Maverix Metals Buys (Another) Royalty Portfolio From Newmont

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About: Maverix Metals Inc. (MMX), Includes: BBSRF, KGC, KOREF, NEM, OR, ORRLF, PAAS, SAND, SSRM
by: Gold Mining Bull
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Summary

Maverix Metals has announced the purchase of a royalty portfolio from one of its largest shareholders, Newmont, for up to $90 million.

It will buy a portfolio of 11 gold royalties, including some high-quality gold projects in the Americas.

Newmont has increased its ownership in Maverix following this transaction.

This deal further boosts Maverix's best-in-sector growth portfolio, as I explain below.

Maverix Metals Buys (Another) Royalty Portfolio From Newmont

Gold royalty and streaming company Maverix Metals (MMX) has announced the purchase of a portfolio of 11 gold royalties from Newmont (NEM) for