"Maverix had another successful year capped off by the acquisition of a portfolio of 10 gold royalties from Newmont in the fourth quarter. The portfolio has already delivered increased value through the positive updates at the Camino Rojo and Cerro Blanco gold projects," Maverix Metals CEO Dan O'Flaherty said in a statement. READ: Maverix Metals updates latest development on its Newmont Royalty portfolio "Additionally, we are tremendously excited about the significant advancements made on several other underlying assets where Maverix has a royalty or stream interest," he added. "The company's royalty portfolio continues to benefit from many encouraging developments with further catalysts expected for 2021." Maverix Metals noted that intends to use the cash proceeds from the Hope Bay royalty buyback to fully repay its outstanding debt, which is expects will position the company well for future royalty or stream acquisitions. The company also provided an update on its other project royalties.