Vox Royalty Reports Q3 2024 Financial Performance and Announces Dividend

Vox Royalty Corp., a mining royalty company, released its third-quarter 2024 financial results showcasing a boost in operating cashflow. The company observed a 55% rise in cash flows from operations reaching $2,112,168 compared to $1,359,501 in Q3 2023. Despite a 14% reduction in general and administration expenditures, revenue dropped to $2,428,809 due to the lack of the previous year's Puzzle Discovery Payment.

Production milestones were achieved at several mines, including record tonnage production at the Janet Ivy gold mine and Wonmunna iron ore mine. Additionally, first gold production was seen at the Bulong-Myhree royalty in Australia. The company announced a 9.1% increase in its quarterly dividend, set at $0.012 per share, payable in January 2025.

Vox held a strong balance sheet with $12,126,765 in cash and receivables and a working capital of $8,517,006. Despite a dip in net income, management showed optimism due to progress at Castle Hill and Plutonic East projects.