Vox Royalty increases dividend by 20% to 1.5 cents

Executive Summary

• Vox Royalty Corp. has released its 2026 annual guidance, projecting a significant growth in royalty and net precious metal receipts of 70% to 90% year-over-year, totaling between $28 million and $32 million.
• The company announced a 20% increase in its quarterly dividend to 1.5 cents per common share, marking the fourth consecutive year of dividend growth.
• Key growth drivers for 2026 include a full year of gold deliveries from assets acquired in late 2025, consistent copper production from the Kanmantoo royalty, and regulatory expansion at the Binduli North gold mine.

Key Details

• 2026 Financial Guidance:
  • Expected royalty and net precious metal receipts: $28 million to $32 million.
  • Projected annual growth: 70% to 90% over 2025 levels.
  • Revenue timing: Greater proportion of receipts expected in the first half of 2026 due to increased deliveries in Q1 and Q2.
• Dividend Details:
  • Declared quarterly dividend: 1.5 cents per common share.
  • Increase: 20% over the previous quarter.
  • Payment Date: April 14, 2026.
  • Record Date: March 31, 2026.
  • Context: Fourth consecutive annual dividend increase.
  • Currency: Paid in Canadian dollars for Canadian residents based on the Bank of Canada exchange rate on March 31, 2026; subject to customary withholding tax for non-residents.
• Key Growth Assets & Operational Updates:
  • Global Gold Portfolio: Full year of gold metal deliveries expected from producing assets acquired on September 26, 2025.
  • Kanmantoo Copper Royalty: Acquired May 15, 2025; anticipated consistent quarterly revenue with copper production guidance of 12,750 to 14,000 tonnes for 2026.
  • Binduli North Gold Mine (Western Australia): Norton secured regulatory approval in July 2025 for a major expansion, increasing crushing and grinding capacity by 40% (from 5 million tonnes/year to 7 million tonnes/year), with a life-of-mine plan targeting up to 8 million tonnes/year over approximately nine years.
  • Potential New Revenue Streams: Anticipated first revenue from the Mount Ida royalty, Horseshoe Lights royalty, Castle Hill milestone payment, and Federation royalties throughout 2026.
• Portfolio Overview:
  • Holds a diversified portfolio of over 70 royalties and streams.
  • Includes 12 producing assets and 25 development-stage assets.
  • Primary exposure to gold, select base metals, and industrial metals in top-tier jurisdictions.

Notable Quotes

• Kyle Floyd, CEO: "We are excited to share our 2026 annual guidance, which reflects significant growth expected of 70 per cent to 90 per cent in annualized royalty and net precious metal receipts. We are also proud to reaffirm our commitment to returning capital to shareholders, highlighted by a 20-per-cent increase to our quarterly dividend, marking our fourth consecutive year of dividend growth. In the months ahead, we expect meaningful organic progress across our growing asset portfolio, including the anticipated first revenue from multiple royalties expected throughout 2026."