Vox Royalty Highlights Significant Gold Offtake-Stream Exposure to Los Filos Following Key Milestone Announcement

Equinox Gold Corp. has signed 20-year land access agreements with local communities at Carrizalillo, Mezcala, and Xochipala for its Los Filos mine in Mexico. These agreements provide surface access and establish labor and supply policies, enabling Equinox to plan a phased restart of heap leach operations and advance technical studies for expansion, including a potential CIL facility.

Vox Royalty Corp. holds a 50% gold offtake-stream on Los Filos, capped at 1,100,000 ounces. Approximately 512,000 ounces had been delivered to prior holders as of Dec 31, 2024, leaving ~588,000 ounces of remaining capacity for Vox. A restart could unlock annual deliveries of up to ~140,000 ounces for Vox, based on Equinox's target of 280,000 ounces annually.

Mineral reserves stand at 5.4 million ounces of gold (June 30, 2022 estimate), with 7.9 million ounces in M&I and 3.2 million ounces inferred. The 2022 technical report used a $1,450/oz gold price assumption; management notes current prices improve project economics. Restart activities include environmental remediation, permitting, workforce rehiring, and supplier negotiations.

Vox Royalty Corp. (VOXR) announced a development that secures long-term community access for the Los Filos mine, a known prerequisite for mine restarts in Mexico. The company described the restart as occurring "in the coming years," with no specific production start date or capital expenditure commitment disclosed.

The announcement does not change near-term cash flows, production volumes, or financial guidance. The stock’s recent decline from $8.62 on May 13 to $6.94 on June 26 suggests the market has already priced in the lack of immediate catalysts.

Vox Royalty Corp. is a royalty and streaming company focused on acquiring and managing a diversified portfolio of more than 70 assets globally. Its business model centers on maximizing risk-adjusted returns through proprietary deal sourcing, leveraging a database of more than 8,500 royalties, and targeting producing or near-term producing assets.

Commodity exposure is primarily gold, which accounts for approximately 92% of 2026 deliveries, with select base metals such as copper and iron ore, as well as industrial metals. Key producing assets include Bonikro in Côte d'Ivoire, Greenstone in Canada, Blyvoor in South Africa, and Kanmantoo and Janet Ivy in Australia. The company completed the acquisition of the Deterra Global Gold Portfolio in September 2025, adding 10 offtake and royalty assets across 12 mines in eight jurisdictions.