Who Owns Maverix Metals Company?

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Who owns Maverix Metals now?

Triple Flag Precious Metals completed an all-share acquisition of Maverix in January 2023, folding Maverix’s portfolio and investors into Triple Flag and ending Maverix’s standalone public listing. Maverix had grown since 2016 via royalties and streams across gold and silver assets.

Post-deal, Maverix’s assets and legacy holders became part of Triple Flag’s equity base, which had an approximate equity value of US$2.5–3.0 billion in 2023–2024; prior to the transaction Maverix’s market cap peaked near US$700–800 million.

See Maverix Metals Porter's Five Forces Analysis for strategic context on the company’s competitive position.

Maverix Metals was co-founded in 2016 by Geoff Burns and Daniel O’Flaherty, launched via a spin‑in from Pan American Silver that established Pan American as the anchor shareholder while management and founders retained a meaningful minority stake.

Founders

Co‑founded in 2016 by Geoff Burns (ex‑CEO, Pan American Silver) and Daniel O’Flaherty (mining financier and former banking executive).

Anchor shareholder

Pan American Silver provided 13 royalties/streams in exchange for a sizeable equity position, acting as the cornerstone investor at inception.

Founding equity split

Initial disclosures described Pan American’s strategic majority‑like stake and a collective minority for founders and management, with precise percentages evolving in filings.

Management holdings

By 2017–2018 filings, Burns and O’Flaherty together held a single‑digit to low‑teens percent on a fully diluted basis, subject to vesting and options.

Incentives

Option plans with multi‑year vesting (commonly 3–4 years) and change‑of‑control provisions aligned management incentives with shareholder value.

Governance

Governance included customary buy‑sell and ROFR clauses for insider transfers; no major founder disputes were publicly reported.

The founding capital structure prioritized a stable strategic anchor (Pan American) alongside management equity and institutional investors participating in early financings to support a diversified, cash‑generative royalty portfolio.

Key facts and ownership indicators

Early ownership and filings provide the baseline for understanding Maverix Metals ownership and who owns Maverix Metals; investors should consult registry and filings for up‑to‑date Maverix Metals shareholders data.

• Founders: Geoff Burns and Daniel O’Flaherty co‑founded Maverix Metals in 2016.
• Anchor: Pan American Silver supplied 13 royalties/streams and took a cornerstone equity position at launch.
• Founder stake: Combined founder/management holding reported in filings as single‑digit to low‑teens percent on a fully diluted basis in 2017–2018.
• Incentives & governance: Multi‑year option vesting (3–4 years), change‑of‑control protections, and customary ROFR/buy‑sell mechanics applied.

For additional strategic context and historical capital structure details see Marketing Strategy of Maverix Metals.

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Key events reshaped Maverix Metals ownership: formation via a Pan American Silver asset contribution in 2016, Newmont's strategic equity entry after 2018 royalty/stream deals, rising institutional ownership through 2020–2021, and the all‑share acquisition by Triple Flag Precious Metals completed January 19, 2023, which folded Maverix into Triple Flag's shareholder registry.

Post‑closing disclosures showed combined Pan American Silver and Newmont ownership of Triple Flag in the low‑to‑teens percent range, ending Maverix Metals ownership as an independent registry and transferring beneficial ownership and voting influence into Triple Flag's governance and capital structure; see a concise corporate timeline at Brief History of Maverix Metals.

Ownership evolution: quick facts

Key shifts moved Maverix from a Pan American‑anchored royalty issuer to a Triple Flag asset base, with institutional holders rising before the 2023 takeover.

• 2016: Pan American received a large minority stake on formation
• 2018–2019: Newmont became a major shareholder via royalty/stream sale
• 2020–2021: Institutional ownership increased through index inclusion and financings
• Jan 19, 2023: Maverix acquired by Triple Flag; former Maverix shareholders now hold Triple Flag equity

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As of the Triple Flag acquisition close in 2024, Maverix Metals’ standalone board was dissolved and governance responsibilities transitioned to Triple Flag’s board; prior to that, Maverix’s board comprised co-founders, strategic-shareholder nominees and independent mining finance and legal experts.

Pre-acquisition voting power reflected a one-share-one-vote common share structure; insiders and strategic shareholders exercised influence through significant equity stakes rather than special voting rights, and the Triple Flag acquisition was approved by shareholders with key strategic holders providing decisive support.

Board composition and voting summary

Key governance points: single-class common shares, strategic-holder influence via ownership, and board transition post-acquisition.

• Board included co-founders Geoff Burns and Daniel O’Flaherty
• Strategic nominees historically linked to Pan American and Newmont held sway
• No dual-class or founder super-voting shares reported
• Post-close, Maverix governance integrated into Triple Flag’s board

For context on corporate priorities and culture tied to Maverix Metals ownership, see Mission, Vision & Core Values of Maverix Metals

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From 2023 through 2025 Maverix Metals ownership shifted to full integration within Triple Flag Precious Metals, converting former Maverix shareholders into Triple Flag equity holders; institutional ownership rose as the combined free float and index inclusion expanded across the TSX and NYSE.

Industry consolidation and rising institutional appetite for asset-light cash flows shaped ownership trends; gold traded roughly between US$1,800 and US$2,400/oz during 2023–2025, supporting royalty valuations and further consolidatory activity.

Ownership concentration

Founder and insider dilution typically increases as royalty firms scale; strategic miners prefer equity stakes over operating roles to secure cash-flow exposure.

Institutional inflows

Institutional investors, including resource funds and passive index products, expanded holdings in Triple Flag after the Maverix integration, shifting shareholder composition toward larger managers.

Forward signals

Street commentary through 2024–2025 expects continued consolidation and portfolio optimization to lower cost of capital and lift NAV per share; no indications Maverix will return as a standalone listing.

Potential ownership changes

Future shifts likely at the Triple Flag level via secondary sell-downs by strategic holders, normal-course issuer bids, or further accretive M&A; management emphasizes disciplined growth.

For context on the business profile that informed these ownership moves see the Target Market of Maverix Metals article linked here: Target Market of Maverix Metals

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