Maverix Metals Inc.

Maverix Metals Inc. in its royalty portfolio acquisition from Pan American Silver Corp.

Client

Maverix Metals Inc.

Value

US$10 million

Service

Mergers and Acquisitions

Date Closed

June 2021

Industry

Mining & Natural Resources

Lead Office

Vancouver

 

On June 29, 2021, Maverix Metals Inc. announced its acquisition of a portfolio of precious metals royalties from Pan American Silver Corp. Maverix acquired a portfolio of six royalties from Pan American Silver in exchange for 491,071 common shares of Maverix and a cash payment of $7,000,000. This acquisition adds future option value to Maverix’s overall asset portfolio which now boasts 121 royalty and stream assets, 13 of which are currently paying and a number of which are on advanced stage projects.

Maverix Metals is a gold-focused royalty and streaming company with a globally diversified portfolio of over 100 assets.

Pan American Silver Corp. is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

Osler, Hoskin & Harcourt advised Maverix with a team consisting of Alan Hutchison, Patrick Sullivan and Ian Morrison (Corporate).