Vox Royalty to buy gold offtake, royalty assets from Deterra in $60M deal

[Golden coins raising chart]
LdF/E+ via Getty Images

Vox Royalty (NASDAQ:VOXR [https://seekingalpha.com/symbol/VOXR]) said Tuesday it agreed to acquire [https://seekingalpha.com/pr/20242055-vox-royalty-announces-agreement-to-acquire-transformational-global-gold-portfolio-overnight] a global gold portfolio of 10 gold offtake and royalty assets, covering 12 mines and projects across eight jurisdictions - Australia, Brazil, Canada, Côte d’Ivoire, Mali, Mexico, South Africa and the U.S. - from Deterra Royalties (OTCPK:DETRF [https://seekingalpha.com/symbol/DETRF]) for $60 million, including $57.5 million in upfront cash and $2.5 million in deferred milestones.

The acquired portfolio generated ~$5.6 million of revenues in the three months ended June 2025 and ~$16.3 million of revenues in the trailing four quarters ending June 30.

Vox Royalty (NASDAQ:VOXR [https://seekingalpha.com/symbol/VOXR]) said the deal will be funded with an upsized revolving credit facility and an overnight marketed offering of common shares, which is expected to total as much as $55 million at $3.70/share, with an underwriters option to purchase up to an additional 15% of shares; final terms are to be determined.

"We are excited to announce this highly accretive gold portfolio transaction that is expected to grow revenue per share by over 100%, expand our producing asset count to 14, and expand our large-cap operator exposure," Vox Royalty (VOXR [https://seekingalpha.com/symbol/VOXR]) CEO Kyle Floyd said, adding that the acquisition is expected to accelerate the company's potential inclusion on the GDXJ index in 2026.

MORE ON VOX ROYALTY

* Why Vox Royalty Corp. Is A Buy For Growth-Oriented Investors [https://seekingalpha.com/article/4798713-why-vox-royalty-corp-is-a-buy-for-growth-oriented-investors]
* Gold Royalty Stocks To Watch: Unpacking Vox Royalty's Potential [https://seekingalpha.com/article/4773233-gold-royalty-stocks-to-watch-unpacking-vox-royaltys-potential]
* Financial information for Vox Royalty [https://seekingalpha.com/symbol/VOXR:CA/income-statement]