11:35 AM EST, 03/05/2024 (MT Newswires) -- Vox Royalty Corp. ( VOXR ) , a returns-focused mining royalty company, that saw its shares gain 2.4% on the TSX yesterday, was at last look on Tuesday down 2% after reporting recent development and exploration updates from its royalty operating partners.
The company said it sourced key royalty project updates from Kalamazoo Resources Ltd., Silver Mines Ltd., and Orla Mining Ltd. public disclosures.
Kalamazoo and De Grey Mining Ltd. entered into an option agreement for De Grey to buy the past-producing Ashburton Gold Project for A$33 million, with the potential to truck a high-grade Ashburton gold concentrate to De Grey's Hemi plant.
Also, Silver Mines completed a capital raise of A$10 million. Silver Mines also reported key Bowdens catalysts for 2024, which include an optimization study and final investment decision, expected in mid-2024. The potential development is expected to begin later this year.
Separately, Orla reported a C$20 million work program for the South Railroad gold project in Nevada in 2024 and completed the first full year of exploration following its corporate acquisition of Gold Standard Ventures Corp. in August 2022.
Among other highlights, Vox said Genesis Minerals Ltd. bought the Bruno-Lewis and Raeside gold deposits from Kin Mining NL, which make up a large portion of the Cardinia Gold Project, as a potential source of supplemental feed for the restart of the idled Laverton mill.
Price: 2.51, Change: -0.05, Percent Change: -1.95