Vox Royalty Corp.

VOXR · TSX VOXR · NASDAQ

voxroyalty

$362.1M

USD

Market cap · 2026–08 · week 33

🇺🇸 United States, Westminster

Country

Royalties & Streaming

Sector

Gold · Junior / Minor · Royalty · Canada · USA · Australia

Last updated 21 June 2026

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Overview: Vox Royalty Corp. is a junior mining royalty and streaming company headquartered in Westminster, Colorado, with a portfolio of over 70 royalties and streams across Australia, North America, South America, and Africa. The portfolio composition includes 12 producing assets and 24 development-stage assets. Key assets include Greenstone, Bonikro, Sugar Zone, and Wonmunna. The business model focuses on acquiring existing third-party royalties and streams to provide investors with direct exposure to commodity-price optionality while minimizing the fixed operating, exploration, and development costs associated with direct ownership and operation of mining projects. A defining competitive characteristic is the company's proprietary database of over 8,500 mining royalties, which accelerates the execution of its focused strategic plan. The combination of producing and development royalties and streams supports a diversified, optionality-rich income model. This data-driven approach underpins the company's deal-sourcing advantage. The business remains subject to commodity price cycles and the operational performance of third-party operators. The proprietary royalty database differentiates the company's deal-sourcing among its peers.

Strategy: Strategic focus centers on portfolio enhancement through the acquisition of existing third-party royalties and streams on producing or near-term-producing assets. The enterprise intends to pursue acquisitions to unlock value through scale and diversification, using its proprietary database to identify opportunities. A core objective is to provide exposure to precious- and industrial-metals price optionality and a discovery option over large areas of geologically prospective lands. Capital allocation is prioritized to advance high-return growth opportunities, with a recent pivot to include metal streaming, evidenced by the transformational acquisition of a global gold portfolio comprising offtake-streaming contracts and royalties. The organization manages a diversified business in which a large number of assets can be managed with scalability. To fund this growth, the company uses a $40 million secured revolving credit facility with a $35 million accordion feature. This combination of database-driven acquisition, streaming expansion, and scalable management underpins the company's strategy. The producing royalties on Greenstone and Wonmunna anchor the company's near-term revenue. The pivot into streaming broadens the company's revenue model beyond royalties.

Management: Executive leadership is headed by Chief Executive Officer Kyle Floyd, who founded the company and previously held the position of Vice President at ROTH Capital Partners. The Board includes Lead Independent Director Rob Sckalor, who is co-founder and President of Capital Instincts, and W. Alastair McIntyre, Chief Executive Officer of Altiplano Metals Inc. The 5-member Board of Directors oversees corporate strategy through standing committees, including Audit, Compensation, Investment, and Governance and Nominating. Governance practices emphasize rigorous due diligence, disciplined investment criteria, and proactive portfolio monitoring. The leadership team's royalty-sector and capital-markets experience supports the company's database-driven acquisition strategy. The dedicated Investment Committee reflects the company's emphasis on disciplined transaction evaluation. Board oversight of governance matters reflects the financial and strategic dimensions of the company's royalty portfolio. This governance structure keeps capital discipline and disciplined investment central to executive accountability. The leadership team's royalty and capital-markets experience supports the company's acquisition strategy.

Sustainability: The organization's sustainability approach reflects its position as a royalty and streaming company without direct operating, exploration, or development activities at the mines underlying its interests. As part of its investment process, the company conducts due diligence on potential acquisitions, including consideration of the responsible operation of the underlying assets by their third-party operators. The enterprise focuses its sustainability approach on the quality of its counterparties' management of environmental and social matters, recognizing that responsible operation by operators supports the long-term performance of its royalty and stream interests. This counterparty-focused approach reflects the company's limited direct environmental footprint and its reliance on the operating practices of third parties. The integration of responsible-operation considerations into due diligence illustrates the company's responsible-investment approach. The focus on operators' practices anchors the company's approach to social-license and environmental risk in its portfolio. The lean, non-operating structure reflects the company's royalty-and-streaming model. The counterparty due diligence reflects the company's responsible-investment approach.

