- Maverix Metals released its Q3 results earlier this month, reporting quarterly sales of ~7,700 gold-equivalent ounces [GEOs], a 1.6% decrease from the year-ago period.
- Combined with the lower gold price in the period, revenue fell by 8%, while quarterly earnings per share dipped by 25% to $0.03.
- However, the company has a strong year ahead with production beginning at Camino Rojo, and new deals recently announced, which should translate to double-digit annual GEO sales.
- Given Maverix's large royalty portfolio and meaningful organic growth over the next few years, I would view any pullbacks below US$4.70 as low-risk buying opportunities.
For further details see:
Maverix Metals: A Much Stronger Year Ahead