What Vox Royalty does

Vox Royalty Corp. (NASDAQ:VOXR | TSX:VOXR) is a returns-focused mining royalty and streaming company founded in 2014, headquartered in Westminster, Colorado with a registered office in Toronto, Ontario. The company generates revenue through royalty and streaming interests on third-party mining properties rather than operating mines, holding a portfolio of more than 70 royalties and streams across producing, development, and exploration stage assets in top-tier mining jurisdictions spanning four continents. Approximately 67% of assets are located in Australia and 20% in Canada and the United States, with precious metals comprising over 70% of NAV-weighted exposure and additional exposure to copper, battery metals, and bulk commodities.

The company's core technology asset is a proprietary database of over 8,500 global royalties compiled over nearly a decade and acquired as part of the Mineral Royalties Online (MRO) acquisition in 2020. This database underpins unique proprietary transaction sourcing, supported by a stated 48-hour due diligence turnaround for potential royalty referrals. The business operates with a capital-light structure of 1-10 employees, with deal execution driven by a senior team with more than 50 years of royalty-specific experience and involvement in over $1.5B of royalty and $3.0B of mining transactions. Revenue is generated through net smelter return (NSR) royalties, gross revenue royalties (GRR), and gold offtake-stream arrangements such as the 50% uncapped Bonikro stream (Allied Gold) and the restructured Greenstone offtake (Equinox Gold).

Vox's go-to-market centers on direct bilateral transactions with mining operators seeking to monetize non-core royalties, alongside new royalty origination through project funding and tenement fee payments. Counterparties include Allied Gold, Equinox Gold, Northern Star Resources, Evolution Mining, i-80 Gold, and other mid-tier and senior miners. Capital is raised through public equity offerings (including a $55M raise in September 2025 to fund the Deterra Royalties acquisition) and debt facilities (a BMO-led revolving credit facility, fully repaid by early 2026). The company is included in the Russell 2000/3000 Indexes, the MVIS Global Junior Gold Miners Index, and the VanEck Junior Gold Miners ETF (GDXJ).

Name

Vox Royalty

Legal name

Vox Royalty Corp.

Website

https://voxroyalty.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Vox Royalty is a returns-focused mining royalty and streaming company that generates revenue from over 70 royalty and stream interests on third-party mining properties, primarily serving precious metals mining operators seeking capital or asset monetization.

Ownership category

akta.pro rank

Product category

Mining Royalty and Streaming

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (5331)

SIC

Mineral Royalty Traders (6795)

akta.pro primary industry

Precious Metals Streaming, Royalties & Offtake (IMAKAEAF)

akta.pro secondary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Mining royalty interests
• Precious metals streaming
• Gold royalty portfolio
• Royalty acquisition financing
• Mining streaming company

Headquarters

HQ city

George Town

HQ country

Cayman Islands

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Royalty Income: Vox generates revenue through royalty interests on mining properties, receiving payments based on production, revenue, or net smelter returns from mining operators across its portfolio of over 70 royalties and streams spanning gold, silver, copper, and other metals.
2. Streaming Income: Vox holds streaming agreements (e.g., 50% uncapped gold offtake-stream on Bonikro, 29% delivery cap on Greenstone) providing a share of gold production or proceeds from mining operations, delivering recurring revenue tied to commodity prices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Vox Royalty acquires and holds royalty and streaming interests on third-party mining properties, earning revenue based on production, revenue, or net smelter returns from operators across a portfolio of more than 70 royalties and streams. Its offerings include net smelter return (NSR) royalties, gross revenue royalties (GRR), gold streaming agreements (e.g., 50% uncapped gold stream on Bonikro, 29% delivery-cap stream on Greenstone), and offtake contracts spanning gold, silver, copper, and other metals across producing, development, and exploration stage assets.

Product overview

Vox Royalty Corp. is a returns-focused mining royalty and streaming company that operates a single unified business model centered on acquiring and holding royalty and streaming interests on mining properties. The company does not operate mines; instead, it generates revenue through over 70 royalties and streams across producing, development, and exploration stage assets. The portfolio spans four continents with approximately 67% of assets in Australia and 20% in Canada and the United States. Vox's product offering consists of gold-weighted royalty instruments (including NSR, GRR, FOB Revenue arrangements), gold streaming agreements, and offtake contracts. The company targets top-tier mining jurisdictions and focuses on precious metals exposure, which comprises over 70% of portfolio weighting by NAV.

Differentiator

Problem solved

Functional benefit

Products and services

• Mining Royalties Portfolio A diversified portfolio of more than 70 mining royalties and streams across producing, development, and exploration stage assets in top-tier mining jurisdictions, with exposure to precious metals (gold, silver, platinum group metals), base metals (copper, zinc, lead), battery metals (nickel, cobalt), and bulk commodities (iron ore). Sold to investors via the publicly listed VOXR equity and serves as the underlying asset base for royalty and streaming revenue.
• Gold Streaming Agreements Streaming agreements that provide upfront financing to mining operators in exchange for ongoing deliveries of gold or other precious metals at preferential pricing. Examples include a 50% uncapped gold offtake-stream on Bonikro (Côte d'Ivoire) and a 29% delivery-cap stream on Greenstone (Canada). Acquired from mining operators seeking non-dilutive financing.
• Producing Mine Royalties

Quantifiable outcome

• 50% increase in royalty and net precious metal receipts in 2025 to $16.6M from $11M in 2024
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered minor, core and major.

