Maverix Metals Inc.
Pan American Silver owns an undiluted interest of approximately 18% in Maverix Metals Inc. (“Maverix”), a precious metals royalty and streaming company listed on the Toronto Stock Exchange. Maverix commenced trading in 2016 following the acquisition of a portfolio of 13 non-core royalties, precious metals streams and payment agreements from Pan American Silver in exchange for shares and warrants in Maverix. Maverix has continued to grow its portfolio of royalties and streams.
Pan American Silver holds a free carried interest of 25% to commercial production in the Shalipayco project, a zinc development project located in Peru. The project is owned by Nexa Resources SA.