Structure: A significant structural change occurred in September 2025 when the company completed the acquisition of a global gold portfolio comprising 8 offtake-streaming contracts and 2 royalties from Deterra Royalties Limited. This transaction was funded through an overnight marketed public offering of 17,094,750 common shares raising approximately $63.25 million and an expansion of its revolving credit facility to $40 million. In November 2025, the company completed an internal reorganization resulting in the voluntary liquidation of SilverStream SEZC and the assignment of its assets to other corporate affiliates. The corporate structure includes wholly owned subsidiaries Vox Royalty Australia Pty Ltd., Vox Royalty Canada Ltd., and Vox Royalty Cayman SEZC. A strategic arrangement was established through an Intellectual Property Licensing Agreement with a private investment group in respect of certain coal royalties in the company's proprietary database. These arrangements expanded the company's streaming exposure and corporate structure. The global gold portfolio acquisition marked the company's pivot into metal streaming. The wholly owned subsidiaries hold the company's royalty interests across its operating regions.

Hedge: The company maintains an unhedged commodity, foreign-exchange, and interest-rate posture across its exposures. No commodity, foreign-exchange, or interest-rate hedges were outstanding as of December 31, 2025. The company receives and sells all stream and royalty deliveries at prevailing spot prices and holds operating cash balances in their natural functional currencies. This unhedged stance gives investors direct exposure to commodity prices through the company's royalty and streaming interests. As a royalty and streaming company without direct operating or capital cost obligations, the company manages its exposure through portfolio diversification rather than through a financial-derivative hedging program.

Source: Vox Royalty Corp. - Annual Information Form - 2025

Stream Operating · 2 projects

Bonikro

Asset · Stream · Operating

Cote Divoire, Gôh-Djiboua

Open project page

Project information

As at 31 December 2025

Type: Stream

Aggregation level: Asset

Status: Operating

Report standard: Ni 43 101

Ownership %: 0

Operator: No

Extraction: Open Pit

Country: Cote dIvoire

Region: Gôh-Djiboua

Interest conditions: 50% gold offtake (uncapped) after deducting other streamed ounces; Quotation period is six days.

Description

As at 31 December 2025

Vox life-of-mine gold stream on the Bonikro open-pit gold mine operated by Allied Gold in Côte d'Ivoire. Expected to deliver significant attributable gold annually based on Allied's 98-105 koz guidance.

Stream interests

Multiple effective dates · inclusive

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Reserves & resources — detail

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Greenstone

Asset · Stream · Operating

Canada, Ontario

Open project page

Project information

As at 30 June 2024

Type: Stream

Aggregation level: Asset

Status: Operating

Report standard: Ni 43 101

Ownership %: 0

Operator: No

Extraction: Open Pit

Country: Canada

Region: Ontario

Interest conditions: 100% of gold production up to a cap of 58,500 ounces per annum until March 2027; thereafter 29% of gold produced until an overall balance of 226,000 ounces have been delivered; Quotation period is six days.

Description

As at 30 June 2024

Vox life-of-mine gold stream on the Greenstone open-pit gold mine operated by Equinox Gold in Ontario, Canada. Expected to deliver 58.5 koz attributable gold annually until March 2027.

Stream interests

Multiple effective dates · exclusive

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Reserves & resources — detail

As at 30 June 2024

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Stream Development · 1 project

Sugar Zone

Asset · Stream · Development

Canada, Ontario

Open project page

Project information

As at 30 June 2025

Type: Stream

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Extraction: Underground

Country: Canada

Region: Ontario

Interest conditions: 80% gold offtake (capped at 961,250 oz Au).

Description

As at 30 June 2025

Vox life-of-mine gold stream on the Sugar Zone underground gold mine operated by Vault Minerals in Ontario, Canada. Currently in development with restart targeted for mid-2026.

Stream interests

As at 30 June 2025 · inclusive

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Reserves & resources — detail

As at 30 June 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalty Operating · 8 projects

Federation

Asset · Royalty · Operating

Australia, New South Wales

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Aurelia Metals Ltd.

Extraction: Open Pit

Country: Australia

Region: New South Wales

Interest conditions: 4.5% GRR on first 250Koz gravity gold

Description

gold royalty interest operated by Aurelia Metals Ltd. in New South Wales, Australia. Terms: 4.5% GRR on first 250Koz gravity gold. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Kanmantoo

Asset · Royalty · Operating

Australia, South Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Hillgrove Resources Ltd.