• Aurelia Metals LtdminorStrategic or Co-development Partner · 23 June 2026Vox sold a capped 4.5% gold royalty on Federation property's Hera Tenement in New South Wales, Australia, acquired in February 2026, for A$8 million cash, generating a 16x return on invested capital over less than four months.
• Equinox Gold Corp.coreStrategic or Co-development Partner · 23 January 2026Vox restructured its gold offtake from Brazilian mines to the Greenstone mine in Ontario, Canada, covering approximately 226,000 oz with a production-linked stream of 29%, coinciding with Equinox's sale of Brazilian assets to CMOC Group. Vox also holds a 100% gold offtake up to a cap of 58.5koz per annum on Greenstone until March 2027.
• Deterra RoyaltiescoreStrategic or Co-development Partner · 23 September 2025Vox entered into agreements to acquire a global gold portfolio of ten assets from Deterra Royalties, covering twelve mines in eight jurisdictions, for total upfront consideration of $57.5 million plus deferred milestones. The transaction was funded through a public share offering and expanded credit facility. This represents Vox's largest acquisition, significantly increasing its revenue and asset base.
• Allied Gold CorporationcoreStrategic or Co-development Partner · 1 September 2025Vox holds a 50% uncapped gold offtake-stream on Allied Gold's Bonikro mine in Côte d'Ivoire. In June 2026, Allied Gold extended the Bonikro mine life to 2036, representing ~400% increase vs. the 2023 technical report, supporting average production of over 120,000 oz/year with potential deliveries to Vox of approximately 60,000 oz/year through 2036. The mine produced 100,678 oz in 2025, a 16% year-over-year increase. Allied Gold and Zijin Gold International are working toward completing a plan of arrangement by July 29, 2026.
• Northern Star Resources Ltd.coreStrategic or Co-development PartnerVox holds a 4.0% GRR on Red Hill gold deposit (part of Northern Star's Kalgoorlie Operations in Western Australia), with Northern Star's KCGM Mill Expansion Project on track for FY27 commissioning. Vox also holds a 2.5% NSR on Otto Bore.
• CMOC GroupmajorStrategic or Co-development PartnerCMOC Group (China Molybdenum) is acquiring Equinox Gold's Brazilian assets (where Vox held its prior 35% gold offtake), prompting Vox's restructuring of its Brazilian gold offtake to the Greenstone mine in Canada.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Maverix Metals: A smaller royalty and streaming company focused on acquiring precious metals royalties from major producers. Maverix is a sub-scale comparable operating in the same precious-metals royalty niche, with a similar focus on acquiring royalties from operators looking to monetize non-core assets.
• EMX Royalty Corporation: A royalty company with a globally diversified portfolio of precious and base metal royalties, including significant exposure to exploration-stage royalties. EMX is an adjacent comparable given its royalty model and emphasis on exploration-stage optionality, though it spans more commodities than Vox's gold-weighted focus.

Direct peers

• Royal Gold, Inc. A leading precious metals royalty and streaming company with a portfolio focused on gold, silver, copper, and other metals. Royal Gold's diversified, North-America-weighted portfolio and history of accretive M&A (e.g., the IAMGOLD royalty transactions) closely mirror Vox's growth playbook.
• Osisko Gold Royalties: A mid-tier precious metals royalty company with significant exposure to Canadian and North American gold assets and a royalty/streaming portfolio of comparable scale to Vox. Osisko is a direct comparable on portfolio composition, jurisdiction mix (Canada-heavy), and capital-allocation strategy.
• Wheaton Precious Metals: The largest pure precious metals streaming company, holding streaming agreements on gold, silver, palladium, and cobalt production globally. Wheaton is a direct comparable to Vox's gold-streaming model (e.g., Bonikro, Greenstone) and demonstrates the scale and multiple profile achievable in the streaming sub-segment.
• Gold Royalty Corp. A junior gold royalty company building a portfolio of royalty interests on gold projects in North America. Gold Royalty is a relevant smaller-scale comparable given its growth-via-acquisition model and similar gold-weighted exposure.
• Triple Flag Precious Metals: A growth-oriented precious metals streaming and royalty company with a gold-weighted portfolio across the Americas, Africa, and Australia. Triple Flag's focus on streaming economics and recent equity issuance to fund accretive deals closely parallels Vox's recent Deterra-funded growth strategy.
• Franco-Nevada Corporation: The world's largest precious metals royalty and streaming company with a diversified gold-weighted portfolio across multiple continents. Franco-Nevada is the gold-standard benchmark for the royalty/streaming business model Vox Royalty pursues, and trades at premium multiples (typically 25-35x EBITDA) that anchor valuation for the entire sector.
• Sandstorm Gold: A gold royalty and streaming company with a diversified portfolio of producing and development-stage assets. Sandstorm's hybrid royalty/streaming model and active M&A program make it a relevant comparable for Vox's growth-via-acquisition approach.
• Metalla Royalty & Streaming: A growth-focused royalty and streaming company that acquires and holds precious metals royalties, primarily in the Americas. Metalla's smaller-scale, equity-issuance-funded acquisition strategy closely mirrors Vox's pre-Deterra growth profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/vox_royalty
• Facebookfacebook.com/VOXRoyalty
• LinkedInlinkedin.com/company/voxroyalty

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vox Royalty