MMX - MMX STOCK NEWS

Maverix Metals has finalized its acquisition of a Royalty Portfolio comprising 22 royalties from Barrick Gold for a total upfront cash payment of $37.2 million, reduced from $50 million due to a repurchase by Skeena Resources. An additional contingent consideration of up to $10 million may be applicable based on future events. The acquisition strengthens Maverix's position in the gold sector and increases its global royalty portfolio, which now exceeds 140 assets.

Maverix Metals has announced the acquisition of a $50 million Royalty Portfolio from Barrick Gold Corp., with potential contingent payments of $10 million. This portfolio encompasses 22 royalties primarily located in Canada, the U.S., and Australia, including a significant 1.0% NSR royalty on Skeena Resources' Eskay Creek project. The addition increases Maverix's total royalties to 147 and is expected to enhance its growth trajectory, particularly with the completion of the Eskay Creek feasibility study anticipated in Q3 2022.

Maverix Metals reported its second-quarter results for 2022, highlighting revenue of $14.2 million and net income of $2.8 million or $0.02 per share. The company sold 7,649 gold equivalent ounces (GEOs) at an average cash cost of $236 per GEO, yielding a cash operating margin of $1,620 per ounce. Dividends of $0.0125 per share were declared, with payment scheduled for September 15, 2022. However, due to ongoing international sanctions impacting its Omolon royalty interest, Maverix anticipates a reduced guidance of 28,000 to 31,000 GEOs for 2022.

Maverix Metals Inc. (NYSE: MMX) announced the results of its Annual General Meeting held on May 12, 2022. Shareholders approved all resolutions, including the election of nine directors. Notable votes include Geoffrey Burns with 98.75% approval and J.C. Stefan Spicer with 91.26% approval. KPMG LLP was appointed as the auditor. Detailed results are available in the Management Information Circular on SEDAR. Maverix is a gold-focused royalty and streaming company with over 120 assets, aiming to enhance per share value through precious metals royalties and streams.

Maverix Metals reported strong Q1 2022 results, achieving revenue of $14.7 million and selling 7,738 gold equivalent ounces (GEOs). The company generated $8.0 million in cash flow from operations, with an adjusted net income of $5.7 million or $0.04 per share. Its cash operating margin reached 90%, equating to $1,704 per ounce. A quarterly dividend of $0.0125 per share was declared, payable on June 15, 2022. The company also announced acquisition of three gold royalties in Nevada, which aligns with its growth strategy.

Maverix Metals announced record financial results for 2021, highlighting revenue of $57.5 million and net income of $24.1 million, or $0.17 per share. The company sold 32,026 gold equivalent ounces (GEOs) for a cash operating margin of 91%. In Q4 2021, revenue was $16.5 million, with net income of $2.8 million. Maverix expanded its credit facility to $160 million and increased its dividend by 25% to $0.0125 per share, indicating strong financial health and growth potential for 2022.

Maverix Metals has acquired three gold royalty projects in Nevada for $5 million from Waterton Precious Metals Fund II. The acquisition includes royalties on the Lewis, Dixie Creek, and Railroad properties, expected to provide steady cash flow through advance payments. The Lewis property has an inferred resource of 205,827 ounces of gold and is adjacent to the Phoenix mine, while the Dixie Creek project shows promising production potential of approximately 152,000 ounces annually. This strategic investment aligns with Maverix's commitment to enhance shareholder value.

Maverix Metals expects to produce between 32,000 and 35,000 attributable gold equivalent ounces in 2022, maintaining a gross cash margin of 90%. The majority of revenue will come from gold and silver, with key growth drivers stemming from acquisitions made in late 2021. Significant asset updates include the Camino Rojo mine's operational progress and Karora Resources' plans to expand production capacity at the Beta Hunt mine. The acquisition of the Goldfield District project by Centerra Gold is also expected to enhance Maverix's revenue through its 5% royalty on the Gemfield deposit.

Maverix Metals Inc. (NYSE: MMX) announced record attributable gold equivalent ounces (GEOs) of approximately 9,000 in Q4 2021 and over 32,000 GEOs for the full year, exceeding its revised guidance of 31,000 GEOs. CEO Dan O'Flaherty highlighted successful portfolio expansion through three accretive transactions, aiding cash flow. Additionally, the Board approved a quarterly cash dividend of $0.0125 per share, payable on March 15, 2022, to shareholders of record by February 28, 2022. This dividend is regarded as an eligible dividend under Canadian tax laws.