Extraction: Open Pit

Country: Australia

Region: South Australia

Interest conditions: 2.5% NSR stepping down to 0.5% NSR after >85Kt Cu produced

Description

copper, gold, silver royalty interest operated by Hillgrove Resources Limited in South Australia, Australia. Terms: 2.5% NSR stepping down to 0.5% NSR after >85Kt Cu produced. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Otto Bore

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Northern Star Resources Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 2.5% NSR on cumulative 42,000-100,000 oz production

Description

gold royalty interest operated by Northern Star Resources Ltd. in Western Australia, Australia. Terms: 2.5% NSR on cumulative 42,000-100,000 oz production. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Wonmunna

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

As at 6 January 2015

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 1.25% GRR payable when benchmark 62% iron ore price is below A$100/tonne and 1.50% GRR payable when the iron ore price is above A$100/tonne.

Description

As at 6 January 2015

Vox 1.25-1.5% GRR royalty over the Wonmunna iron ore mine in Western Australia operated by Mineral Resources Limited.

Royalty interests

As at 6 January 2015 · exclusive

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Reserves & resources — detail

As at 6 January 2015

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Bulong / Myhree

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Black Cat Syndicate Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 1.0% NSR

Description

gold royalty interest operated by Black Cat Syndicate Limited in Western Australia, Australia. Terms: 1.0% NSR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Castle Hill

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Evolution Mining Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$40/oz up to 75koz + A$2,000 payment at 140koz

Description

gold royalty interest operated by Evolution Mining Ltd. in Western Australia, Australia. Terms: A$40/oz up to 75koz + A$2,000 payment at 140koz. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Janet Ivy

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Zijin Gold International (Norton Gold Fields Pty Ltd.)

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$0.50/t royalty

Description

gold royalty interest operated by Zijin Gold International (Norton Gold Fields Pty Ltd.) in Western Australia, Australia. Terms: A$0.50/t royalty. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Plutonic East

Asset · Royalty · Operating

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Catalyst Metals Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: Sliding-scale tonnage royalty with grade escalator

Description

gold royalty interest operated by Catalyst Metals Ltd. in Western Australia, Australia. Terms: Sliding-scale tonnage royalty with grade escalator. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalty Construction · 1 project

Sulphur Springs

Asset · Royalty · Construction

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Construction

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Develop Global Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$2/t ore PR (A$3,700 royalty cap)

Description

copper, zinc, lead, silver royalty interest operated by Develop Global Limited in Western Australia, Australia. Terms: A$2/t ore PR (A$3,700 royalty cap). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalty Development · 17 projects

Kangaroo Caves

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Develop Global Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$2/t ore PR (100% interest)

Description

copper, zinc, lead, silver royalty interest operated by Develop Global Limited in Western Australia, Australia. Terms: A$2/t ore PR (100% interest). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Red Hill

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Northern Star Resources Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 4.0% GRR

Description

gold royalty interest operated by Northern Star Resources Ltd. in Western Australia, Australia. Terms: 4.0% GRR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Horseshoe Lights

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Horseshoe Metals Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 3.0% NSR

Description

gold, copper royalty interest operated by Horseshoe Metals Ltd. in Western Australia, Australia. Terms: 3.0% NSR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Koolyanobbing (Deception & Altair)

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Yilgarn Iron Investments Pty Ltd

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 2.0% FOB Revenue

Description

iron royalty interest operated by Yilgarn Iron Investments Pty Ltd in Western Australia, Australia. Terms: 2.0% FOB Revenue. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Kunanalling

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Evolution Mining Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 2% realised production post 75koz from Castle Hill

Description

gold royalty interest operated by Evolution Mining Ltd. in Western Australia, Australia. Terms: 2% realised production post 75koz from Castle Hill. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Lynn Lake (MacLellan)

Asset · Royalty · Development

Canada, Manitoba

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Ni 43 101

Ownership %: 0

Operator: No

Operator name: Alamos Gold Inc.

Extraction: Open Pit

Country: Canada

Region: Manitoba

Interest conditions: 2.0% GPR (post initial capital recovery)

Description

gold royalty interest operated by Alamos Gold Inc. in Manitoba, Canada. Terms: 2.0% GPR (post initial capital recovery). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Mt Ida

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Aurenne Group Pty Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 1.5% NSR (>10Koz Au production)

Description

gold royalty interest operated by Aurenne Group Pty Ltd. in Western Australia, Australia. Terms: 1.5% NSR (>10Koz Au production). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Stockman

Asset · Royalty · Development

Australia, Victoria

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Aeris Resources Ltd.

