Maverix Metals (MMX) - Royalty Company Continues Rapid Growth
Matthew Gordon, Ptolemy Capital
9 Months ago
Maverix Metals is a precious-metals-focussed royalty company that we last spoke to in January. It has advanced a great deal since then and now has a market cap of over C$800M. Maverix Metals is now a mid-tier royalty company, and it could be an attractive takeout proposition for a major. The company revenue sits at around C$40M from 13 different projects with 92 projects following up behind.
The royalty portfolio has really taken shape over the last 6-months, and McIntyre was keen to tell us about Maverix Metals' business strategy going forward. Royalty investors will be hoping for more growth. We also touch on the recently renegotiated royalty package with Karora Resources at Beta Hunt, one of the company's most important royalties.
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