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Maverix Metals Announces Record Financial Results for 2018
Maverix Metals Announces Record Financial Results for 2018 Canada NewsWire VANCO...
About this update from Mustang Minerals Limited
[{"type":"text","content":"\n\n\n\nMaverix Metals Announces Record Financial Results for 2018\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.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 28, 2019\n\n\n\nVANCOUVER, March 28, 2019 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (TSX-V: MMX) is pleased to announce record operating and financial results for the fourth quarter and year ended December 31, 2018.\n\n \n \n\n \nFor complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the quarter and year ended December 31, 2018, available on SEDAR (www.sedar.com) or the Company's website (www.maverixmetals.com).\nAll dollar amounts are in Canadian dollars unless otherwise indicated.\nFull Year 2018 Financial Highlights\nRecord revenue of $34.1 million; Record operating cash flow of $24.5 million, excluding changes in non-cash working capital(1); Adjusted net income of $3.5 million(1); Record attributable gold equivalent ounces sold of 20,886 ounces(1); Average cash cost per attributable gold equivalent ounce of $162 resulting in cash operating margins of $1,468 per ounce(1); and At December 31, 2018, the Company had cash of $6.8 million, working capital of $11.3 million and an undrawn capacity of US$37.7 million on its revolving credit facility to fund future acquisition and growth opportunities.Fourth Quarter 2018 Financial Highlights\nRevenue of $9.0 million; Operating cash flow of $7.0 million, excluding changes in non-cash working capital(1); Adjusted net income of $0.7 million(1); Attributable gold equivalent ounces sold of 5,650 ounces(1); and Average cash cost per attributable gold equivalent ounce of $164 resulting in cash operat...