Vox Royalty Expands Portfolio with Kanmantoo Copper-Gold Royalty Acquisition

Vox Royalty ( (TSE:VOXR) ) has shared an announcement.

Vox Royalty Corp. has acquired a cash-flowing royalty over the Kanmantoo copper-gold mine in South Australia for $11.7 million, financed through its credit facility with Bank of Montreal. This acquisition is expected to generate over $3 million in annualized royalty revenue based on Hillgrove Resources’ production forecasts. The Kanmantoo mine, which has transitioned from open-pit to underground operations, offers significant growth potential with a 60% latent capacity in its processing plant and a substantial exploration target, enhancing Vox’s portfolio and providing immediate copper revenue exposure.

The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.

Spark’s Take on TSE:VOXR Stock

According to Spark, TipRanks’ AI Analyst, TSE:VOXR is a Neutral.

Vox Royalty’s overall stock score reflects strong revenue growth and strategic developments, supported by a solid balance sheet and positive technical trends. However, the negative net income and high P/E ratio present valuation concerns. Continued improvement in profitability and strategic execution are crucial for enhancing the overall performance.

To see Spark’s full report on TSE:VOXR stock, click here.

More about Vox Royalty

Vox Royalty Corp. is a mining royalty company focused on acquiring and managing royalties in the mining industry. The company primarily deals with royalties related to precious and base metals, with a significant emphasis on assets located in Australia, a top-ranked mining jurisdiction.

Average Trading Volume: 13,272

Technical Sentiment Signal: Buy

Current Market Cap: C$219.8M

For an in-depth examination of VOXR stock, go to TipRanks’ Stock Analysis page.