El Salvador lawmakers overturn mining ban Bukele called absurd
El Salvador became the first country in the world to ban all forms of metals mining in 2017.
Gold-focused royalty firm Maverix Metals (TSX: MMX) reported record attributable gold equivalent ounces for the fourth quarter and full-year ended on December 31, 2020.
In a press release, the Vancouver-based company said that last year it sold 28,916 attributable gold equivalent ounces, which was a 20% increase from its 2019 numbers. Only in the fourth quarter of 2020, the firm sold 8,836 attributable gold equivalent ounces, which is 30% of the yearly total and meant a 25% increase from Q4-2019.
Maverix holds a portfolio of over 100 royalties and streams across 18 countries, of which 13 are currently paying
For 2021, Maverix said it expects 27,000 to 30,000 attributable gold equivalent ounces at approximately a 90% cash margin with approximately 99% of expected revenue derived from gold and silver.
The growth compared to the previous year will be based on the recently acquired portfolio of 10 gold royalties from Newmont Corporation, which include a 2% net smelter return royalty on the Camino Rojo project currently under construction in Zacatecas, Mexico, and whose first gold pour is expected in Q4-2021.
In total, Maverix holds a portfolio of over 100 royalties and streams across 18 countries, of which 13 are currently paying.
