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The New Streaming and Royalty Company
TSX-V:MMX | maverixmetals.com
September 2016 TSX-V: MMX
Cautionary Note on Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements", within themeaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of MaverixMetals Inc. (“Maverix”). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, theestimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production.Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”,“estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actualresults, performances or achievements of Maverix to be materially different from future results, performances or achievements expressed orimplied by such statements. Such statements and information are based on numerous assumptions regarding present and future businessstrategies and the environment in which Maverix will operate in the future, including the price of gold and anticipated costs. Certain importantfactors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include,amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgicalrecoveries, mining operational and development risks relating to the parties which produce the gold Maverix will purchase, regulatoryrestrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution,share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actualresults, level of activity, performance or achievements of Maverix to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over miningoperations from which Maverix will purchase gold and risks related to those mining operations, including risks related to internationaloperations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations andchanges in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuationin foreign exchange rates and interest rates, and stock market volatility. Although Maverix has attempted to identify important factors thatcould cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause resultsnot to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance onforward-looking statements. Maverix does not undertake to update any forward looking statements that are contained or incorporated byreference, except in accordance with applicable securities laws.
TSX-V: MMX 2
Investment Highlights
Royalties & Streams – Robust Returns with Reduced Risk
SURFACING VALUE
STRONG METAL PRICE LEVERAGE
GROWTH DRIVEN
EXPERIENCED TEAM
FINANCIALLY DISCIPLINED
HIGH QUALITY ASSETS IN THE
AMERICAS
CASH FLOW GENERATION
QUALIFIED PARTNERS
TSX-V: MMX 3
Snapshot
Capital Structure and Ownership
2Producing
Assets
2Advanced
Stage Assets
13Total Streams
& Royalties
C$100M
Market Cap.
Issued & Outstanding Shares 79.8M
Options 2.9M
Warrants 20.0M
Fully-Diluted Shares 102.7M
Share Price C$1.25
Pan American Silver 54%
Management & Insiders 30%
U.S. Global Investors 1%
MEXICO
3. La Bolsa (Sonora)
4. Jojoba (Sonora)
5. La Colorada (Zacatecas)
6. San Jose (Oaxaca)
7. Taviche Este (Oaxaca)
CorporateOffice
Vancouver
C$5M
Cash on Hand
ZERO
Debt
1
2
3 4
5
6 7
8 9
10
1112
13
CANADA
1. Queylus (Quebec)
2. MRC Project (Nova
Scotia)
PERU
8. Quiruvilca (La Libertad)
9. Tres Cruces (La Libertad)
10. Maria Cecilia
11. Shalipayco (Junin)
12. Pico Machay (Huancavelica)
ARGENTINA
13. Calcatreu (Rio Negro)
TSX-V: MMX
Producing Assets
Advanced Stage Assets
Long Term Development
4
Leadership Strength
Geoff BurnsChairman
Dan O’FlahertyPresident
Oggy TalicVP Legal
Doug WardVP Technical
J.C. Stefan SpicerDirector
Christopher BarnesDirector
Rob DoyleDirector
Christopher Emerson
Director
George BrownDirector
TSX-V: MMX
DIRECTORS
EXECUTIVES & SPECIAL ADVISOR
David ScottSpecial Advisor
Wayne VincentChief Financial
Officer
Aligned with shareholders
with meaningful share ownership
5
Streams & Royalties
1. Maverix makes an upfront payment to the miner in return for the right to purchase a fixed percentage of the future precious metals production from a mine at a pre-determined $/oz price
2. Maverix purchases the fixed percentage of silver and/or gold production in return for an ongoing $/oz payment
3. Maverix then sells the production at the prevailing market price
Upfront payment + ongoing $/oz payment
Market Price less Ongoing Payment
PROFIT MARGIN TO MAVERIX=
STREAMS
ROYALTIES
Partner Mining
Company
Market Price
Maverix makes an upfront payment to the miner in return for a fixed percentage of the future revenue generated from a mine
Government Royalties CreditorsEquity
Holders
ExplorationMine
DevelopmentOperating
MinesRoyalties
Priority on Revenue
Claims
Risk Tower
Higher Risk Lower Risk
FULLY CARRIED ASSET WITH NO FUTURE COSTTSX-V: MMX 6
Why Streaming Works
• Royalty & streaming companies trade at higher multiples than traditional mining companies
• i.e. market values precious metal in a streaming company greater than precious metal produced by a traditional miner
• Arbitrage opportunity to realize value for both the operator and the streamer
VALUE ARBITRAGE
Mine Operating Companies Streaming Companies
1.0x Avg.
