Vox Royalty Sells Federation Gold Royalty

Vox Royalty announced it has sold its capped 4.5% gold royalty on the Hera Tenement in New South Wales, Australia, for A$8.0 million in cash. The royalty covered 46,372 ounces of remaining gravity gold production and was acquired only in February 2026, making the deal an opportunistic divestment. Management said the sale crystallized a 16x return on invested capital in less than four months. The transaction is framed as part of Vox’s disciplined capital allocation strategy, with proceeds expected to support either accretive acquisitions or further non-core asset sales. The news is positive for Vox’s balance sheet and portfolio optimization, though it does not directly change gold prices. Market relevance is primarily to Vox Royalty shares and to sentiment around monetizing royalty assets at attractive returns.