Extraction: Open Pit

Country: Australia

Region: Victoria

Interest conditions: 1.5% NSR reducing to 1.0% NSR after 9Mt production

Description

copper, gold, silver, zinc royalty interest operated by Aeris Resources Limited in Victoria, Australia. Terms: 1.5% NSR reducing to 1.0% NSR after 9Mt production. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Cardinia (Lewis deposit)

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Genesis Minerals Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 1% GRR (>10koz)

Description

gold royalty interest operated by Genesis Minerals Ltd. in Western Australia, Australia. Terms: 1% GRR (>10koz). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Dandoko

Asset · Royalty · Development

Mali, Kayes Region

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: B2 Gold Inc.

Extraction: Open Pit

Country: Mali

Region: Kayes Region

Interest conditions: 1.0% NSR

Description

gold royalty interest operated by B2 Gold Inc. in Kayes Region, Mali. Terms: 1.0% NSR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Goldlund

Asset · Royalty · Development

Canada, Ontario

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Ni 43 101

Ownership %: 0

Operator: No

Operator name: NeXGold Mining Corp.

Extraction: Open Pit

Country: Canada

Region: Ontario

Interest conditions: 1.0% NSR (>50m depth from shaft collar)

Description

gold royalty interest operated by NexGold Mining Corp. in Ontario, Canada. Terms: 1.0% NSR (>50m depth from shaft collar). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Limpopo (Dwaalkop)

Asset · Royalty · Development

South Africa, Limpopo, Bushveld Igneous Complex

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: Sibanye-Stillwater Ltd.

Extraction: Open Pit

Country: South Africa

Region: Limpopo

Geological province: Bushveld Igneous Complex

Interest conditions: 1.0% GRR

Description

pgm, gold, copper, nickel royalty interest operated by Sibanye Stillwater Ltd. in Limpopo, South Africa. Terms: 1.0% GRR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Bowdens

Asset · Royalty · Development

Australia, New South Wales

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Silver Mines Ltd.

Extraction: Open Pit

Country: Australia

Region: New South Wales

Interest conditions: 0.85% GRR

Description

silver, lead, zinc royalty interest operated by Silver Mines Limited in New South Wales, Australia. Terms: 0.85% GRR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Higginsville (Dry Creek)

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Westgold Resources Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$0.87/gram gold ore milled (effective 0.85% NSR)

Description

gold royalty interest operated by Westgold Resources Ltd. in Western Australia, Australia. Terms: A$0.87/gram gold ore milled (effective 0.85% NSR). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Limpopo (Messina)

Asset · Royalty · Development

South Africa, Limpopo, Bushveld Igneous Complex

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: Sibanye-Stillwater Ltd.

Extraction: Open Pit

Country: South Africa

Region: Limpopo

Geological province: Bushveld Igneous Complex

Interest conditions: 0.704% GRR

Description

pgm, gold, copper, nickel royalty interest operated by Sibanye Stillwater Ltd. in Limpopo, South Africa. Terms: 0.704% GRR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

South Railroad (VOXR)

Asset · Royalty · Development

United States, Nevada

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: Orla Mining Ltd.

Extraction: Open Pit

Country: United States

Region: Nevada

Interest conditions: 0.633% NSR + advance royalty payments

Description

gold royalty interest operated by Orla Mining Ltd. in Nevada, United States. Terms: 0.633% NSR + advance royalty payments. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalties & streams

All royalty and stream interests in the database that refer to this asset by name.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Bullabulling

Asset · Royalty · Development

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Development

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Minerals 260 Limited

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: A$10/oz gold royalty (>100Koz production)

Description

gold royalty interest operated by Minerals 260 Limited in Western Australia, Australia. Terms: A$10/oz gold royalty (>100Koz production). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Royalty Exploration · 4 projects

Estrades

Asset · Royalty · Exploration

Canada, Quebec

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Exploration

Report standard: Ni 43 101

Ownership %: 0

Operator: No

Operator name: Galway Metals Inc.

