- Vox (VOX) has released its operating and financial results for the second quarter ended June 30, 2022
- Highlights include record Q2 and year-to-date royalty receipts
- Record gross profit of $1,444,878 and $2,609,171 for the three and six months ended June 30, 2022
- CEO Kyle Floyd sat down with Sabrina Cuthbert to discuss the results
- Vox is a precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions
- Vox Royalty Corp (VOX) opened trading at $2.95
Vox (VOX) has announced its operating and financial results for the second quarter ended June 30, 2022.
Q2 highlights:
- Record Q2 royalty receipts of $3,165,030
- Record year-to-date royalty receipts of $4,636,049
- Record year-to-date revenues of $3,221,773, a 74 per cent over the comparable period of last year
- Record gross profit of $1,444,878 and $2,609,171 for the three and six months ended June 30, 2022
- Completed the acquisition of six royalties during Q2 2022, including the producing Wonmunna royalty asset
- Achieved full revenue payback on the Segilola gold royalty purchase price of C$900,000 during the quarter, within 6 months of first royalty receipt
- Strong balance sheet position at quarter end, including:
- Cash and accounts receivable of $4,747,167
- Working capital of $2,916,911
- Total assets of $39,805,541
- Purchased and cancelled 70,100 common shares during the six months ended June 30, 2022
CEO Kyle Floyd sat down with Sabrina Cuthbert to discuss the results.
“We are excited to announce record quarterly royalty receipts, record quarterly revenues, record gross profit and full payback of the Segilola royalty investment within six months of first royalty receipt. Vox’s royalty portfolio continues to develop beyond management expectations particularly in terms of revenue growth and timeline, with numerous assets in construction and others rapidly approaching investment decisions. The acquisition of six new royalties during the quarter covering world-class gold, PGM, iron ore and copper orebodies continues to demonstrate Vox’s commitment to growth at reasonable prices. The business fundamentals and outlook for Vox have never been stronger.”
Vox is a precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions.
Vox Royalty Corp (VOX) opened trading at C$2.95.