GDX higher , can VOX Royalty benefit
In 2021 Vox set out ambitious corporate targets for the year with an aim to grow and acquire additional NAV-accretive royalties.
By February Vox Royalty announced that it had agreed to acquire a Western Australian gold royalty portfolio from Gibb River Diamonds Ltd for A$325,000 in cash. With a total of 31 Australian royalties, Vox is now the second-largest publicly traded holder of royalty interests in Australia by royalty count, behind Franco Nevada Corporation.
Vox's gold royalty portfolio includes three advanced exploration gold royalties in Western Australia. The royalties include a 1% Net Smelter Return (NSR) royalty over the Bulgera Gold project operated by Norwest Mineral Ltd, a 1% NSR over the Comet Gold Project operated by Accelerate Resources Ltd, and a 1% NSR over the Mount Monger Gold Project operated by Accelerate and subject to a binding option agreement with Mt Monger Minerals Pty Ltd.
The Bulgera Gold deposit has an estimated resource of 93,880 gold ounces at 1.0 g/t.
With precious metals miners showing a positive reaction to the US10 year yields being capped under 1.7% currently, plus the weakening US dollar there is a real chance that producers ramp up production as prices of the yellow metal appreciate. 2k Gold seems to be the sweet spot for a lot of evaluations around the miners but there is sentiment building that the economy and monetary policy are going to be very supportive of traditional stores of wealth.
By February Vox Royalty announced that it had agreed to acquire a Western Australian gold royalty portfolio from Gibb River Diamonds Ltd for A$325,000 in cash. With a total of 31 Australian royalties, Vox is now the second-largest publicly traded holder of royalty interests in Australia by royalty count, behind Franco Nevada Corporation.
Vox's gold royalty portfolio includes three advanced exploration gold royalties in Western Australia. The royalties include a 1% Net Smelter Return (NSR) royalty over the Bulgera Gold project operated by Norwest Mineral Ltd, a 1% NSR over the Comet Gold Project operated by Accelerate Resources Ltd, and a 1% NSR over the Mount Monger Gold Project operated by Accelerate and subject to a binding option agreement with Mt Monger Minerals Pty Ltd.
The Bulgera Gold deposit has an estimated resource of 93,880 gold ounces at 1.0 g/t.
With precious metals miners showing a positive reaction to the US10 year yields being capped under 1.7% currently, plus the weakening US dollar there is a real chance that producers ramp up production as prices of the yellow metal appreciate. 2k Gold seems to be the sweet spot for a lot of evaluations around the miners but there is sentiment building that the economy and monetary policy are going to be very supportive of traditional stores of wealth.
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