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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid positive momentum in the mining sector, Vox Royalty provided an update on its gold offtake-stream exposure over the Los Filos gold mine in Mexico, following Equinox Gold's signing of 20-year land access agreements with local communities hosting the mine, according to reports. The deal is a critical step to remove a key operational risk, enabling Equinox to plan for a restart of heap leach operations and commence expansion studies.
The agreement marks a positive development for Vox Royalty, which holds streaming and royalty rights on Los Filos production. Market data shows VOXR closed at $4.92 on June 26, after reaching a high of $4.99. Los Filos is one of Mexico's major gold assets, and the move comes at a time of steady gold demand amid global economic uncertainty.
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Sign InInvestors are now watching the impact of the land agreements on the timeline for restarting production at Los Filos, as well as the results of potential expansion studies. Technically, VOXR trades at $4.92 (close June 26), with support near $4.80 and resistance at $4.99. Regulatory approvals and operational updates from Equinox could serve as the next catalysts for the stock.