Business
Vox Royalty Receives First Royalty Payment From Segilola Gold Project
TORONTO, Feb. 10, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, Feb. 10, 2022 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to announce that it has received its maiden monthly royalty payment of approximately C$116,750 (US$92,100)(1) from a subsidiary of Thor Explorations Ltd. (TSXV: THX) (\"Thor\"). Kyle Floyd, Chief Executive Officer stated: \"We are thrilled to share this major first royalty revenue milestone from Segilola with Vox shareholders. Based on production estimates from Thor, we expect that this royalty has the potential to generate revenue almost five times Vox's initial investment of C$900,000 within a span of three years. Thor management are to be congratulated for successfully constructing and commissioning Nigeria's first commercial gold mine, particularly given the unprecedented supply chain challenges for greenfield mining development projects.\" Highlights Received inaugural royalty revenues of US$92,100 from exported sales of gold and payable silver by-product credits in December 2021 at the Segilola Gold Project; On January 10, 2022, Thor announced that it expects production for Q1 2022 of 20,000 to 22,000 ounces of gold and full year 2022 production of 80,000 to 100,000 ounces of gold; Thor previously announced that Segilola achieved commercial production on October 5, 2021; and Sales are expected to increase in future months as Segilola continues to operate and export at steady state rates. About Vox Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties. Further information on Vox can be found at www.voxroyalty.com. Cautionary Note Regarding Forward Looking Information This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or p...