Maverix Metals Inc. is pleased to announce record gold equivalent ounces for 2019 and provide guidance for 2020. Fourth Quarter and Full Year 2019 Production Maverix recorded approximately 7,000 attributable gold equivalent ounces1 in the fourth quarter of 2019 and a record of approximately 24,000 attributable gold equivalent ounces1 for the full [...]
Maverix Metals Inc. announces that as part of the purchase of the Kinross Gold Corporation royalty portfolio , Brett Resources Inc., a subsidiary of Agnico Eagle Mines Ltd. , has exercised its right of first refusal on the sale of the 2% net smelter return royalty on the Hammond Reef project located in Ontario, Canada, in accordance with the terms [...]
Maverix Metals Inc. is pleased to announce that is has completed the previously announced acquisition of a portfolio of over 20 precious metals royalties from Kinross Gold Corporation . As consideration for the Transaction, Maverix has issued 11.2 million common shares and made a cash payment of US$25 million to Kinross. Maverix used existing cash [...]
Acquisition is the Fourth Royalty Portfolio Acquired from a Senior Mining Company Since Inception Kinross Gold to Become a New Supportive Shareholder – Joining Newmont Goldcorp and Pan American Silver Maverix Metals Inc. is pleased to announce that it has entered into a definitive agreement to acquire a portfolio of 25 precious metals [...]
Maverix Metals Inc. is pleased to announce the appointment of Ryan McIntyre to the position of President effective immediately. Prior to joining Maverix, Mr. McIntyre spent the last 11 years with Tocqueville Asset Management L.P., most recently as a co-portfolio manager of the Tocqueville Gold Strategy, as well as the Tocqueville Gold Fund. Mr [...]
Maverix Metals Inc. is pleased to announce as part of the Company's long-term strategy to maximize shareholder value, the Board of Directors has declared Maverix's inaugural quarterly dividend of US$0.01 per common share . Dan O'Flaherty, CEO of Maverix, commented, "Payment of a sustainable dividend has been a core objective for Maverix, and we [...]
Maverix Metals Inc. is pleased to announce its operating and financial results for the third quarter ended September 30, 2019. All dollar amounts are in Canadian dollars unless otherwise indicated. Third Quarter 2019 Highlights Record quarterly revenue of $14.0 million; Record cash flow from operating activities, excluding changes in non-cash [...]
Maverix Metals Inc. is pleased to announce that it has completed the previously announced amendment and increase to its revolving credit facility, allowing the Company to borrow up to US$120 million . Maverix would like to thank Canadian Imperial Bank of Commerce and National Bank of Canada for their continued support and confidence in the [...]
Maverix Metals Inc. is pleased to announce that it has secured commitments to upsize its revolving credit facility to borrow up to US$120 million . Closing of the Increased Facility is subject to completion of definitive documentation and satisfaction of conditions precedent customary for a financing of this nature. Maverix intends to use the [...]
Maverix Metals Inc. is pleased to announce that it has completed the acquisition of an additional net smelter return royalty on the Hope Bay mine in Nunavut, Canada, owned and operated by TMAC Resources Inc. . Maverix now holds a 2.75% NSR royalty on Hope Bay effective from August 1, 2019. The 2.75% NSR royalty will reduce to 2.5% upon registration [...]
Maverix Metals Inc. is pleased to announce that it has agreed to acquire an additional net smelter return royalty on the Hope Bay mine in Nunavut, Canada, owned and operated by TMAC Resources Inc. . Maverix currently owns an existing 1.0% NSR royalty on Hope Bay. Maverix and TMAC have agreed to amend the existing royalty agreement whereby Maverix [...]
Maverix Metals Inc. is pleased to announce its operating and financial results for the second quarter ended June 30, 2019. All dollar amounts are in Canadian dollars unless otherwise indicated. Second Quarter 2019 Highlights Revenue of $9.3 million; Cash flow from operating activities of $7.1 million; Net income of $0.8 million or $0.01 per share [...]