Vox Royalty Transfers Brazilian Mines Offtake to Canada's Greenstone Gold Mine

MT Newswires Live01-23 23:08

Vox Royalty (VOXR) said Friday it has signed an agreement with Equinox Gold (EQX) to restructure Vox's 35% gold offtake over three mines in Brazil in connection with Equinox's sale of the assets, by moving the offtake delivery obligations to a gold offtake stream over Canada's Greenstone gold mine.

The Brazilian mines' offtake agreement has been amended and the remaining roughly 226,000 ounces deliverable under the deal will be satisfied via a production-linked offtake stream of 29% of refined gold from Greenstone, with minimum deliveries of 63,600 ounces this year, Vox said.

Vox said its existing Greenstone offtake stream -- bought in September from a third party -- under which Equinox has to deliver up to 58,500 ounces of gold a year until March 1, 2027 remains unchanged.

Price: 5.33, Change: +0.21, Percent Change: +4.10

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