Extraction: Open Pit

Country: Canada

Region: Quebec

Interest conditions: 2.0% NSR

Description

gold, zinc royalty interest operated by Galway Metals Inc. in Quebec, Canada. Terms: 2.0% NSR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Wyloo North

Asset · Royalty · Exploration

Australia, Western Australia

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Exploration

Report standard: Jorc

Ownership %: 0

Operator: No

Operator name: Fortescue Metals Group Ltd.

Extraction: Open Pit

Country: Australia

Region: Western Australia

Interest conditions: 1.5% GRR (first 15Mt production)

Description

iron royalty interest operated by Fortescue Metals Group Ltd. in Western Australia, Australia. Terms: 1.5% GRR (first 15Mt production). [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

El Molino

Asset · Royalty · Exploration

Peru, Apurímac, Andean Porphyry Belt

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Exploration

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: China Minmetals / Jiangxi Copper

Extraction: Open Pit

Country: Peru

Region: Apurímac

Geological province: Andean Porphyry Belt

Interest conditions: 0.5% NSR

Description

gold, silver, copper, molybdenum royalty interest operated by China Minmetals / Jiangxi Copper in Apurímac, Peru. Terms: 0.5% NSR. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Libby / Montanore

Asset · Royalty · Exploration

United States, Montana

Open project page

Project information

Type: Royalty

Aggregation level: Asset

Status: Exploration

Report standard: Sec S K 1300

Ownership %: 0

Operator: No

Operator name: Hecla Mining Co.

Extraction: Open Pit

Country: United States

Region: Montana

Interest conditions: $0.20/ton production payment

Description

silver, copper royalty interest operated by Hecla Mining Company in Montana, United States. Terms: $0.20/ton production payment. [Identity row — full extraction queued for supplement pass]

Royalty interests

As at 31 December 2025

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Assumptions

The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.

Premium access required

This content is available on a paid plan.

Upgrade to Premium to unlock this content.

Create an account

How to read this tab

MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.

What the Portfolio tab shows

The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.

Concepts in your sector — Royalties & streaming

A royalty is a contractual share of value extracted (NSR, GRR, NPI, sliding-scale, …). A stream delivers a fixed % of production at an agreed (often discounted) price in exchange for upfront capital.
Portfolio shows operator reserves restated on royalty/stream economics (volume × rate). Operator classification (NI 43-101, JORC, NI 51-101, SEC) carries through.
Common terms: Cap (maximum payable); Buy-back (operator repurchase right); AOI (area of interest); Sliding-scale (rate vs commodity price).

Portfolio tab — table guide

Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.

Ownership / Working interest

Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
Cost / other — a passive or fair-value holding, excluded from the group total.

Units, conversions & reporting standards

Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.

Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.

Gold

Score

Production

Resource base

Grade

1 / 5

0–50 koz Au

0–1 Moz Au

0–1 g/t Au

2 / 5

50–125 koz Au

1–2.5 Moz Au

1–2 g/t Au

3 / 5

125–250 koz Au

2.5–5 Moz Au

2–5 g/t Au

4 / 5

250–500 koz Au

5–10 Moz Au

5–8 g/t Au

5 / 5

≥ 500 koz Au

≥ 10 Moz Au

≥ 8 g/t Au

Silver

Score

Production

Resource base

Grade

1 / 5

0–1 Moz Ag

0–25 Moz Ag

0–50 g/t Ag

2 / 5

1–3 Moz Ag

25–75 Moz Ag

50–100 g/t Ag

3 / 5

3–7 Moz Ag

75–150 Moz Ag

100–200 g/t Ag

4 / 5

7–12 Moz Ag

150–225 Moz Ag

200–300 g/t Ag

5 / 5

≥ 12 Moz Ag

≥ 225 Moz Ag

≥ 300 g/t Ag

Copper

Score

Production

Resource base

Grade

1 / 5

0–50 kt Cu

0–500 kt Cu

0–0.5 % Cu

2 / 5

50–125 kt Cu

500–2 000 kt Cu

0.5–1 % Cu

3 / 5

125–250 kt Cu

2 000–5 000 kt Cu

1–1.5 % Cu

4 / 5

250–500 kt Cu

5 000–10 000 kt Cu

1.5–2 % Cu

5 / 5

≥ 500 kt Cu

≥ 10 000 kt Cu

≥ 2 % Cu

Zinc

Score

Production

Resource base

Grade

1 / 5

0–50 kt Zn

0–1 Mt Zn

0–2.5 % Zn

2 / 5

50–150 kt Zn

1–3 Mt Zn

2.5–5 % Zn

3 / 5

150–300 kt Zn

3–7 Mt Zn

5–8 % Zn

4 / 5

300–500 kt Zn

7–15 Mt Zn

8–12 % Zn

5 / 5

≥ 500 kt Zn

≥ 15 Mt Zn

≥ 12 % Zn

Lead

Score

Production

Resource base

Grade

1 / 5

0–25 kt Pb

0–0.5 Mt Pb

0–1 % Pb

2 / 5

25–75 kt Pb

0.5–1.5 Mt Pb

1–2.5 % Pb

3 / 5

75–150 kt Pb

1.5–4 Mt Pb

2.5–5 % Pb

4 / 5

150–300 kt Pb

4–8 Mt Pb

5–8 % Pb

5 / 5

≥ 300 kt Pb

≥ 8 Mt Pb

≥ 8 % Pb

Nickel

Score

Production

Resource base

Grade

1 / 5

0–10 kt Ni

0–100 kt Ni

0–0.6 % Ni

2 / 5

10–25 kt Ni

100–300 kt Ni

0.6–1.2 % Ni

3 / 5

25–50 kt Ni

300–700 kt Ni

1.2–1.8 % Ni

4 / 5

50–100 kt Ni

700–1 500 kt Ni

1.8–2.5 % Ni

5 / 5

≥ 100 kt Ni

≥ 1 500 kt Ni

≥ 2.5 % Ni

Iron

Score

Production

Resource base

Grade

1 / 5

0–10 Mt Fe ore

0–100 Mt ore

0–25 % Fe

2 / 5

10–30 Mt Fe ore

100–500 Mt ore

25–40 % Fe

3 / 5

30–75 Mt Fe ore

500–2 000 Mt ore

40–55 % Fe

4 / 5

75–150 Mt Fe ore

2 000–5 000 Mt ore

55–60 % Fe

5 / 5

≥ 150 Mt Fe ore

≥ 5 000 Mt ore

≥ 60 % Fe

PGM

Score

Production

Resource base

Grade

1 / 5

0–0.2 Moz 4E PGM

0–5 Moz 4E PGM

0–1.5 g/t 4E PGM

2 / 5

0.2–0.7 Moz 4E PGM

5–20 Moz 4E PGM

1.5–3 g/t 4E PGM

3 / 5

0.7–1.5 Moz 4E PGM

20–50 Moz 4E PGM

3–5 g/t 4E PGM

4 / 5

1.5–3 Moz 4E PGM

50–100 Moz 4E PGM

5–8 g/t 4E PGM

5 / 5

≥ 3 Moz 4E PGM

≥ 100 Moz 4E PGM

≥ 8 g/t 4E PGM

Molybdenum

Score

Production

Resource base

Grade

1 / 5

0–5 Mlb Mo

0–50 Mlb Mo

0–0.03 % Mo

2 / 5

5–15 Mlb Mo

50–200 Mlb Mo

0.03–0.06 % Mo

3 / 5

15–30 Mlb Mo

200–500 Mlb Mo

0.06–0.12 % Mo

4 / 5

30–50 Mlb Mo

500–1 000 Mlb Mo

0.12–0.2 % Mo

5 / 5

≥ 50 Mlb Mo

≥ 1 000 Mlb Mo

≥ 0.2 % Mo

Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.

Assumptions

Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.

This company

Vox Royalty (VOXR) — Stock Analysis 2026 [3.5]

Vox Royalty (VOXR) stock analysis: a diversified, Australia-weighted mining-royalty book bought cheaply, the Janet Ivy cornerstone, a nine-point scorecard and a valuation read. Rated 3.5/5 Solid, Modestly undervalued, August 2026.Analysis · Updated 14 Aug 2026 · 31 min read

Commodity guides

Commodities Across the Cycle: A Macro Regime Guide (2026)

Commodities across the cycle: how gold, copper, uranium, oil and gas behave in inflation, growth, recession and rate regimes — with correlations and risks.Guide · Updated 25 Jul 2026 · 36 min read

Gold — A Complete Market Guide (2026)

A complete guide to the gold market: how gold is priced, who produces and consumes it, the supply-demand balance, and how gold behaves across economic regimes.Guide · Updated 21 Jun 2026 · 45 min read