Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Royalty Company Acquires North American Portfolio
News Update

Share on Stocktwits


This set takes the number of assets Vox Royalty purchased since January 2019 to 40.

Vox Royalty Corp. (VOX:TSX.V) announced in a news release it entered an agreement to acquire the rights of up to eight royalties from Breakwater Resources and some of its affiliates for up to CA$980,000, comprised of up to CA$455,000 in cash and CA$525,000 worth of Vox shares. The deal is expected to close 70 days after the signing.

"Vox is very excited to acquire this high quality North American royalty portfolio with Tier 1 operating partners such as Agnico Eagle, Alamos Gold and Hecla. These royalty assets are some of the most interesting and prospective that Vox has acquired to date, including the third largest copper/silver project in the USA, the shovel-ready Lynn Lake gold project in Manitoba and the West Malartic royalty that is 10km northwest along the Larder-Cadillac Break from the largest open pit gold mine in Canada," Vox Royalty Executive Vice President of North America Spencer Cole said in the release.

"When this transaction closes, we will have successfully grown our royalty portfolio by over 40 assets since January 2019. Based on the technical studies and five resource estimates on royalty claims, we see strong potential for meaningful cash flow generation from this portfolio," Cole added.

The portfolio consists of precious and base metals royalties on this mix of exploration and development-stage assets:

Montanore in Montana: The royalty is for US$0.20 per ton of production from the third largest copper-silver project in the U.S. A resource estimate and a preliminary economic assessment were done in 2018 and 2011, respectively. The operator is USA Development.

Lynn Lake-MacLellan in Manitoba: The royalty is for 2% of gross proceeds from this feasibility-stage gold project in a past-producing gold camp. Alamos Gold is the operator.

Lynn Lake (nickel) in Manitoba: The royalty is for 2% of gross proceeds. Corazon Mining is the operator.

Kenbridge (nickel-copper) in Ontario: This is a 1% net smelter returns (NSR) royalty with a CA$1.5 million buyback option. A resource estimate and PEA on this nickel deposit were updated in 2010. Tartisan Nickel is the operator.

Estrades in Quebec (Au-Zn-Cu-Ag-Pb): The royalty is for 2–3% of NSR on this past-producing mine. The operator Galway Metals updated the resource estimate in 2018.

West Malartic (Chibex South) in Quebec (gold): The royalty is for 0.66% of NSR on this exploration-stage project that includes two past-producing mines. Agnico Eagle is the operator.

Eau-Jaune in Quebec (gold): This is a 2% NSR royalty with a 1% buyback option for CA$1 million. The operator is 9199-0382 Québec Inc.

Kudz Ze Kayah (Toe-On) (gold) in the Yukon: This is a 0.45% NSR royalty. BMC Minerals is the operator.

The company stated that these new royalties diversify Vox's portfolio and strengthen its low geopolitical risk as more than 75% of the company's assets are in Canada, the U.S. and Australia.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Vox Royalty. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Vox Royalty, a company mentioned in this article.

Want to read more about Gold, Base Metals and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe