Chancery Royalty has acquired a life of mine (LoM) royalty on the Laiva gold mine in Finland, marking an expansion of its portfolio. The royalty, acquired through a third party, encompasses 2.5% of annual gold production, aligning with the mine's anticipated operational restart in the second quarter of 2026 (Q2 2026). The Laiva gold mine, which began construction in 2010, was placed on care and maintenance in February 2022 due to falling gold prices and substantial debt. Now debt-free, the mine is set ...

Summary of Vox Royalty FY Conference Call Company Overview - **Company Name**: Vox Royalty (NasdaqCM:VOXR) - **Industry**: Specialty Mining, focusing primarily on gold royalties but also open to base and battery metals [2][8] Core Points and Arguments - **Business Model**: Vox Royalty operates as a gold royalty company, designed to provide investors with exposure to precious metals while minimizing risk and maximizing returns [2][3] - **Performance Metrics**: - Founding shareholders have seen returns of over 1,300% since inception, with an 80% increase in the last year [6] - Revenue has grown by almost 400% over the last three years while costs have remained flat or decreased [6][7] - **Market Position**: Vox aims to replicate the success of larger royalty companies like Franco-Nevada and Wheaton Precious Metals, which have outperformed mining companies and major indices [4][5] - **Asset Growth**: The number of producing assets has increased from 1 in 2020 to 14 currently, with expectations to grow to 22 in the coming years [9][10] Financial Highlights - **Recent Acquisition**: In September, Vox acquired a portfolio generating approximately $15 million in free cash flow for $60 million, significantly increasing its producing asset count [10][11] - **Market Capitalization**: Vox has a market cap of $300 million, providing a diversified portfolio that would typically belong to much larger mining companies [11] - **Debt and Cash Position**: The company has about $11.7 million in debt and $11 million in cash, indicating a strong balance sheet [11] Strategic Focus - **Investment Strategy**: Vox focuses on acquiring royalties from projects that are 2-4 years from production, allowing for a steady increase in revenue and cash flow [9][10] - **Dividend Policy**: Vox pays a modest but sustainable dividend, which is the highest yield in the precious metals royalty industry [18] - **Analyst Coverage**: Currently, four analysts cover Vox, with expectations for increased price targets as the company continues to grow [19][20] Industry Dynamics - **Gold Price Outlook**: The company is positioned to benefit from long-term increases in gold prices, although it operates under the assumption of potential price declines [25][26] - **Cost Structure**: Vox's business model is less affected by cost inflation in the mining sector, allowing for higher operating margins compared to traditional mining companies [23][24] Competitive Advantage - **Data Utilization**: Vox has acquired a proprietary database of mining royalties, enabling it to identify undervalued assets that competitors may overlook [28][29] - **Risk Management**: The company emphasizes a high margin of safety in its acquisitions, focusing on the likelihood of mines entering production rather than solely on current metal prices [38][39] Future Outlook - **Growth Potential**: Vox expects to add 2-5 new producing assets annually, which will further enhance its revenue profile [16][24] - **Index Inclusion**: The company was added to the Russell 2000 and anticipates inclusion in the GDXJ index, which could attract broader investor interest [24] Additional Insights - **Silver Royalties**: Vox holds a significant silver royalty over the Bowden's project, which could generate substantial revenue once in production [41] - **Market Perception**: The company believes its business model may be perceived as complex, but it aims to simplify its narrative to attract more passive investors [18][19]

Core Points - PPX Mining Corp. has received a payment of US$637,000 from Silver Crown Royalties Inc. as part of a silver royalty agreement [1] - The payment represents the remainder of the second and final tranche due under the agreement established on December 13, 2024, and amended on July 31, 2025 [1] - The funds will be utilized to support the ongoing construction of the carbon-in-leach and flotation plant at the Igor project in La Libertad, Peru [1]

Group 1 - EDM Resources Inc. has successfully closed a silver royalty sale to Silver Crown Royalties Inc., receiving an initial payment of C$250,000 and 60,000 units in Silver Crown [1][2] - The total cash payment for the royalty is C$500,000, with the remaining C$250,000 to be paid within 30 days of closing [3] - The 60,000 units issued to EDM by SCRi are valued at C$10.00 per unit, each consisting of one common share and a warrant to purchase an additional share at C$13.00 for 36 months [4] Group 2 - SCRi operates as a silver royalty company and is listed on multiple stock exchanges, including CBOE Canada and Frankfurt [2] - The royalty agreement specifically pertains to silver production at the Scotia Mine and does not cover other minerals such as zinc, lead, gypsum, or gold [2] - EDM Resources Inc. holds full ownership of the Scotia Mine and has several exploration licenses in the surrounding regions of Nova Scotia [5]