Averix announces first quarter 2022 results and declares quarterly dividend

Averix announces first quarter 2022 results and declares quarterly dividend

From maverixmetals.com

Maverix Metals Inc. (“Maverix” or the “Company”) (NYSE American & TSX: MMX) is pleased to announce operating and financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights • Revenue of $14.7 million; • Gold equivalent ounces (“GEOs”) sold of 7,7381 ; • Cash flow from operating activities of $8.0 million; • Cash flow from operating activities, excluding changes in non-cash working capital, of $10.5 million1 ; • Average cash cost per GEO of $190, resulting in a cash operating margin of 90% or $1,704 per ounce1 ; • Net income of $3.5 million, or $0.02 per ... (full story)

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