Business
Maverix Metals announces strong first quarter 2018 gold equivalent production and increases full year guidance
Maverix Metals announces strong first quarter 2018 gold equivalent production and increase...
About this update from Mustang Minerals Limited
[{"type":"text","content":"\n\n\n\nMaverix Metals announces strong first quarter 2018 gold equivalent production and increases full year guidance\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, May 15, 2018\n\n\n\n\n\n\n\nVANCOUVER, May 15, 2018 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (TSX-V: MMX) is pleased to announce another strong quarter with attributable gold equivalent production of over 4,000 ounces for the first quarter of 2018. \n\n\n \n \n\n \nDan O'Flaherty, President and CEO of Maverix commented, \"We are very pleased to have followed up our strong finish to 2017 with a solid start to 2018. Furthermore, with a number of near term catalysts, including the re-start of production at Silvertip and the continued ramp up of production at Moose River Consolidated, Florida Canyon and Beta Hunt, we are expecting a robust second quarter and continued attributable gold equivalent production growth throughout the year. With a growing cash flow platform now established, we are actively evaluating new opportunities to invest our cash to further enhance our royalty and streaming portfolio.\"\n\nIncreased 2018 Guidance\n\nBased on its existing royalties and streams, and given the strong production in the first quarter, the Company is increasing its attributable gold equivalent production guidance for 2018 to 18,000 – 19,000 ounces, a 50% – 60% increase over 2017.\n\nRoyalty and Stream Asset Updates\n\n\nSilvertip: On March 8th, 2018, Coeur Mining announced the commencement of production ahead of schedule at the Silvertip mine located in British Columbia. Coeur Mining expects to reach commercial production mid-year and ramp up to nameplate capacity of 1,000 metric tonnes per day in early 2019. The Compa...