Maverix Metals draws on credit facility to acquire mine royalty

By Marisa Wong

Los Angeles, Aug. 16 – Maverix Metals Inc. has drawn on its existing credit facility to fund an acquisition, according to a news release.

Maverix announced it acquired an additional net smelter return royalty on the Hope Bay mine in Nunavut, Canada, owned and operated by TMAC Resources Inc.

In April, the company announced it increased its revolver with Canadian Imperial Bank of Commerce and National Bank of Canada to $75 million.

Maverix is a gold royalty and streaming company based in Vancouver, B.C.

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