P/NAV
1.5x Avg.
P/NAV
Win-Win Opportunity
*Note: P/NAV’s are based on research analyst consensus estimates Streaming Companies include: Franco Nevada, Silver Wheaton, Royal Gold, Osisko Royalties
• Streaming has become a popular source of financing
2015
2014
2013
2012
2011 $0.4B (3 deals)
$2.0B (5 deals)
$2.4B (5 deals)
$1.1B (5 deals)
$4.3B (13 deals)
2015 was a record year for streaming transactions
STREAMING TRANSACTIONS
• Robust pipeline of potential streams as the sector still has high debt levels & limited access to capital
TSX-V: MMX 7
Royalty & Streaming Advantage
Stream/Royalty Companies
Traditional Miners
Bullion ETF
+421%
+219%+162% +157%
-65% -34% -35%-11%
Notes: (1) Traditional Miners returns based on the NYSE Arca Gold BUGS Index(2) ETF returns based on SPDR Gold Trust ETF
BU
LL M
AR
KET
N
ov
20
08
–Se
p 2
01
1
BEA
R M
AR
KET
Sep 2
01
1 –
Cu
rrent
Greater upside in bull markets…
SUPERIOR RETURNS
…with less downside risk in bear markets
SUPERIOR VALUATION
Royalty & streaming companies get the upside benefit of the mine with limited downside risks
Royalty &
Streaming
Companies
Operating
Companies
Fixed Operating Costs
No Capital Costs
Exploration Upside without
Exploration Costs
Diversified Asset Portfolio
Ability to Grow without
Increased Management
TSX-V: MMX 8
La Colorada Mine
Core asset to Pan American
Long history of operations
Continued exploration success
Major expansion underway
MAVERIX STREAM MINE OVERVIEW
LOCATION
100% of the life of mine gold
production for a US$650/oz ongoing
payment
Operator Pan American Silver
Mine Type 1,800 tpd UG
Commodities Ag, Au, Pb, Zn
2015 Production 2,630 oz Au
Est Mine Life 14+ Years
Mineral Reserves1
Mineral Resources1
72 koz Au (at 0.32 g/t)
43 koz Au (at 0.32 g/t)
HIGHLIGHTS
Zacatecas, Mexico
TSX-V: MMX
Mexico City
1 “Pan American Silver Mineral Reserves & Resources; December 31, 2015”9
La Colorada Mine Expansion
TSX-V: MMX
• Expansion of both the mine and process facilities from 1,200 tpd to 1,800 tpd was approved in 2014 and is currently on schedule
• Increase mining rate from 1,250 tpd to 1,500 tpd (mid‐2016), then to 1,800 tpd (end of 2017)
• Expected to increase gold production from 2,700 – 2,900 ozin 2016 to nearly 5,000 oz per year by 2018
• Significant exploration potential remains
CURRENT EXPANSION
FURTHER EXPLORATION POTENTIAL REMAINS
10
Taviche Oeste NSR (San José Mine)
TSX-V: MMX
• Mine recently began accessing ore from the TavicheOeste concession, which hosts the Trinidad North veins
• Fortuna expects to mine these high grade resources over the next 8 years
• First production from this concession began in 2015 with the first NSR payment being made for Q3 2015
MAVERIX ROYALTY MINE OVERVIEW
LOCATION
1.5% NSRroyalty on all metal
sales from the TavicheOeste concession at the San José Mine
Operator Fortuna Silver
Operation 2,000 tpd UG
Commodities Gold, Silver
Est Taviche Life ~8 Years
Taviche Oeste (only) Mineral Resources1
STATUS
