MMX - MMX STOCK NEWS

Maverix Metals Inc. (MMX) has agreed to expand its royalty interest in the Omolon hub in Russia, increasing its stake from 2% to 2.5%. The cash payment of $23.5 million will enhance Maverix's exposure to new projects, potentially raising annual gold equivalent ounces from 2,000 to 5,000. Omolon has substantial gold and silver production history, with over 4 million ounces of gold produced since 1996. This expansion allows access to all 13 licenses of the Omolon hub and possibly three more in application. The deal is set to bolster Maverix's growth in the precious metals sector.

Maverix Metals Inc. (MMX) announced an agreement with Auramet Capital Partners to acquire a gold stream valued at $50 million. This acquisition is expected to provide the company with 5,000 ounces of gold annually, along with a share in Auramet's dividends, which totaled $35 million in 2020. The deal enhances Maverix's cash flow, diversifies its asset base, and establishes a strategic partnership for future royalty acquisitions. CEO Dan O'Flaherty noted the long-term benefits of this partnership and previous successful collaborations with Auramet.

Maverix Metals Inc. has announced an amendment to its revolving credit facility, increasing the amount available from $120 million to $160 million. The facility, with a term of four years maturing in September 2025, currently remains undrawn. CFO Matt Fargey highlighted that this boost will enhance capital for acquiring precious metals royalties and streams. Additionally, Maverix filed a preliminary base shelf prospectus to offer up to $500 million in various securities, enhancing their financial flexibility.

Maverix Metals Inc. (MMX) reported robust Q2 2021 results, showcasing revenue of $14.3 million from 7,880 gold equivalent ounces sold. The average cash cost per GEO was $197, leading to a cash operating margin of 89%. Net income stood at $3.7 million, and cash flow from operations was $9.3 million. The company declared a quarterly dividend of $0.0125 per share, payable on September 15, 2021. Maverix's growth strategy includes recent acquisitions and positive developments in assets, reaffirming its commitment to increase shareholder value.

Maverix Metals Inc. (NYSE American: MMX, TSX: MMX) announced significant updates on its gold-focused royalty portfolio. Notably, Karora Resources plans to double production at the Beta Hunt mine by 2024, increasing its capacity from 75,000-85,000 tpm to 160,000-170,000 tpm. Additionally, Montage Gold's Koné project expects an average annual production of 205,000 ounces of gold. Newcore Gold's Enchi project aims for 90,000 ounces annually, while Coeur Mining's Silvertip mine is exploring new mineralized zones. The 2021 Asset Handbook is now available, detailing Maverix's diverse assets.

Maverix Metals Inc. (NYSE American: MMX) has announced the acquisition of a portfolio of six royalties from Pan American Silver Corp. for $7 million in cash and 491,071 common shares. This strategic acquisition enhances Maverix's portfolio, now totaling 121 royalty and stream assets, with 13 currently generating revenue. The key assets include Fenn-Gib, Recuperada, and Juby projects, all located in Canada and Peru, with significant inferred resources of gold and silver. This move aims to add future value and diversify Maverix's revenue streams.

Maverix Metals Inc. (MMX) announced the results of its Annual General Meeting held on May 13, 2021. Shareholders overwhelmingly supported all resolutions, including the election of nine director nominees. Notable voting results included Geoffrey Burns receiving 99.28% approval and Dr. Christopher Barnes with 99.63%. Additionally, shareholders appointed KPMG LLP as the auditor and approved amendments to the stock option plan. The comprehensive voting details are available in the Management Information Circular dated March 24, 2021.

Maverix Metals (MMX) reported a strong first quarter for 2021, achieving revenue of $13.1 million, a 41% increase from the previous year. The company generated a net income of $14.8 million, including one-time gains, while cash flow from operations was $9.0 million. Maverix announced a 25% increase in its quarterly dividend to $0.0125 per share, to be paid on June 15, 2021. Additionally, they increased their silver stream on the El Mochito mine from 22.5% to 27.5% and fully repaid their revolving credit facility, leaving the company debt-free.

Maverix Metals Inc. (NYSE American: MMX) reported record financial performance for 2020, showcasing a revenue increase of 50% year-over-year to $51.7 million. Fourth quarter revenue reached $16.6 million, with net income of $5.3 million. The company sold a record 28,916 gold equivalent ounces (GEOs) at an average cash cost of $174 per GEO, resulting in a strong cash operating margin of 90%. With no debt and $55 million in cash and marketable securities, Maverix aims for continued growth in 2021, targeting 27,000 to 30,000 attributable GEOs.