Maverix Metals Completes Acquisition of 2% NSR Royalty on Karma Gold Mine
TSX VENTURE: MMX
VANCOUVER, British Columbia, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Maverix Metals Inc. (“Maverix”) (TSX-V:MMX) is pleased to announce that it has completed the previously announced acquisition of an existing 2.0% net smelter return royalty from Liberty Metals & Mining Holdings, LLC on Endeavour Mining Corporation’s interest in the long-life Karma gold mine for consideration of US$20,000,000 in cash.
Maverix Metals Inc. is a gold royalty and streaming company. Maverix’s primary purpose is to acquire and hold predominantly precious metals streams and royalties, and in so doing provide significant leverage to gold and silver prices for its shareholders. Maverix’s mission is to increase underlying per share value by adding high-quality streams and royalties that offer robust returns to Maverix’s portfolio.