Vox Royalty Corp. Announces Q1 2024 Financial Results and Quarterly Dividend Increase

Vox Royalty Corp. reported significant financial results for Q1 2024, including a 142% increase in operational cash flows and vital changes in revenue streams. The Toronto-based mining royalty company, listed on both TSX and NASDAQ, shared details of a robust financial quarter ending March 31, 2024. The results reflected a transition in revenue owing to the Segilola gold royalty reaching its $3.5 million cap, leading to a slight decline in revenue compared to Q1 2023.

The company reported a net loss of $241,387 for Q1 2024, reduced from a larger loss in the same quarter the previous year. Operational advancements included a new credit agreement with the Bank of Montreal for a $15 million secured revolving credit facility, adding financial flexibility. Vox also announced a 9.1% increase in quarterly dividends to $0.012 per share, emphasizing its shareholder return strategy, along with a new dividend reinvestment plan and a share repurchase program.