MMX - MMX STOCK NEWS

Maverix Metals Inc. (NYSE American: MMX) announced record attributable gold equivalent ounces for Q4 and the full year 2020. The fourth quarter saw 8,836 ounces sold, a 25% year-over-year increase, contributing to an annual total of 28,916 ounces, exceeding guidance by 20%. The company expanded its royalty portfolio with the acquisition of 10 gold royalties from Newmont Corporation. For 2021, Maverix expects 27,000 to 30,000 attributable gold equivalent ounces and plans to focus on development and production of its assets.

Maverix Metals (MMX) announced a positive update on its royalty portfolio, highlighted by the acquisition of 10 gold royalties from Newmont. The company anticipates enhanced value from projects like Camino Rojo and Cerro Blanco. Agnico Eagle will buy back a portion of Maverix's NSR royalty on Hope Bay for $50 million, allowing Maverix to repay debts and pursue further acquisitions. Other projects showing promise include Beta Hunt and Morondo, with substantial increases in gold reserves reported by their operators.

Maverix Metals (NYSE American: MMX) provided an update on its royalty acquisitions from Newmont Corporation. Orla Mining opted not to exercise its right of first refusal on a 2.0% net smelter return (NSR) royalty for the Camino Rojo project, which has begun construction, expecting its first gold pour by late 2021. Additionally, Maverix will receive $1.5 million for a 1.0% NSR royalty on the Yecora project after Criscora's acquisition. The transfer of these royalties is subject to approval from Mexico's Federal Economic Competition Commission.

Maverix Metals has appointed Ms. Tara Hassan as an independent director on its Board of Directors, effective immediately. Currently serving as Vice President of Corporate Development at SilverCrest Metals, Hassan brings over 15 years of mining experience, focusing on mine operations, project development, and capital markets. Her background includes significant expertise as an equity research analyst in the precious metals sector. Chairman Geoff Burns emphasized that Hassan's appointment will strengthen Maverix's leadership team.

Maverix Metals announced record financial results for Q3 2020, with revenue reaching $14.9 million, cash flow from operations at $10.8 million, and net income of $14.4 million. They reported 7,797 attributable gold equivalent ounces sold at an average cash cost of $195 per ounce, resulting in a cash operating margin of 90%. The company also completed a strategic acquisition of 11 gold royalties from Newmont for $75 million. Additionally, Maverix plans to pay a quarterly dividend of $0.01 per share on December 15, 2020.

Maverix Metals has finalized the acquisition of an 11-royalty portfolio from Newmont Corporation for US$15 million in cash, plus 12 million common shares. This transaction increases Newmont's stake in Maverix to 30%. The Royalty Portfolio includes various assets at different stages of development, primarily located in Mexico and the USA. The transaction is expected to enhance Maverix's royalty revenue stream while certain assets are subject to rights of first refusal, which may generate additional proceeds. This strategic move aligns with Maverix's goal to expand its gold royalty and streaming capabilities.

Maverix Metals has announced a binding purchase agreement to acquire a portfolio of 11 gold royalties from Newmont for $75 million, with contingent payments of up to $15 million. The portfolio includes gold assets across the Americas, enhancing Maverix's cash flow and net asset value. Key assets include the Camino Rojo project in Mexico and the Cerro Blanco project in Guatemala, both expected to generate production soon. The deal will increase Newmont's ownership in Maverix to approximately 30%, pending TSX approval.

Maverix Metals Inc. (NYSE American: MMX) has finalized its transaction with Karora Resources Inc., reducing the gold royalty on the Beta Hunt mine from 7.5% to 4.75% effective July 1, 2020. This change aims to enhance exploration and potential production growth at the mine. Maverix received US$18 million, with US$15.5 million paid upon closing and US$2.5 million due in January 2021. The funds will be utilized to decrease the balance on its revolving credit facility, supporting Maverix's strategy to acquire valuable royalties and enhance shareholder value.

Maverix Metals reported record revenue of $11.0 million for Q2 2020, a 57% increase from Q2 2019. Operating cash flow reached $8.5 million, and net income was $3.1 million. The company sold 6,412 attributable gold equivalent ounces at an average cash cost of $139 per ounce, resulting in significant margins of $1,572 per ounce. A quarterly cash dividend of $0.01 per share will be paid on September 15, 2020, to shareholders on record as of August 31, 2020. CEO Dan O'Flaherty emphasized the company's growth prospects despite COVID-19 challenges.