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Maverix Metals names Newmont Mining executive to its board of directors

Last week the gold royalty company said revenue more than doubled to a record C$9.8 million in the third quarter from a year earlier
Gold bars in front of the Canadian flag
Blake Rhodes brings 'an array' of experience to the board of gold royalty company Maverix Metals

Gold royalty company Maverix Metals Inc (CVE:MMX) (OTCMKTS:MACIF) said Monday that it has named Blake Rhodes, the vice president of corporate development at gold miner Newmont Mining Corp (NYSE:NEM), to its board of directors.

Rhodes has served in his position at Greenwood Village, Colorado-based Newmont since January 2015, according to Maverix. Earlier he served as Newmont's senior vice president of Indonesia.

READ: Maverix Metals rises after posting record revenue and attributable gold output in 3Q

“Blake will be an excellent addition to our existing board, bringing with him an array of experience in the mining industry,” Geoff Burns, chairman of Vancouver-based Maverix, said in a press release.

Last week Maverix said revenue more than doubled to a record C$9.8 million in the third quarter from a year earlier. It reported a record 6,195 ounces of attributable gold equivalent sold.

Shares of Maverix climbed C$0.05 to C$2.44 in Monday’s Canadian trading and advanced US$0.10 to US$1.95 on the OTC market.

 

Contact Dennis Fitzgerald at [email protected]

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