 VANCOUVER , Jan. 13, 2020 CNW - Maverix Metals Inc. the Company or Maverix NYSE American TSX: MMX announces that as part of the purchase of the Kinross Gold Corporation Kinross royalty portfolio the Royalty Portfolio, Brett Resources Inc., a subsidiary of Agnico Eagle Mines Limited collectively Agnico Eagle, has exercised its right of first refusal ROFR on the sale of the 2 net smelter return royalty on the Hammond Reef project located in Ontario, Canada , in accordance with the terms of the royalty agreement between Agnico Eagle and Kinross . As a result of the ROFR exercise, Maverix has received a cash payment of US12 million . All of the other royalties in the Royalty Portfolio that were subject to restrictions on transfer, that included a ROFR, have expired and Maverix has completed the acquisition of those royalties. 