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Maverix Metals beats 2020 gold guidance

Maverix holds a portfolio of over 100 royalties and streams across 18 countries, of which 13 are currently paying

For 2021, Maverix said it expects 27,000 to 30,000 attributable gold equivalent ounces at approximately a 90% cash margin with approximately 99% of expected revenue derived from gold and silver. 

The growth compared to the previous year will be based on the recently acquired portfolio of 10 gold royalties from Newmont Corporation, which include a 2% net smelter return royalty on the Camino Rojo project currently under construction in Zacatecas, Mexico, and whose first gold pour is expected in Q4-2021. 

In total, Maverix holds a portfolio of over 100 royalties and streams across 18 countries, of which 13 are currently paying. 

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