Vox Royalty sees Q1 revenue $3.58M vs. $1.47M last year

Record quarterly revenue of $3,580,000 was largely driven by royalty revenue from the Company’s Wonmunna and Koolyanobbing iron ore royalties in Australia, as well as its Segilola gold royalty in Nigeria. Royalty revenue for the quarter also benefitted from strong iron ore prices during the period. These preliminary results should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements for the three-month period ended March 31, 2023, as and when released. Kyle Floyd, Chief Executive Officer stated: "We are thrilled to announce record preliminary quarterly revenue of nearly $3.6M, which is equivalent to our annual royalty revenue for the full 2021 fiscal year. The Vox royalty portfolio continues to outperform management’s high expectations, underpinned by growing royalty revenue from Western Australia. We look forward to building on this strong momentum in the coming quarters with significant potential upside linked to expansions of existing operations and new mine developments. We are also pleased to share revenue guidance of $11M – $13M for 2023, building on the strength of over 160% annual growth in 2022 royalty receipts, which reflects the ongoing embedded growth in Vox’s royalty portfolio."