Gold
Silver
320 koz (at 1.87 g/t)
49.8 Moz (at 292 g/t)
Oaxaca, Mexico
Mexico City
1 “Fortuna Silver reports updated Mineral Resource estimate for San Jose Mine in Mexico”; August 27, 201411
Taviche Oeste NSR (San José Mine)
TSX-V: MMX
• The Trinidad North vein on the Taviche Oeste deposit was discovered in 2013
• The Trinidad North zone is contiguous with existing mine infrastructure and remains open to the north and to depth
• Top priority of the Brownfields exploration program at San Jose is to further explore the resource potential of the high-grade Trinidad North discovery
• To-date, drilling has defined the Trinidad and Bonanza vein systems over a strike length of ~1,000m and to depths exceeding 600m from the surface
• 2016 brownfields exploration program budget of $8.2M, which includes 22,000m of diamond drilling and the development of a 1,500m underground exploration drift to allow better access to test the northern extension of the Trinidad North vein system
12
Near Term Growth: MRC Project
The Touquoy gold project is the most advanced project in Atlantic Gold’s portfolio
All major permits in place
Feasibility study completed in 2015
Fully-financed
Atlantic Gold expects to pour gold in 2017
TSX-V: MMX
MAVERIX ROYALTY PROJECT OVERVIEW
LOCATION
3%* NSRroyalty on all gold sales
from the Touquoy deposit at the Moose River
Consolidated (MRC) project* Subject to a 2% buy-back for C$2.5M
Operator Atlantic Gold Corp.
Mine Type Open Pit
Commodities Gold
Est. Annual
Production~88 koz Au
Initial Life Min. 4.5 Years
Measured & Indicated Resources1
Inferred Resources1
480 koz Au (at 1.5 g/t)
77 koz Au (at 1.5 g/t)
HIGHLIGHTS
Nova Scotia, Canada
Halifax
1 “NI 43-101 Technical Report, Feasibility Study for Moose River Consolidated Project, Nova Scotia”; dated 13 August 201513
Future Growth
TSX-V: MMX
ShalipaycoOwners: Minera Milpo / Votorantim
MMX: 1% NSRZinc-lead-silver project located a short
distance from Milpo’s El Porvenir mill
CalcatreuOwner: Pan American Silver
MMX: 1.25% NSROpen pit gold-silver project
Taviche EsteOwner: Aura Silver
MMX: 1.5% NSR
QueylusOwner: Copper One
MMX: 1.5% NSR
JojobaOwner: GFMM SAPI de CV
MMX: 2% NSR
Maria CeciliaOwner: Stellar Mining
MMX: 1.5% NSR
QuiruvilcaOwner: Sociedad Minera
Quiruvilca
MMX: 1% NSR (1)
Notes:
(1) 50% of revenue from a 2% NSR owned by Pan American Silver
Tres CrucesOwners: Barrick Gold / New Oroperu Resources
MMX: 1.5% NSRGold project with a 3.2 Moz resource (10 km from
Barrick Gold’s Lagunas Norte mine)
Pico MachayOwner: Pan American Silver
MMX: 1.0% NSROpen pit gold-silver project
La BolsaOwner: Pan American Silver
MMX: 5% Au Stream ($450/oz)Gold-silver project essentially shovel ready
Significant growth
pipeline with proven
partners
Early
Exploration /
Other
Pre-Feasibility
Advanced
Exploration/
Scoping
Feasibility
14
Net Asset Value Multiples
TSX-V: MMX
• P/NAV multiples are correlated to critical mass (increased liquidity, research, access to capital, index inclusion)
