Maverix Metals Inc. (TSX:MMX) entered into a definitive agreement to acquire Portfolio of 22 Royalties from Barrick Gold Corporation for $60 million on September 1, 2022. The transaction is subject to the exercise of any right of first refusal or buy-down rights under certain of the royalties, and contingent consideration of up to $10 million. On September 26, 2022, Skeena Resources Ltd. ("Skeena") announced that it exercised its right to repurchase 0.5% of the 1.0% net smelter return ("NSR") royalty on the Eskay Creek project from Barrick for a payment of CAD 17.5 million. The remaining 0.5% NSR royalty is not subject to any further reductions. As a result of Skeena's exercise of its repurchase right, Maverix's upfront cash payment to Barrick was reduced from $50 million to $37.2 million on closing. Maverix used existing cash on hand and its revolving credit facility to fund the cash payment.

Maverix Metals Inc. (TSX:MMX) completed the acquisition of Portfolio of 22 Royalties from Barrick Gold Corporation for $47.2 million on September 29, 2022.