VANCOUVER, British Columbia, Nov. 27, 2017 (GLOBE NEWSWIRE) — Maverix Metals Inc. (the “Company” or “Maverix”) (TSX-V:MMX) is pleased to announce its financial results for the third quarter ended September 30, 2017.
All amounts are in Canadian dollars unless otherwise indicated.
Third Quarter 2017 Highlights
Financial and Operating
- Revenue of $4.6 million;
- Operating cash flow of $3.6 million, excluding changes in non-cash working capital(1);
- Net income of $0.7 million;
- Attributable gold equivalent ounces sold of 2,882(1) ounces; and
- Average cash cost per attributable gold equivalent ounce of $160(1) resulting in cash operating margins of $1,438(1) per ounce.