Maverix Metals Inc (TSX:MMX) said it achieved record attributable gold equivalent ounces in both the fourth quarter and full-year 2021 periods, beating its already-increased annual guidance.
The royalty company recorded about 9,000 ounces in 4Q 2021 and over 32,000 gold equivalent ounces (GEOs) for FY2021, which topped Maverix’s own estimate of 31,000 ounces.
In November, Maverix updated its guidance to 31,000 from its initial 2021 range of between 27,000 to 30,000 GEOs.
READ: Maverix Metals lifts gold equivalent ounce sold guidance for full year as it reports on 'active' third quarter
"Maverix had another successful year in 2021, recording over 32,000 attributable GEOs, which exceeded our guidance and established a new company record, for the fifth consecutive year,” CEO Dan O’Flaherty said in a statement.
“In 2021, we also continued to expand our asset portfolio by completing three accretive transactions that added significant and immediate cash flow to Maverix. We look forward to building on this performance in 2022 given the organic growth from our existing portfolio, as well as from our active pipeline of royalty and stream acquisition opportunities."
O'Flaherty also congratulated the team at Orla on successfully completing the construction of the Camino Rojo mine and achieving its first gold pour. Maverix holds a 2% NSR royalty on production from oxide and transitional ores from Camino Rojo.
Maverix also declared a quarterly dividend to shareholders of $0.0125 per share, which will be paid around March 15 this year.
Vancouver-based Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of around 120 assets.
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