• However, IRRs on stream acquisitions inversely related to size more difficult to do high return deals
• Substantial torque exists in multiple expansion for small companies• Increased ability to generate high returns and meaningful acquisitions
• Mission critical completing accretive acquisitions
Notes: (1) P/NAV multiples based on analyst consensus net asset values as of June 2016
P/NAV MULTIPLES
0.9x
1.5x1.8x
2.1x
Precious Metals Streams P/NAV
Implied IRR to Buyer
Operating Avg. > $100M 1.1x 5%
Operating Average 1.0x 11%
Development Average 0.8x 14%
Overall Average 0.9x 10%
PRECEDENT TRANSACTIONS
15
The Maverix Advantage
TSX-V: MMX
EXPERIENCED TEAM
STRONG ASSET PORTFOLIO
Proven track record
Aligned with shareholders
Financially disciplined
Cash flow generation
Quality assets in the Americas
Strong partners
FOCUSED ON CREATING VALUE
FOR SHAREHOLDERS
Growth driven
Leverage to metal price
Reduced risk
16
Future Growth
TSX-V: MMX
1% NSR Shalipayco Project(Junin, Peru)
• Pre-feasibility stage Zn, Pb, Ag project
5% Gold Stream La Bolsa Project(Sonora, Mexico)
• Feasibility stage open pit Au, Ag project
1.25% NSR Calcatreu Project(Rio Negro, Argentina)
• Pre-feasibility stage open pit Au, Ag project
1.5% NSR Tres Cruces Project(La Libertad, Peru)
• Gold project with a 3.2 Moz resource located 10
km south of Barrick Gold’s Lagunas Norte mine
1% NSR Pico Machay Project(Huancavelica, Peru)
• Scoping stage open pit gold project
1.5% NSR Taviche Este Project(Oaxaca, Mexico)
• Early exploration project located near Fortuna’s
San José mine
1% NSR(50% of Pan American’s 2%
NSR)
Quiruvilca Mine(La Libertad, Peru)
Sociedad Minera
Quiruvilca
Inversiones S.A• Historic Zn, Ag mine still currently producing
2% NSR Jojoba Project(Sonora, Mexico)
GFM Minera S.A.P.I.
de C.V• Advanced exploration stage Au, Ag deposit
1.5% NSR Queylus Project(Quebec, Canada)
• Early exploration stage Cu, Au project
1.5% NSR Maria Cecilia Project(Peru)
• Early exploration stage Au, Ag project
MAVERIX ASSET MINE/PROJECT OWNER(S) SUMMARY & STATUS
18
La Colorada Mineral Reserves & Resources
TSX-V: MMX
Tonnes k/t Ag g/t Au g/t Pb % Zn % Ag Moz Au koz Pb kt Zn kt
Proven 3,255 474 0.35 1.69 3.15 49.6 36.6 55.0 102.5
Probable 3,740 346 0.3 1.18 2.06 41.6 36.1 44.1 77.0
Total Reserves 6,994 406 0.32 1.42 2.57 91.2 72.7 99.1 179.6
Measured 425 234 0.22 0.47 0.85 3.2 3.0 2.0 3.6
Indicated 1,912 288 0.26 0.64 0.88 17.7 16.0 12.2 16.8
Total M & I 2,337 278 0.25 0.61 0.87 20.9 19.0 14.2 20.4
Inferred 1,938 374 0.39 2.27 4.02 23.3 24.3 44.0 77.9
Total (excl. Inf) 9,331 374 0.31 1.21 2.14 112.1 91.7 113.4 200.0
Total (incl. Inf) 11,269 374 0.32 1.40 2.47 135.4 116.0 157.3 277.9
Grade Contained Metal
As of December 31, 2015. Prices used to estimate mineral reserves were $17.00 per ounce of silver, $1,180 per ounce of gold, $1,800 per tonne of lead and $1,800 per tonne of zinc.
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