Maverix Metals (TSX: MMX; NYSE-AM: MMX) is acquiring 22 royalties from Barrick Gold (TSX: ABX; NYSE: GOLD) including a 1% royalty on Skeena Resources' (TSX: SKE; NYSE: SKE) Eskay Creek gold-silver project in British Columbia for US$50 million in cash and a contingent consideration of up to US$10 million. The contingent payment will be broken down into three payments within six years of closing: US$6 million payable when Eskay Creek receives all the permits required to start construction; US$2 million when Maverix receives US$10 million in payments from the royalty portfolio (excluding Eskay Creek); and another US$2 million when Maverix receives US$20 million in royalty payments (excluding Eskay Creek).
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