Analysts upbeat on Vox Royalty Corp s Nevada acquisition
Proactive research analyst Ryan Long joined Stephen Gunnion to discuss Vox Royalty Corp s (CVE:VOX) (OTCMKTS:VOXCF) planned US$1.98 million acquisition of a royalty on part of Gold Standard Ventures Corp s (TSE:GSV) (NYSEAMERICAN:GSV) Railroad-Pinion gold project, which sits on the prolific Carlin Trend in Nevada.
The project is advancing towards the completion of a feasibility study and a subsequent construction decision.
Long telling Proactive that during the development phase, Vox will generate cash flow from the asset, with payments increasing substantially once the mine is gets into production.
Vox Royalty lines up accretive royalty deal in Nevada
Vox Royalty (CVE:VOX) has entered into a binding agreement to acquire an effective aggregate 0.633% net smelter returns royalty on part of Gold Standard Ventures Corp s (CVE.GSV) Railroad-Pinion Gold Project.
The Railroad-Pinion Gold Project is located on the prolific Carlin Trend in Elko County, Nevada. The Carlin Trend has historically produced >80Moz of gold historically. Vox is acquiring the royalty from a legacy family of ranchers for a total cash consideration of US$1.98mln.
Vox is expected to begin realising revenue immediately after the close of the transaction, due June 30, as the royalty has associated advance minimum royalty payments of over C$120,000 per annum.
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Vox Royalty shares update on busy period for its portfolio of royalty assets
Drilling by operators at two projects resulted in high-grade gold intercepts, including a maiden resource estimate at the Kookynie project Vox holds a portfolio of 50 royalties and streams across nine jurisdictions
Vox Royalty Corp (CVE:VOX) updated shareholders on a busy – and fruitful – period of activity in its portfolio of royalty properties.
Drilling by operators at two projects resulted in high-grade gold intercepts, including a maiden resource estimate at the Kookynie project. Since April 1, 2021, our royalty operating partners have announced more than 80,000 metres of drilling planned for 2021 and that multiple resource updates and new engineering studies are expected to be released – all of which continue to de-risk future royalty revenue for Vox shareholders,” executive vice president Riaan Esterhuizen said in a statement.