Vox Royalty announces record 1Q revenue on first Koolyanobbing royalty payment

Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) reported record first-quarter 2021 revenue of US$539,980, as the company received initial revenue from its Koolyanobbing iron ore royalty in Australia.  Vox also said it ended the quarter with about US$10.7 million in cash as of March 31.  “The first quarter of 2021 marked another milestone for Vox as it reported record revenues. The company is well on track to achieve its previously announced 2021 royalty revenue guidance of C$1.7M to C$2.5M,” Vox Royalty CEO Kyle Floyd said in a statement.  READ: Vox Royalty rapidly grows its portfolio of low-risk mining assets backed by cash and management experience “The embedded organic growth in our portfolio of 50 royalty assets continues to build. Every month our shareholders are benefiting from exploration successes, fast-tracking of development and production increases on our royalty properties,” Floyd added.  “The coming quarters have strong potential to be the most productive in Vox's seven-year history.” As well, the company realized a gross profit of US$479,271 during the period as it completed three portfolio transactions to acquire an additional 10 royalties.     Vox noted that it ended the quarter with working capital of US$9,117,150 and total assets of US$29,024,889. Toronto-based Vox Royalty holds a portfolio of over 50 royalties and streaming assets in Australia, Canada, Peru, Brazil, Mexico, the US, Madagascar and Nigeria. It has 35 operating partners. About three-quarters of its assets are located in Australia and are mainly precious metals, at over 50% of its net asset value.    Contact Sean at sean@proactiveinvestors.com