Business
Vox Royalty Announces Record 2022 Revenues And Exceeds Revenue Guidance
All amounts in U.S. dollars unless otherwise indicated. TORONTO, Jan. 26, 2023 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (NASDAQ: VOXR) ("Vox" or the "Company"), a
About this update from Vox Royalty Corp
[{"type":"text","content":" All amounts in U.S. dollars unless otherwise indicated. TORONTO, Jan. 26, 2023 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (NASDAQ: VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is excited to announce that it has realized record preliminary revenue receipts(1) of $9.7 million for the full 2022 fiscal year (compared to $3.6 million for the comparable 2021 period). The Company is also pleased to announce that the full year preliminary revenue receipts(1) has exceeded its 2022 revenue guidance(1) of $7.8 million to $9.4 million originally issued on May 26, 2022. During the three months ended December 31, 2022, the company realized preliminary revenue receipts(1) of $2.1 million (compared to $575,000 for the comparable period in 2021). Annual and quarterly 2022 revenues were largely driven by royalty revenue associated with the Wonmunna iron ore royalty and Segilola gold royalty assets. These preliminary results should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2022, as and when released. Kyle Floyd, Chief Executive Officer stated: \"We are thrilled to announce record preliminary revenues exceeding the upper range of 2022 revenue guidance, in addition to delivering major strategic milestones of a Nasdaq listing and commencing a quarterly dividend for Vox investors. The Vox royalty portfolio continues to outperform management's high expectations. We look forward to building off this strong momentum into 2023 by delivering growing revenues, sustainable quarterly dividends and significant upside linked to organic operator developments.\" Recap of 2022 Highlights Record preliminary revenue receipts(1) of $9.7 million for the full 2022 fiscal year, more than a ~160% increase over the comparable 2021 period; Increased producing royalty asset count to seven (five at the end of 2021) during the year, with the Q2 acquisition of the Wonmunna royalty and the commencement of production at Otto Bore in Q4; Achieved full revenue payback on the Segilola gold royalty purchase price of C$900,000 during Q2, within 6 months of first royalty receipt; Commenced trading on the Nasdaq on October 10, 2022 and attended Times Square, New York on Monday January 9, 2023 to complete the ceremonial closing of the Nasdaq markets; Declared an inaugural quarterl...