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Maverix Metals Announces Record Production and Revenue for the Third Quarter 2018
Maverix Metals Announces Record Production and Revenue for the Third Quarter 2018 ...
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[{"type":"text","content":"\n\n\n\nMaverix Metals Announces Record Production and Revenue for the Third Quarter 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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; 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, Nov. 21, 2018\n\n\n\nVANCOUVER, Nov. 21, 2018 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (TSX-V: MMX) is pleased to announce its operating and financial results for the third quarter ended September 30, 2018. \n\n \n \n\n \nFor complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the quarter ended September 30, 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.\nThird Quarter 2018 Highlights\nRecord revenue of $9.8 million; Operating cash flow of $6.7 million, excluding changes in non-cash working capital(1); Adjusted net income of $1.3 million(1); Record attributable gold equivalent ounces sold of 6,195 ounces(1); Average cash cost per attributable gold equivalent ounce of $167 resulting in cash operating margins of $1,415 per ounce(1); and Acquired a pre-existing 1.5% net smelter return (\"NSR\") royalty on Premier Gold's McCoy-Cove project in Nevada that was originally intended to be included in the royalty portfolio Maverix acquired from Newmont Mining earlier in the year (2).Outlook\nFor the nine months ended September 30, 2018, Maverix has total attributable gold equivalent production of 15,236 ounces(1). Based on its existing royalties and streams, the Company is likely to exceed previously announced guidance of 18,000 to 19,000 ounces. \n\"Maverix continues to have a strong 2018 with yet another record quarter for both production and revenue,\" commented Dan O'Flaherty, Presiden...