- Write by:
-
Tuesday, February 26, 2019 - 10:34:56 AM
-
652 Visit
-
Print
Mining News Pro - Vancouver-based Maverix Metals revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company’s increased guidance of 19,000 ounces and represents an increase of 75% compared to 2017.
According to Mining News Pro - Only in the fourth quarter of last year, it produced 5,650 equivalent ounces, which is 40% more of what it produced over the same period in 2017.
Maverix spun out of Pan American Silver in 2016.
In a press release, the royalty and streaming company said that the growth is in part the result of the acquisition of a major portfolio of 51 royalties from Newmont Mining, the creation of a silver stream on Northern Vertex’s Moss Mine in Arizona, the discovery by RNC Minerals of the high grade Father’s Day Vein at the Beta Hunt Mine in Australia; and Evolution Mining’s plans to proceed with the underground development, Stage 4 pit cut-back and plant modifications at its Mt. Carlton Mine in Australia.
Based on these developments, Maverix said that in 2019, it expects for continued growth with attributable gold equivalent production expected to be between 22,500 and 24,500 ounces.
The company, spun out of Pan American Silver in 2016, also holds royalties on TMAC Resources‘ Hope Bay mine in Nunavut, Canada; Coeur Mining’s Silvertip mine in B.C., and Evolution Mining’s Mt. Carlton mine in Australia.
Short Link:
https://www.miningnews.ir/En/News/339803
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
No comments have been posted yet ...