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Maverix Metals Management

Management criteria checks 4/4

Key information

Dan O'Flaherty

Chief executive officer

US$311.9k

Total compensation

CEO salary percentage	100.0%
CEO tenure	6.5yrs
CEO ownership	2.3%
Management average tenure	5.7yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan O'Flaherty's remuneration changed compared to Maverix Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	US$12m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$13m
Dec 31 2021	US$992k	US$312k	US$24m
Sep 30 2021	n/a	n/a	US$27m
Jun 30 2021	n/a	n/a	US$38m
Mar 31 2021	n/a	n/a	US$38m
Dec 31 2020	US$934k	US$290k	US$24m
Sep 30 2020	n/a	n/a	US$7m
Jun 30 2020	n/a	n/a	-US$5m
Mar 31 2020	n/a	n/a	-US$8m
Dec 31 2019	US$878k	US$273k	-US$8m
Sep 30 2019	n/a	n/a	US$4m
Jun 30 2019	n/a	n/a	US$3m
Mar 31 2019	n/a	n/a	US$2m
Dec 31 2018	US$955k	US$293k	US$2m
Sep 30 2018	n/a	n/a	US$2m
Jun 30 2018	n/a	n/a	US$2m
Mar 31 2018	n/a	n/a	US$3m
Dec 31 2017	US$481k	US$173k	US$2m
Sep 30 2017	n/a	n/a	-US$379k
Jun 30 2017	n/a	n/a	-US$6m
Mar 31 2017	n/a	n/a	-US$6m
Dec 31 2016	US$45k	US$45k	-US$6m

Compensation vs Market: Dan's total compensation ($USD311.89K) is below average for companies of similar size in the US market ($USD3.92M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

CEO

Dan O'Flaherty (40 yo)

6.5yrs

Tenure

US$991,825

Compensation

Mr. Daniel O'Flaherty, also known as Dan, has been Chief Executive Officer at Maverix Metals Inc. since June 17, 2016 and served as President until November 26, 2019. Mr. O'Flaherty was Executive Vice Pres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel O'Flaherty	CEO & Director	6.5yrs	US$991.82k	2.33% $ 17.0m
Ryan McIntyre	President	3.2yrs	US$991.82k	0.048% $ 346.8k
Matthew Fargey	Chief Financial Officer	5.7yrs	US$577.41k	0.16% $ 1.2m
Brendan Pidcock	Vice President of Technical Services	2.3yrs	US$570.21k	0.020% $ 148.5k
Charles Beil	General Counsel & Corporate Secretary	4.6yrs	US$473.84k	0.038% $ 275.7k
Brent Bonney	Vice President of Corporate Development	5.9yrs	US$570.21k	0.23% $ 1.7m
Valerie Burns	Manager of Investor Relations	no data	no data	no data
Peter Winters	Financial Controller	no data	no data	no data
Wayne Vincent	Senior Financial Advisor	no data	US$138.13k	no data

5.7yrs

Average Tenure

42yo

Average Age

Experienced Management: MMX's management team is seasoned and experienced (5.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel O'Flaherty	CEO & Director	5.7yrs	US$991.82k	2.33% $ 17.0m
J. C. Spicer	Independent Director	6.6yrs	US$99.49k	0.64% $ 4.7m
Geoffrey Burns	Independent Chairman of the Board	6.6yrs	US$189.15k	4.36% $ 31.8m
Brian Penny	Independent Director	3.5yrs	US$99.81k	0.0068% $ 49.6k
A. Doyle	Director	6.6yrs	US$84.84k	0.046% $ 336.8k
David Scott	Lead Independent Director	3.5yrs	US$94.82k	0.28% $ 2.1m
Blake Rhodes	Director	4.2yrs	no data	0.0068% $ 49.6k
Tara Hassan	Independent Director	2.2yrs	US$82.96k	no data
Christopher Barnes	Independent Director	6.6yrs	US$95.75k	0.45% $ 3.3m

5.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: MMX's board of directors are considered experienced (5.7 years average tenure).

This company has been acquired

Maverix Metals Management

Management criteria checks 4/4

Key information

Recent management updates

Maverix Metals Inc., Annual General Meeting, Jan 12, 2023

Insufficient new directors

Insufficient new directors

Insider recently sold US$270k worth of stock

Maverix Metals Inc., Annual General Meeting, May 12, 2022

President recently bought US$85k worth of stock

Recent updates

Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others.

Price target decreased to US$5.38

Now 20% undervalued

Upcoming dividend of US$0.013 per share

Maverix Metals Inc., Annual General Meeting, Jan 12, 2023

Maverix Metals Inc. Approves Quarterly Cash Dividend, Payable on or About December 15, 2022

Price target decreased to US$5.83

Insufficient new directors

Price target decreased to US$5.83

Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others for approximately $590 million.

Investor sentiment improved over the past week

Upcoming dividend of US$0.013 per share

Maverix Metals Inc. Approves Quarterly Cash Dividend, Payable on or About September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.019 (vs US$0.026 in 2Q 2021)

Insufficient new directors

Price target increased to US$6.50

Upcoming dividend of US$0.013 per share

Maverix Metals Inc. Approves the Payment of the Quarterly Cash Dividend, Will Be Paid on or About June 15, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Price target decreased to US$6.00

Insider recently sold US$270k worth of stock

Maverix Metals Inc. Provides Production Guidance for the Year 2022

Maverix Metals Inc., Annual General Meeting, May 12, 2022

Investor sentiment improved over the past week

Maverix Metals Inc. Approves Quarterly Cash Dividend, Payable on or About March 15, 2022

Now 21% undervalued after recent price drop

President recently bought US$85k worth of stock

Upcoming dividend of US$0.013 per share

Third quarter 2021 earnings released: EPS US$0.02 (vs US$0.11 in 3Q 2020)

Upcoming dividend of US$0.013 per share

Second quarter 2021 earnings released: EPS US$0.026 (vs US$0.025 in 2Q 2020)

CEO & Director recently sold US$734k worth of stock

Maverix Metals Inc. (TSX:MMX) acquired Portfolio of Six Royalties from Pan American Silver Corp. (TSX:PAAS) for CAD 10.2 million.

Upcoming dividend of US$0.013 per share

First quarter 2021 earnings released: EPS US$0.10 (vs US$0.007 in 1Q 2020)

Maverix Metals Inc. Approves Quarterly Dividend, Payable on June 15, 2021

Full year 2020 earnings released: EPS US$0.19 (vs US$0.071 loss in FY 2019)

Maverix Metals Inc. Reaffirms Production Guidance for the Year 2021

New 90-day low: US$4.68

Maverix Metals Inc., Annual General Meeting, May 13, 2021

Director recently sold US$164k worth of stock

Director recently sold US$54k worth of stock

New 90-day high: US$6.09

CEO & Director recently bought US$98k worth of stock

New 90-day low: US$4.76

Maverix Metals Inc. Appoints Tara Hassan to Board of Directors

Fireweed Zinc Ltd. (TSXV:FWZ) acquired 167km2 MAC Claims Located in Northwest of the Tom and Jason Deposits from Maverix Metals Inc. (TSX:MMX) for CAD 0.24 million.

New 90-day high: US$5.99

Price target raised to US$6.17

New 90-day high - US$5.30

Price target raised to US$6.00

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age