Maverix announces first quarter 2022 results and declares quarterly dividend

All amounts are in u.s. dollars unless otherwise indicated vancouver, bc , may 13, 2022 /prnewswire/ - maverix metals inc. ("maverix" or the "company") (nyse american: mmx) & (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 million 1; 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 share; adjusted net income of $5.7 million 1, or $0.04 per share; and acquired a package of three gold royalties on nevada properties owned by gold standard ventures corp. ("gold standard").
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