Maverix Metals Buys Royalty Portfolio from Kinross
Maverix Metals (MMX) continues to partner with senior gold producers, this time purchasing a royalty portfolio from Kinross Gold (KGC) for $74 million, paid with 11.2 million common shares of Maverix and $25 million cash.
This is Maverix's fourth portfolio acquisition after completing deals with Pan American Silver (PAAS), Newmont-Goldcorp (NEM), and Gold Fields (GFI).
Maverix is still one of the smaller royalty and streaming companies - it's approximately half the size of peer Sandstorm Gold (SAND), and