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Maverix Metals Reports Growing Revenues and Operating Cash Flow for the First Quarter of 2017
May. 31, 2017 08:44AM PST
Precious MetalsMaverix Metals Inc. (the “Company” or “Maverix”) (TSXV: MMX) is pleased to report its financial results for the quarter ended March 31, 2017. In addition, the Company would like to announce the results of its Annual General Meeting of shareholders which was held earlier today. As quoted in the press release: Maverix’s President & CEO, …
Maverix Metals Inc. (the “Company” or “Maverix”) (TSXV: MMX) is pleased to report its financial results for the quarter ended March 31, 2017. In addition, the Company would like to announce the results of its Annual General Meeting of shareholders which was held earlier today.
As quoted in the press release:
Maverix’s President & CEO, Dan O’Flaherty commented, “The first quarter of 2017 marked the first full quarter since our transformative acquisition of the royalty portfolio from Gold Fields Ltd. in December of last year and as a consequence our revenue and operating cash flows grew significantly, as expected.” Mr. O’Flaherty continued, “I am very pleased that our team has been able to continue that momentum and increase our cash flow generating capacity even further, by acquiring the royalties on the Florida Canyon mine and the Beta Hunt mine in the first quarter, and the royalty on the Silvertip mine subsequent to the quarter end. We continue to look for accretive acquisitions that will build the per share value of the Company for our shareholders.”
