Vox Royalty swings to Q2 profit on stream revaluation gain

Vox Royalty

12/08/2026 22:20

Overview
US mining royalty firm's Q2 net income rose sharply year-over-year
Adjusted EBITDA for Q2 increased to $9.7 mln from $1.1 mln a year earlier
Company declared a quarterly dividend of $0.015 per share

Outlook
Vox reiterates 2026 royalty and net precious metal receipts guidance of $32 mln to $37 mln
Company expects 2026 receipts to be weighted toward 1H due to higher gold deliveries

Result Drivers
REVALUATION GAIN - Co said portfolio revaluation gain of $11 mln was driven by Los Filos community milestones and Bonikro mine life extension
ASSET DIVESTMENTS - Co said two opportunistic divestments of capped assets generated 14x and 2x returns over holding periods of 3 months and 9 months for Federation royalty and i-80 offtake stream, respectively
PORTFOLIO DEVELOPMENTS - Co cited material organic developments such as 20-year land access agreement at Los Filos and anticipated ~400% life of mine production increase at Bonikro gold mine

Company press release: ID:nACSgHc3Ca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.25
 
Q2 Net Income
 
$17 mln
 
Q2 Gross Profit
 
$4.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Vox Royalty Corp is C$10.00, about 37.9% above its August 11 closing price of C$7.25
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 45 three months ago

Reuters Recommended Reads
Aug 11 - Gold royalty firm Franco-Nevada's Q2 results miss estimates
Aug 10 - Canada's Altius Minerals Q2 royalty revenue more than doubles on higher commodity prices
Aug 10 - Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)