MAVERIX METALS ANNOUNCES RECORD REVENUE AND OPERATING CASH FLOW FOR THE THIRD QUARTER 2017

MMX-NR-11-27-17

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.

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