MAVERIX METALS ANNOUNCES RECORD FINANCIAL RESULTS FOR 2018Full Year 2018Financial Highlights
•Record revenue of$34.1million;
•Record operating cash flow of $24.5million, excludingchanges in non-cash working capital;
•Adjusted net income of $3.5million;
•Record attributable gold equivalent ounces sold of20,886ounces;
•Average cash cost per attributable gold equivalent ounce of $162resulting in cash operating margins of $1,468per ounce; and
•At December 31, 2018,the Company had cash of $6.8 million, working capital of $11.3 million and an undrawn capacity of US$37.7 million on its revolving credit facility to fund future acquisition and growth opportunities.
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2019 Outlook
The Company continues to expect the previously announced guidance of attributable gold equivalent production to be between 22,500 and 24,500 ounces for 2019. With a number of our paying assets continuing to ramp up operations throughout the year, we expect our attributable gold equivalent production to be weighted towards the second half of 2019.
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https://www.maverixmetals.com/site/assets/files/3695/mmx-nr_03-28-19.pdf