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BRIEF-Maverix Metals Acquires Silver Stream On The El Mochito Mine

Published 2019-03-28, 08:20 p/m
© Reuters.  BRIEF-Maverix Metals Acquires Silver Stream On The El Mochito Mine
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March 28 (Reuters) - Maverix Metals Inc MMX.V :

* MAVERIX METALS ACQUIRES SILVER STREAM ON THE EL MOCHITO MINE

* MAVERIX METALS INC - MAVERIX WILL MAKE AN ADVANCE PAYMENT OF US$7.5 MILLION FOR RIGHT TO PURCHASE 22.5% OF SILVER PRODUCED FROM EL MOCHITO

* MAVERIX METALS INC - SUBJECT TO CERTAIN CONDITIONS, MAVERIX WILL MAKE PAYMENT OF US$7.5 MILLION FOR AN ADDITIONAL 17.5% OF SILVER PRODUCED

* MAVERIX METALS INC - MAVERIX WILL PAY 25% OF SILVER PRICE AT TIME OF DELIVERY, FOR EACH SILVER OUNCE DELIVERED

* MAVERIX METALS - TRANSACTION IS ACCRETIVE ACROSS ALL KEY METRICS, INCLUDING NET ASSET VALUE, CASH FLOW, AND ATTRIBUTABLE GOLD EQUIVALENT PRODUCTION

* MAVERIX METALS INC - EXPECTS AVERAGE ANNUAL SILVER DELIVERIES OF APPROXIMATELY 165,000 OUNCES OVER FIRST THREE YEARS AT A SILVER STREAM RATE OF 22.5%

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