- Maverix Metals released its Q3 results last week and reported record attributable quarterly gold-equivalent ounce sales as well as record quarterly revenue.
- While attributable gold-equivalent ounce sales were down at quite a few operations year-over-year, the higher gold price led to significant revenue growth at nearly every asset.
- Meanwhile, Maverix's cash cost margin hit a record high of $1,710/oz, with Maverix enjoying industry-leading margins near 90%.
- Given Maverix Metals' solid organic growth potential in its royalty portfolio, I continue to see the stock as a Hold.
For further details see:
Maverix Metals: Record Gold Prices & Omolon Contribution Help Deliver Record Quarter