Maverix Metals Reports Solid Start For Operations

VANCOUVER, BC - Dan O'Flaherty, President and CEO of Maverix Metals said, "We are very pleased to have followed up our strong finish to 2017 with a solid start to 2018. Furthermore, with a number of near term catalysts, including the re-start of production at Silvertip in Canada, and the continued ramp up of production at Moose River Consolidated in Canada, Florida Canyon in Nevada, and Beta Hunt in Australia, we are expecting a robust second quarter and continued attributable gold equivalent production growth throughout the year. With a growing cash flow platform now established, we are actively evaluating new opportunities to invest our cash to further enhance our royalty and streaming portfolio."

Coeur Mining announced the commencement of production ahead of schedule at the Silvertip mine. Coeur Mining expects to reach commercial production mid-year and ramp up to nameplate capacity of 1,000 metric tonnes per day in early 2019. The Company expects to receive its first royalty payment from Coeur Mining in Q2 2018. At Mt Carlton, Evolution Mining reported gold production of 25,850 ounces for the quarter ended March 31, 2018. In April, Evolution Mining reported an increase of resources, prior to mining depletion, at Mt Carlton of 225,000 gold ounces, largely due to the positive impact of infill drilling. The Definitive Feasibility Study for the Underground/Stage 4 pit continued during the quarter. 

RNC Minerals reported 13,780 ounces of gold mined in Q1 2018 at Beta Hunt, an 8% increase over Q4 2017 and the fourth consecutive quarter of increased mined gold production. RNC Minerals expects continued improvements in production volumes and grade in the second quarter of this year, with the commencement of production from the Western Flanks Central and AWF 14 Level stopes. The Moose River Consolidated had gold production of 18,183 ounces in Q1 2018 at the Moose River Consolidated mine as reported by Atlantic Gold, including 8,810 ounces in March, the first full month since declaring commercial production on March 1st, 2018. The company also announced that mill throughput and recoveries have exceeded design criteria and that the mine is on track to meet its annual production guidance of 82,000 – 90,000 ounces.  

Alio Gold reported that it has been recommended that both Alio Gold and Rye Patch shareholders vote FOR the plan of arrangement whereby Alio Gold will acquire all of the issued and outstanding shares of Rye Patch, at their special meetings of shareholders to be held on May 18th, 2018. Alio Gold reported that its strong balance sheet provides the flexibility to support advancement of Rye Patch projects, specifically the potential for low-capital expansion to increase annual gold production at Florida Canyon.