Vox Royalty Corp. (VOXR, Financial) has reported noteworthy advancements in its Western Australian gold royalties, courtesy of its partners Black Cat Syndicate, Norwest Minerals, and Evolution Mining. These developments signal positive growth potential for Vox's gold portfolio.
Black Cat Syndicate has made significant progress by pouring the first gold at its recently acquired Lakewood mill. Furthermore, it secured approval for underground mining operations at the Myhree site, reinforcing its strategy to accelerate gold production.
Norwest Minerals achieved a crucial milestone by obtaining a mining lease for approximately 2,400 hectares at the Bulgera Gold Project. This move paves the way for near-term development prospects, with plans to evaluate the economic viability of transporting stockpiled mineralized material to a nearby gold processing facility.
Meanwhile, Evolution Mining has started mining activities at the Castle Hill deposit. The company also commenced the commissioning of its Mungari mill expansion, which occurred nearly nine months ahead of schedule. This development, carried out below budget, includes setting up an advanced haul road, further supporting operational efficiency.
These significant developments underscore the growing momentum in Vox Royalty's Western Australian gold operations, suggesting a positive outlook for immediate and medium-term revenue growth. The strategic progress made by Black Cat, Norwest, and Evolution highlights the robust potential within Vox's gold royalty portfolio.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Vox Royalty Corp (VOXR, Financial) is $4.33 with a high estimate of $6.00 and a low estimate of $3.30. The average target implies an upside of 21.83% from the current price of $3.55. More detailed estimate data can be found on the Vox Royalty Corp (VOXR) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Vox Royalty Corp's (VOXR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vox Royalty Corp (VOXR, Financial) in one year is $3.18, suggesting a downside of 10.42% from the current price of $3.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vox Royalty Corp (VOXR) Summary page.
