Maverix Metals delivering consistent profits from its high-quality portfolio of precious metal royal
A pure gold play royalty investment A global portfolio and experienced management Low overheads and track record of growth What Maverix Metals does: Maverix Metals Inc (CVE:MMX) is a rapidly growing gold royalty and streaming firm with high margins and growing free cashflow. In return for making an upfront payment, Maverix receives a royalty on the underlying precious metal sold by an operator, or in the case of a precious metal stream, the right to purchase an agreed-upon amount of gold, silver or other precious metal, at a significant discount to the spot commodity price. Such agreements provide Maverix, and its shareholders, with exposure to precious metals price rises and the exploration upside of the mine or project without any additional capital outlay, while also fixing the ongoing costs of acquiring precious metals in the case of a stream. Since being founded in 2016 by chairman Geoff Burns and CEO Daniel OFlaherty, Vancouver-based Maverix, with a market cap of around US$760 million, now has 121 royalties and streams, 13 of which are paying.
Maverix Metals delivering consistent profits from its high-quality portfolio of precious metal royal
A pure gold play royalty investment A global portfolio and experienced management Low overheads and track record of growth What Maverix Metals does: Maverix Metals Inc (CVE:MMX) is a rapidly growing gold royalty and streaming firm with high margins and growing free cashflow. In return for making an upfront payment, Maverix receives a royalty on the underlying precious metal sold by an operator, or in the case of a precious metal stream, the right to purchase an agreed-upon amount of gold, silver or other precious metal, at a significant discount to the spot commodity price. Such agreements provide Maverix, and its shareholders, with exposure to precious metals price rises and the exploration upside of the mine or project without any additional capital outlay, while also fixing the ongoing costs of acquiring precious metals in the case of a stream. Since being founded in 2016 by chairman Geoff Burns and CEO Daniel OFlaherty, Vancouver-based Maverix, with a market cap of around US$760 million, now has 121 royalties and streams, 13 of which are paying.