August 24, 2017, Vancouver, British Columbia – Maverix Metals Inc. (the “Company” or “Maverix”) (TSX-V:MMX) is pleased to announce its financial results for the second quarter ended June 30, 2017.
For complete details of the Financial Statements and associated Management’s Discussion and Analysis for the quarter ended June 30, 2017, please see the Company’s filings on SEDAR (www.sedar.com) or the Company’s website (www.maverixmetals.com).
All amounts are in Canadian dollars unless otherwise indicated.
Second Quarter 2017 Highlights
Financial and Operating:
? Revenue of $4.0 million;
? Operating cash flow of $2.3 million;
? Net income of $0.2 million;
? Attributable gold equivalent ounces sold of 2,347(1) ounces; and
? Average cash cost per attributable gold equivalent ounce of $187(1) resulting in cash operating margins of $1,508(1) per ounce.

Strategic:
? On April 20, 2017, Maverix acquired a 2.5% Net Smelter Return (“NSR”) royalty on the Silvertip mine located in northern British Columbia from a subsidiary of Silvercorp Metals Inc. for consideration of 3.8 million common shares. The Silvertip mine began production in the fourth quarter of 2016 and the Company received its first royalty payment from mine in second quarter of 2017.

Events Subsequent to the Quarter:
? On August 17, 2017, the Company closed a US$20,000,000 loan facility with CEF (Capital Markets) Limited (“CEF”) as well as a private placement with CEF for 5,000,000 common shares for total proceeds of $6,750,000. In addition, Pan American Silver Corp. (“Pan American Silver”) exercised its participation rights by subscribing for 2,317,000 common shares for total proceeds of $3,127,950.
? The Company’s current cash balance is $32 million, and when combined with the undrawn portion of the new credit facility, provides total capital availability of $45 million to pursue accretive royalty or stream acquisitions.
Maverix’s President & CEO, Mr. Dan O’Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenu and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning”. Mr. O’Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company”.

Second Quarter Asset Highlights
During the second quarter of 2017, attributable gold equivalent ounces sold was 2,347 ounces at an average cash cost per attributable gold equivalent ounce of $187.(1)
Operational highlights for the quarter ended June 30, 2017, based upon counterparties’ reporting, are as follows:

La Colorada mine (Mexico):
La Colorada produced a record 940 ounces of gold in the second quarter, as development of the underground mine advanced ahead of plan. Pan American Silver reported that the mine achieved design throughput rates of 1,800 tonnes per day in June and is expected to operate at the expanded capacity going forward.


Mt. Carlton mine (Australia):
Mt. Carlton continues to be a strong performer for the Company with the mine producing a record 28,270 ounces of payable gold for the quarter. An underground Pre-Feasibility Study confirmed positive economics for a Stage 4 pit pushback combined with an underground operation to extract the Link Zone. A Definitive Feasibility Study, which will include additional resource definition drilling, has commenced and is expected to be completed in the 2017 calendar year. In addition, Evolution Mining Limited announced guidance for its fiscal year 2018 with the mine expected to produce between 100,000 to 110,000 ounces of gold.(3)

Florida Canyon mine (Nevada):
Florida Canyon announced its first gold pour on May 1, 2017 and produced a total of 7,075 ounces of gold during the second quarter of 2017, ahead of expectations. On August 18, 2017, Rye Patch Gold Corp.
announced that it had secured financing to purchase four additional Caterpillar 785C haul trucks which will enable the mine to increase its production by taking advantage of excess capacity at the crusher.(4)

Beta Hunt mine (Australia):
The second quarter of 2017 was a period of transition for the Beta Hunt mine as it continue to ramp up gold production, with RNC Minerals announcing the commencement of commercial production at the end of the quarter. Performance at the mine improved significantly during the second quarter due to strong improvement in production mining, mine development and an ongoing focus on improving grades. Mining rates improved to 1,800 tonnes per day during June – a 59% improvement versus the first quarter and gold grade mined improved by 24% during the quarter to 2.09 g/t compared to the first quarter. Total gold mined for the quarter was 8,281 ounces and RNC Minerals’ most recent production guidance for Beta Hunt is 50,000 to 60,000 ounces of gold in 2017.(5)

Moose River Consolidated project (Canada):
Atlantic Gold Corp. has reported that construction at the Moose River Consolidated project remains on budget and on schedule with commissioning targeted for September 2017. Overall completion had reached 85% during August 2017.(6)

About Maverix
Maverix Metals Inc. is a gold royalty and streaming company. Maverix’s primary purpose is to acquire and hold predominantly precious metals streams and royalties, and in so doing provide significant leverage to gold and silver prices for its shareholders. Maverix’s mission is to increase underlying per share value by adding high-quality streams and royalties that offer robust returns to Maverix’s portfolio.