Maverix Metals Buys Royalty Portfolio From Kinross [Seeking Alpha]
Maverix Metals Inc. Common Shares (MMX)
Company Research
Source: Seeking Alpha
Maverix Metals Buys Royalty Portfolio From Kinross Summary Maverix Metals has made another large royalty portfolio acquisition. Kinross will sell a portfolio of 25 precious metal royalties to Maverix for $74 million. While the assets are expected to produce just $3-$4 million in cash flow in 2020, there is long-term upside from development assets. The agreement also contains a key benefit for Maverix, as I explain below. Maverix Metals Buys Royalty Portfolio from Kinross Maverix Metals ( MMX purchasing a royalty portfolio KGC This is Maverix's fourth portfolio acquisition after completing deals with Pan American Silver ( PAAS NEM GFI Maverix is still one of the smaller royalty and streaming companies - it's approximately half the size of peer Sandstorm ( SAND WPM FNV Here's a deeper look at Maverix's latest deal, and why I think the company may have created a strategic advantage over its peers. Maverix Metals Deal: The Numbers (Source: Maverix presentation) The assets acquired by Ma
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