Northwire Canada EditionTuesday, July 14, 2026
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TLO 5.94 +11.9% ADE 0.135 +0.0% FAIR 0.055 +22.2% SVRS 0.425 −1.2% RES 0.035 +0.0% CYG 0.120 +0.0% MGG 0.315 −4.5% BUFF 0.770 +2.7% TKO 11.24 +12.8% MINK 0.100 −4.8% LCE 0.240 −4.0% AEF 0.165 +3.1% BEM 0.095 +5.6% APMI 0.120 +0.0% LIO 0.135 +3.9% TLO 5.94 +11.9% ADE 0.135 +0.0% FAIR 0.055 +22.2% SVRS 0.425 −1.2% RES 0.035 +0.0% CYG 0.120 +0.0% MGG 0.315 −4.5% BUFF 0.770 +2.7% TKO 11.24 +12.8% MINK 0.100 −4.8% LCE 0.240 −4.0% AEF 0.165 +3.1% BEM 0.095 +5.6% APMI 0.120 +0.0% LIO 0.135 +3.9%
Earnings Material +

Vox Royalty Reports Record 2025 Results

High-Margin Growth Engine Hits Record Receipts as Tier-1 Asset Exposure Scales

By The Northwire Desk — AI Analysis Mar 30, 2026 · 16:30 VOXR · 6.72 Vox Royalty Corp.
Executive Summary

The most recent news (March 30, 2026) confirms that Vox Royalty achieved record financial results for the full year 2025. Key highlights include: - Record Receipts: Total royalty and net precious-metal receipts of $16.6M, a 51% increase over 2024 ($11M). - Profitability Surge: Adjusted EBITDA more than doubled to $9.3M ($0.17/share) from $4.6M ($0.09/share). - Q4 Momentum: The final quarter of 2025 was exceptionally strong, contributing $7.4M in receipts (nearly 45% of the annual total), driven by the commencement of net precious-metal income ($4.4M in Q4 alone). - Debt Elimination: The company fully repaid its revolving credit facility during 2025, entering 2026 with a clean balance sheet. - Strategic Milestone: Inclusion in the VanEck Junior Gold Miners ETF (GDXJ) effective March 2026, significantly increasing institutional visibility.

Material Impact

The impact is Material - Positive. While the preliminary numbers were teased in February, the finalized annual report confirms a massive inflection point in the company’s cash-flow profile. - Operational De-risking: The restructuring of the Brazilian offtake into the Greenstone Gold Mine (Ontario) is a "game-changer" move, shifting exposure from secondary assets to a Tier-1 Canadian jurisdiction. - Guidance Confidence: The 2025 beat provides high credibility to the 2026 guidance of $28M–$32M in receipts (70%–90% growth). - Dividend Growth: A 20% increase in the quarterly dividend ($0.015) signals management's confidence in the sustainability of these record cash flows. - Institutional Inflow: GDXJ inclusion creates a structural "buy" force for the stock that did not exist in 2025.

VOXR · Price
Company Overview

Vox Royalty is a high-growth royalty and streaming company with over 70 assets. - Flagship Exposure: The Greenstone Gold Mine (Ontario) has become the primary driver. Following the January 2026 restructuring, Vox holds a 29% refined gold offtake stream (capped at ~226k oz). - Secondary Drivers: The Stockman Project (Copper-Gold, Australia) and Wyloo North (Iron Ore, Australia) provide commodity diversification.

Read the original news release →

More from Vox Royalty Corp.

Jun 29, 2026 · 09:00

Vox’s Los Filos restart de-risks the stream ahead of production, though execution risks remain.

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M&A / Property Jun 23, 2026 · 09:00

Vox’s 16x return on its Federation royalty flip underscores disciplined capital allocation despite lacking transformative scale.

M&A / Property Jun 11, 2026 · 09:00

Vox’s 50% gold stream from the Bonikro mine will deliver 60koz annually for a decade after the mine’s life extends to 2036.

M&A / Property May 13, 2026 · 17:05

Vox’s Record Quarter Fuels Guidance Hike, but One-Time Revaluation Gain May Eclipse Core Profitability

Earnings Mar 16, 2026 · 06:00

High-Margin Growth Engine Hits Overdrive with Transformational Gold Portfolio and ETF Inclusion

Other