viewMaverix Metals Inc

Maverix Metals has new institutional investors after Gold Fields sells its stake

The buyers of Gold Fields' block of shares were mainly North America-based financial institutions

Gold bullion and dollars
Maverix is a streaming and royalty firm

Maverix Metals Inc (CVE:MMX), the streaming and royalty firm, has new North America-based institutional investors after major backer Gold Fields Ltd sold out its entire stake in the resource group.

In a series of transactions over the last three weeks, Gold Fields Netherlands Services, a subsidiary of Gold Fields sold over 21.4 million Maverix shares, which represented around 19.9% of the firm, Maverix said in a brief statement.

The buyers of Gold Fields' block of shares were mainly North America-based financial institutions, led by Resolute Funds Ltd and Tocqueville Asset Management.

Global leaders in mining investment

"We would like to warmly welcome these institutions as new shareholders of Maverix, recognizing them as global leaders in the mining investment sector," said Dan O'Flaherty, Maverix's president and CEO.

"With our recent application to list on the NYSE American, our conditional approval for graduation to the TSX, and now broadening our shareholder base, we continue to execute on our plan to grow our public markets profile, attract a wider investor following and improve our trading liquidity."

Last month, the group said it had applied to list its shares on the NYSE American exchange. In conjunction, Maverix wants to graduate to the Toronto Stock Exchange (TSX) from the Venture exchange, where it is currently, and it has received conditional approval to have its shares listed on the TSX.

Contact the author at [email protected]

Follow him on Twitter@Gile74

Quick facts: Maverix Metals Inc

Price: 6.64 CAD

Market: TSX
Market Cap: $849.99 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Maverix Metals Inc named herein, including the promotion by the Company of Maverix Metals Inc in any Content on the Site, the Company receives...



Maverix Metals sees strong 1st quarter numbers with revenue up 64%

Maverix Metals (NYSE American: MMX- TSE: MMX) President Ryan McIntyre joined Steve Darling from Proactive Vancouver to discuss the companies 1st quarter revenue numbers that saw yet another increase for the royalty driven company. McIntyre telling Proactive the diversity of their portfolio...

on 18/6/20

2 min read