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Maverix Metals Announces Record Gold Equivalent Ounces for 2019 and Provides Outlook for 2020
Maverix Metals Announces Record Gold Equivalent Ounces for 2019 and Provides Outlook for 2...
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[{"type":"text","content":"\n\n\n\nMaverix Metals Announces Record Gold Equivalent Ounces for 2019 and Provides Outlook for 2020\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.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\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, Feb. 18, 2020\n\n\n\nVANCOUVER, Feb. 18, 2020 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (NYSE American & TSX: MMX) is pleased to announce record gold equivalent ounces for 2019 and provide guidance for 2020. \n\n \n \n\n \nFourth Quarter and Full Year 2019 Production\nMaverix recorded approximately 7,000 attributable gold equivalent ounces1 in the fourth quarter of 2019 and a record of approximately 24,000 attributable gold equivalent ounces1 for the full year 2019. The 2019 result was on the upper end of the previously announced guidance range and represents an increase of 15% compared to 2018. \n2019 Highlights\nRecord annual gold equivalent ounces; Acquired a portfolio of 24 royalties from Kinross Gold and welcomed Kinross as a new shareholder of the Company; Increased the royalty on TMAC Resources' Hope Bay mine from 1.0% to 2.5%; Acquired a 22.5% silver stream on Ascendant Resources' El Mochito mine; Completed listing on the NYSE American Exchange and the Toronto Stock Exchange; Declared an inaugural quarterly dividend; and Amended and increased the revolving credit facility to US$120 million.2020 Outlook\nIn 2020, Maverix expects 27,000 to 30,000 attributable gold equivalent ounces1 with approximately 97% of expected revenue derived from gold and silver.\nDan O'Flaherty, CEO of Maverix, commented \"Maverix had another successful year capped off by a fourth consecutive year of record gold equivalent ounces in 2019. We expect to build off this performance with further growth...