Vox Royalty Reports Red Hill Gold Resource Upgrade and Mill Expansion Progress

An announcement from Vox Royalty ( (TSE:VOXR) ) is now available.

Vox Royalty Corp. announced a significant update regarding the Red Hill gold project in Western Australia, highlighting a resource upgrade and progress in mill expansion by its partner, Northern Star Resources. The update includes an increase in mineral resources and reserves, with Northern Star planning to process Red Hill ore through its expanded Fimiston mill, positioning Red Hill as a priority feed source. This development underscores the project’s potential impact on Vox’s royalty revenue and strengthens its strategic position within the mining industry.

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 that focuses on generating returns from its portfolio of royalties. The company is involved in the mining industry, primarily dealing with royalty interests in gold and other precious metals projects. Vox Royalty’s market focus includes leveraging its royalty agreements to benefit from the production and development of mining projects, such as the Red Hill gold project in Western Australia.

Average Trading Volume: 14,245

Technical Sentiment Signal: Buy

Current Market Cap: C$238.5M

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