Maverix Metals sees 41% increase in revenue in first quarter: lifts dividend payment by 25%
Net income for the three months to end-March was US$14.7 million, up from US$860,000 in Q1 2020 Gold equivalent ounces sold in the three months was 7,302, up from 5,871 in Q1 2020
Maverix Metals Inc (NYSEAMERICAN:MMX) (TSE:MMX) (FRA:7781) posted first-quarter results, which showed an uplift in net income and revenue, while the royalty company announced a 25% increase to the dividend.
Net income for the three months to end-March was US$14.7 million, up from US$860,000 in Q1 2020, on total revenue of US$13 million, up 41% from US$9.2 million a year earlier.