, 2022. All amounts are in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer stated: \"Our recent results demonstrate Vox's consistent outperformance for investors over the past several quarters, setting multiple production, revenue and profitability records notwithstanding a turbulent macroeconomic and geopolitical backdrop. The introduction of a quarterly dividend and Vox's Nasdaq listing highlight management's commitment to investor returns, liquidity, and accretive growth.\" Third Quarter 2022 Highlights Record Q3 2022 recognized revenues of $3,181,574, record year-to-date revenues of $6,403,347 and record year-to-date royalty receipts of $7,612,264; Record gross profit of $2,463,007 and $5,072,178 for the three and nine months ended September 30, 2022; Declared an inaugural quarterly cash dividend of $0.01 per common share on September 20, 2022, paid to shareholders on November 4, 2022, representing an initial 1.8% annualized dividend yield (based on the closing share price on September 19, 2022); Subsequent to quarter-end, commenced trading on the Nasdaq on October 10, 2022; Noted significant organic development within the existing royalty portfolio with the commencement of production by Northern Star Resources Limited at the Otto Bore gold mine and construction completion and loaded commissioning at the Binduli North Gold Mine by Zijin Mining Group Co., Ltd. both located in Western Australia; Increased producing royalty asset count to seven during the nine months ended September 30, 2022, with the May 2022 acquisition of the Wonmunna royalty and the commencement of production at Otto Bore; Strong balance sheet position at quarter end, including: Cash and accounts receivable of $6,486,583; Working capital of $3,636,005; Total assets of $41,439,314; and Purchased and cancelled 192,200 common shares pursuant to the Company's normal course issuer bid (\"NCIB\") during the nine months ended September 30, 2022. Summary of Quarterly Results Three months ended September 30, 2022 Three months endedSeptember 30, 2021 Nin...