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Maverix Metals Announces 2019 First Quarter Results
Maverix Metals Announces 2019 First Quarter Results Canada NewsWire VANCOUVER, M...
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[{"type":"text","content":"\n\n\n\nMaverix Metals Announces 2019 First Quarter Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 15, 2019\n\n\n\nVANCOUVER, May 15, 2019 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (TSX-V: MMX) is pleased to announce its operating and financial results for the first quarter ended March 31, 2019.\n\n \n \n\n \nFor complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the quarter ended March 31, 2019, available on SEDAR (www.sedar.com) or on the Company's website (www.maverixmetals.com).\nAll dollar amounts are in Canadian dollars unless otherwise indicated.\nFirst Quarter 2019 Highlights\nRevenue of $7.5 million ($6.8 million in Q1 2018); Operating cash flow of $5.2 million, excluding changes in non-cash working capital1 ($5.4 million in Q1 2018); Record net income of $1.5 million or $0.01 per share ($1.2 million or $0.01 per share in Q1 2018); Attributable gold equivalent ounces produced2 of 5,264 ounces (4,250 ounces in Q1 2018) and attributable gold equivalent ounces1 sold of 4,358 ounces (4,024 ounces in Q1 2018); Average cash cost per attributable gold equivalent ounce sold of $202, resulting in cash operating margins of $1,527 per ounce1 ($121 and $1,560 in Q1 2018, respectively); and Acquired a 22.5% life of mine silver stream on the El Mochito mine, owned and operated by Ascendant Resources Inc.\"Maverix was pleased to add a cash flowing silver stream on Ascendant's producing El Mochito mine to our growing portfolio this quarter, as well as increase...